We have a Rs 14000-cr order book: Rohan Suryavanshi, Dilip Buildcon

In a chat with ET Now, Rohan Suryavanshi, Directory Strategy & Planning, Dilip Buildcon, says it has won two projects recently in Andhra Pradesh and West Bengal. Edited excerpts


ET Now: Walk us through the details then of both these projects, what is the construction period of each project and by when do you expect the execution of these projects to begin?

Rohan Suryavanshi: We are very excited about these two projects that we have won recently. One project that we have is we won is in Andhra Pradesh and it is a 57 km long project at a cost of Rs 350 crore that we were supposed to complete in the next 24 months.

The next project for Andhra Pradesh as a state that we are already working on and we have done a lot of projects successfully is part of our strategy of keep doing projects in the same vicinity and having a cluster base approach.

The next project that we won we are doing in West Bengal and this is the 16thstate that Dilip Buildcon has added to its kitty. This project that we are going to be doing is a 55 km long four-laning project and this is at a cost of Rs 613 crore and it is right adjacent to another project that we are doing in the state of Jharkhand. So both of these are EPC projects and add to the company strategy of continuing to do more and more EPC work.

ET Now: When are these projects likely to achieve financial closure and when would the revenue reflect on your books?

Rohan Suryavanshi: These are EPC projects and it is not that I need to get finance. These are financed by the government and we just build for the government and they keep on paying me as I raise bills. So there is no financial closure required for these projects. I have won the project just now. Once I sign the letter of award and once we get all the necessary clearances, we will start seeing revenues from both of these projects in the next six months.

ET Now: What does this take your total order book to?

Rohan Suryavanshi: Our total order book it would go almost to Rs 14000 crore.

ET Now: If you could give us a sense of the total quantum of orders that you will be L1 in?

Rohan Suryavanshi: These are all the L1 orders in my order book right now. My unexecuted order book is Rs 14000 crore.

ET Now: Are there some other orders in which you are L1 in right now that you have not received but could receive over the course of the next three months?

Rohan Suryavanshi: No, no. As soon as we get in L1, we immediately inform the regulator about it. So I cannot tell you in future what projects I am going to be L1 in. There are projects that we bid and in those that are in the pipeline but nobody can say which one we will be L1 until unless you actually those bids are opened and we receive them.