Bridge & Roof Co (India) Ltd, a subsidiary of Bharat Yantra Nigam Ltd, has drawn up a capital investment plan of Rs 10 crore for the current financial year. The fund infusion is mainly being planned to sustain the growth in turnover of the company which is slated go past the Rs 300 crore mark during this year.
Meanwhile, the company is set to post a turnover of Rs 276 crore for the year ended March 31, 1998. The company 's gross and net profits are likely to increase to Rs 19.07 crore and Rs 1.80 crore from last year's figures of Rs 15.19 crore and Rs 85 lakh respectively, said B&R managing director Arup K Dutta here yesterday. The new capital investment proposed for the current year is slated to be raised from internal accruals, he added. *
The order booking target for the current year is Rs 375 crore against last year's Rs 331 crore. "With the company growing at the rate of 20 per cent per year, we hope to achieve that target," said Mukesh Jha, deputy general manager (finance).
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The company is bidding for a $9 million tankage terminal project for the Tanzanian government. However, the company faces stiff competition from other contractors based in the United Kingdom, the Middle East and Korea.
The company is also eyeing to promote business. Said A K Nag, general manager, mechanical (East): "The Bangladesh government has identified certain areas where there are oil deposits, we are looking at handling the project in those area."
Apart from that the company is also looking at some road and rail bridge projects in Bangladesh. Talks between the company officials and the Bangladesh government are on regarding these projects.
The company is also planning to enter into cross-country pipe-lines, though this is not being done in a major way.
Said Arup K Dutta, managing director of Bridge & Roof: "We are attempting to get a Rs 600 crore pipe-line project between Bina and Oman".
The company is also planning to enter in the field of construction of ports and jetties in a major way. It has recently completed the Number 8 Berth at Netaji Subhas Dock of the Calcutta Port Trust. Bridge & Roof, which is currently executing a major tankage work for floating and cone roof tanks at Jamnagar for Reliance Petrochemicals Ltd, is also bidding for the terminal works, required for the phase two of the project. Dismissing any plans of privatisation of the company, Dutta said that the company is ready to tie-up with an outside party as and when required.
The total workforce of the company currently stands at 1500. "With around 60 sites of operations, a substantial workforce is needed by the company," said Jha.