Holding forth
ECONOMY & POLICY

Holding forth

IVRCL led by Sudhir Reddy, Chairman and Managing Director, is currently going through a transformation phase - despite the hostile bid made by the Zee Group on this company, it finally decided to wind down its position after absorbing some trading losses. Now Barclays Capital Mauritius and Societe Generale have acquired a stake in the company. Yet the market capitalisation is only at Rs 1,270 crore though it comes with a robust order book of Rs 27,000 crore that is almost 5.4 times its FY12 revenue.  Can IVRCL convert its huge order book of Rs 27,000 crore to a revenue of Rs 6,000-7,000 crore - which is better than the adjusted revenue of Rs 4,971 crore in 2011-12 - and yet manage to control its debt burden?

IVRCL led by Sudhir Reddy, Chairman and Managing Director, is currently going through a transformation phase - despite the hostile bid made by the Zee Group on this company, it finally decided to wind down its position after absorbing some trading losses. Now Barclays Capital Mauritius and Societe Generale have acquired a stake in the company. Yet the market capitalisation is only at Rs 1,270 crore though it comes with a robust order book of Rs 27,000 crore that is almost 5.4 times its FY12 revenue.  Can IVRCL convert its huge order book of Rs 27,000 crore to a revenue of Rs 6,000-7,000 crore - which is better than the adjusted revenue of Rs 4,971 crore in 2011-12 - and yet manage to control its debt burden?

Next Story
Real Estate

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

Next Story
Real Estate

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Next Story
Infrastructure Energy

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement