Our main focus is on Hydro and real-estate projects: Vikas Kothari, Om Metals Infraprojects

Om Metals Infraprojects

 

Om Metals Infraprojects Limited is a conglomerate having diverse business activities and interests related to Hydro mechanical equipments, Hydro power developments, Real Estate and Hospitality. The company has to its credentials more than 40 completed projects across India and Abroad for Design, Manufacture, Supply, Testing and Commissioning of Hydro-Mechanical Equipments.

Replying to Yash Ved of NewsBarons, Vikas Kothari, Director & President – Om Metals informed “We are currently bidding for more than INR 1500 crore projects both in India and abroad”.

NB: Brief us about your order bagged from irrigation segment?

Vikas: We have bagged order worth INR 38.54 crore for the irrigation project at Jharkhand to balance the work of North Koel Reservoir Project and the company has also recently received an order worth of INR 100 crore from Rwanda Agriculture Board, Africa for development of irrigation and watershed. Our main focus is on the Hydro and real-estate projects.We are also participating in all major irrigation projects announced in the country. The company is well geared on both technical and financial qualifications to bid any size project.

NB: Brief us about your investment in real estate space?

Vikas: In terms of real estate, we have investments in Jaipur, Mumbai and Hyderabad. We have a joint development with Mahindra Life spaces and are at advanced stages of completing the project.

We are developing the real estate project at Jaipur and expected to complete by FY19. We are progressing well on project at Bandra in Mumbai.

NB: What is your current order book position?

Vikas: Our current order book position stands at INR 730 crore and the order book position by end of this financial year would be INR 1500 core as the company is bidding for projects both in India and abroad.

This order book would be implemented in the next two to three years. This would take care of our growth in the next two years.

NB: Are you in race for Hydro-power and BOT projects?

Vikas: We are currently bidding for more than INR 1,500 crore irrigation and other infraprojects both in India and abroad and are confident of winning majority of them. We generally bid for projects which have double digit margins.

NB: Please comment on your Capex plans and margins?

Vikas: We don’t need much of capex as we implement these projects on turnkey basis. Our current state-of-the-art manufacturing facilities at Kota and Jaipur will take care of our business for the next two to three years.

We have been working on improving our margins and we would maintain our PAT margins at 10% going forward.

NB: Brief us about your hospitality and multiplex business?

Vikas: We are monetising our non-core assets in our company like multiplex and hotel properties. As of now, our Multiplex business has been sold and we are actively working on selling our hotel properties too.

NB: Your plans for the overseas markets?

Vikas: As of now we are eyeing the African markets on a much focused way. We have won couple of projects in this continent and are actively bidding for projects worth $25 million in these regions.

NB: Brief us about your Financials?

Vikas: The company has declared consolidate revenues of INR 283 crore in FY 17 and PAT of INR 14.60 crore.

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Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com
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