Brahmaputra Infrastructure, which today announced winning a Rs 5338.42 crore order from power major NTPC , expects to get 10-15 percent margin from the order, Sanjeev Prithani, joint managing director told CNBC-TV18.
The company which has almost 75 percent promoter holding is in to infrastructure development under hospitality and realty sector. Prithani said that the order was won by consortium of Brahmaputra Infrastructure, BLA Projects Pvt Ltd and GSCO Infrastructure. The order is for development and operation of Chattibariatu coal mining block in Hazaribag, Jharkhand, for a period of 24 years.
Brahmaputra Infrastructure, which recorded revenue of Rs 370 crore in last year, does not plan to raise fresh funds for executing this order as it already has required equipments in place. This project would mark the company’s foray as mines developer operator (MDO).
In a separate statement issued today, Brahmaputra Infrastructure, Managing Director Manoj Kumar Prithani said, “This order value is one of the highest for any domestic MDO issued by a public sector company. This order is in line with our existing business activities. We have got a huge opportunity to prove our capabilities as an MDO and increase our topline from the issue."
The company which has almost 75 percent promoter holding is in to infrastructure development under hospitality and realty sector. Prithani said that the order was won by consortium of Brahmaputra Infrastructure, BLA Projects Pvt Ltd and GSCO Infrastructure. The order is for development and operation of Chattibariatu coal mining block in Hazaribag, Jharkhand, for a period of 24 years.
Brahmaputra Infrastructure, which recorded revenue of Rs 370 crore in last year, does not plan to raise fresh funds for executing this order as it already has required equipments in place. This project would mark the company’s foray as mines developer operator (MDO).
In a separate statement issued today, Brahmaputra Infrastructure, Managing Director Manoj Kumar Prithani said, “This order value is one of the highest for any domestic MDO issued by a public sector company. This order is in line with our existing business activities. We have got a huge opportunity to prove our capabilities as an MDO and increase our topline from the issue."
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