PNC Infratech · tone and specificity signals across the available quarters.
Language signals
The main reason is the delay in declaration of appointed date for the four HAM projects which were awarded in FY24. Though two years passed, appointed dates were not declared because of the non-availability of land. There are certain issues in land pricing and acquisition process.
Out of 17,000 crore order book, 7,000 new orders received last year only and 5,000 crore order book received in FY23 whose appointment dates are not declared, so we could not commence the physical execution. These reasons are beyond our jurisdiction and beyond our control.
We don't think that we bid this project very aggressively. We believe it realistically and deliciously and we expect a margin of around 12 to 13% from this project.
This year we are targeting of EBITDA of 12 to 12.5%... for FY27 also would be in the same around 12.5% only as of now.
We expect a further order flow of inflow of around ₹6,000 crore this year. So totaling to total ₹12,000 crore in the current financial year.
See we are evaluating all the options. Some investors are approaching us and we are looking at other options also. But as I said our primary focus as of now is to achieve the PCOD for the four projects.
We submitted two bids in Uzbekistan... these would be around international kind of Indian equivalent Indian would be around ₹1,500 crore both put together funded project.