Source - CNBC-TV18

Kalindee Rail Nirman's GM finance, Mr AP Verma told CNBC-TV18 that the company is expecting a growth of around 30% to 40% for this fiscal year. He also said that they had submitted their bids for the railway siding works and Rail Vikas Nigam worth INR 1000 crore and INR 700 crore to INR 800 crore respectively.

Below is the verbatim transcript of his interview.

Q - The RVNL will open up orders worth about INR 1000 crore. When will the bidding for these take place? What will be the quantum? Will it all take place in one go?

A - We have already submitted bids with RVNL of around INR 700 crore to INR 800 crore. We are in the process of bidding further about another INR 750 crore shortly.

Q - When do you expect to hear on how much you have won for these already submitted bids of INR 700 crore to INR 800 crore?

A - The result is not yet out. It might take around one to two months.

Q - With regards to Bangladesh Railway, you have signed a rail restoration deal. How lucrative could this deal be as an opportunity in terms of your financials?

A - We are projecting profit after tax of about 12 to 13%. Further, we are in process to submit another bid of around INR 300 crore with Bangladesh Railways very shortly.

To read full transcript, please visit www.steelguru.com