Source - CNBC-TV18

Mr KV Rangaswami whole time director & president (Construction) Chennai of L&T talks to CNBC-TV18 about the new orders they have bagged from Tata Steel and Indiabulls Power . The total new orders stand at INR 1,610 crore.

Below is a verbatim transcript of his interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee. For complete details watch the accompanying video.

Q - Can you just detail this INR 5,500 crore of new orders that you have got? From which quarters have they come in?

A - They have come in, in the first quarter of 2011-2012. Metallurgical and metal handling independent company of construction division has bunched a few orders and given this press-release of INR 1,610 crore. The main contributor to this is TATA Steel Limited for their plant at Kalinga Nagar. There are two orders here; one is they are setting up four coke oven batteries and the other one is a steel melting shop. Together it comes nearly about INR 1,600 crore.

There is another power plant order for material handling for Indiabulls Power Limited. That’s about INR 270 crore. There are certain other add-on orders in our existing job sites which constitute about INR256 crore. Together, they aggregate to about INR 1,610 crore in the material handling and the metallurgical sector.

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