Financial Daily from THE HINDU group of publications
Wednesday, Oct 19, 2005


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Corporate - Announcements
Industry & Economy - Infrastructure


Bridge & Roof in talks for jt venture projects

Our Bureau

Kolkata , Oct. 18

BRIDGE & Roof Co (I) Ltd, a wholly-owned subsidiary of Bharat Yantra Nigam Ltd, a Central public sector unit, may join hands with other companies to bid in big infrastructure projects.

According to Mr Mukesh Jha, Director (Finance), the company is in talks with several organisations for such joint ventures.

"These joint ventures will vary from one case to case. We held some preliminary discussions only," he told newspersons on Tuesday.

In July, the Union Government carried out a financial restructuring of Bridge & Roof, which included conversion of the Government loan worth Rs 11.01 crore into equity and fresh infusion of funds.

"The Government has given us Rs 60 crore for purchasing modern equipment and machinery. Half of this amount will be treated as an equity and the rest will be treated as loan," said Mr P. K. Biswas, Managing Director.

According to him, the company plans to invest approximately Rs 105 crore on plant machinery in the next five years. Of this, Rs 45 crore will be invested in the current fiscal. The rest will be spread over the next four years.

In 2004-05, Bridge & Roof registered a turnover of Rs 466 crore, profit before tax of Rs 1.48 crore, and net profit of Rs 0.98 crore.

In the current fiscal, turnover is expected to increase to Rs 525 crore and profit before tax to Rs 5 crore.

"We hope to make Bridge & Roof a Rs 1,000-crore company within the next three years. Currently, we have Rs 1,000 crore worth of orders and the figure is expected to cross Rs 1,200 crore by the end of March 2006," Mr Biswas said. He added that subsequent to the financial restructuring, the net worth of Bridge & Roof has improved a lot.

It will make the company more eligible to participate in the bigger projects.

The current staff strength of Bridge & Roof is 1,230, of which 700 are officers. More than 500 officers are engineers, he added.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Tata Safari Dicor

Stories in this Section
Emami Paper to invest Rs 350 cr to raise capacity


Cipla to talk to Roche on avian-flu drug
Bridge & Roof in talks for jt venture projects
Correction
Regulators may have say on more independent directors — Company Law to set minimum number
Reliance's Hazira unit bags US award
A wave of internationalisation of R&D
We are no more the owners, says NTC Chairman
Indiabulls to appeal against HC order
NTC may appeal to SC, says Textiles Secy
NEPC India shareholders to get 12.5 shares in new company for every 100
Tata Steel buys coal property in Australia
HC clears Ruia Group's purchase of Hirakud Cables — BIFR okays Jessop's rights issue
SPIC hikes stake in SPEL Semiconductor
Bannari Amman Sugars to expand capacity at Karnataka
VLCC plans to invest Rs 70 cr
Strike halts production at Grasim plant in Karnataka
Air ambulance services — Escorts Heart Institute in pact with Deccan Aviation
Guj Ambuja aid for quake victims
Hyundai targets export earnings of Rs 2,700 cr — Santro heads for UK in November


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line