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IVRCL's four new projects seen bringing Rs 300 crore.

06 Mar 2009 Evaluate

IVRCL Infrastructures and Projects expects four of its projects to start contributing to revenues from next fiscal. While the exact timelines of the cash flows are yet to be set, the build-operate-transfer (BOT) projects are almost complete and revenues are certain to flow in from 2009-10. Together, the four projects are expected to provide cash flows of about Rs 80 lakh to Rs 1 crore per day, adding over Rs 300 crore to the annual topline.

The biggest of these is the Chennai Water Desalination project, designed to pump desalinated water to the metro. The project, which can pump as much as 100 million litres of water per day, is complete and going through a trials phase. The company is expecting revenues of Rs 48 lakh from this project per day. The margins in this would be about 18-20%.

Similarly, the company is working on three BOT roads, including two stretches on Salem-Coimbatore road and one on Amritsar-Jalandhar road. The company would collect tolls on the three roads.

The company has so far invested Rs 1,600 crore on these four projects, including Rs 550 crore on the desalination project. The company is focused on water projects, which account for about 65% of its Rs 14,300 crore order book today.crackcrack

Peers
Company Name CMP
Larsen & Toubro 3953.95
Rail Vikas Nigam 235.65
NCC 146.20
KEC International 497.35
Kalpataru Projects 1289.90
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