Companies

Unity Infraprojects hopes to expand presence overseas

PTI New Delhi | Updated on April 11, 2012 Published on April 11, 2012

To ensure a better rate of return and higher margins, Unity Infraprojects is looking to generate up to 25 per cent of its targeted Rs 5,000-crore revenue by 2014-15 from overseas markets.

“We are looking for opportunities outside India in a big way. We intend to go to countries such as Sri Lanka, South Africa and the Gulf nations, including Saudi Arabia, with our areas of strength in real estate and road construction,” the company’s Chief Financial Officer, Mr Madhav Nadkarni, told PTI.

Unity Infraprojects has a small presence in Nepal and Bangladesh which contributes little to its topline, which stood at Rs 2,000 crore last fiscal. However, it is hopeful of taking the overseas contribution to its revenue to 25 per cent in the next three years.

“We had recorded Rs 1,071-crore sales in FY’11 and aim to clock Rs 5,000 crore revenue by 2014-15. I hope around 25 per cent in that will come from our overseas operations,” Mr Nadkarni said.

Despite huge opportunities within the country, Unity intends to go abroad to ensure a better rate of return and higher margins. Opportunities in foreign countries are an additional incentive.

India plans to almost double its investment to spruce up its beleaguered infrastructure in the current Plan period ending March 2017 to $1 trillion.

Mr Nadkarni said the company is sitting on a Rs 4,772-crore order book, including Rs 3,200 crore bagged in 2011-12.

“We hope to secure orders worth around Rs 5,000 crore in the current fiscal. Around 35 per cent of that is likely to come from the water segment, 25 per cent from the roads sector and the remaining for developing buildings and factories,” he said.

Mr Nadkarni said the company plans to spend Rs 100 crore on capex in the current fiscal, but has no immediate plans to raise funds.

Published on April 11, 2012
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