The state-owned National Buildings Construction Company (NBCC) is in talks with several public-sector companies to develop their surplus land, including Air India, CMD Anoop Kumar Mittal told CNBC-TV18 in an interview.
Mittal was commenting on media reports that said the loss-stricken flag carrier was looking to monetize sum of its surplus assets by entering into an agreement with the state-run developer but he did not elaborate further on the specifics.
Also read: See 20-30% growth, 12-15% margins in realty for FY15: NBCC
"You will have to wait for sometime but definitely we are in process of finalising lot of things with lot of public sector companies and Air India may be one of them," he said.
On NBCC's other projects, the CMD said the company is executing a property in Delhi while three others, valued up to Rs 10,000-15,000 crore, were awaiting approval.
Below is the transcript of Anoop Kumar Mittal's interview to CNBC-TV18's Ekta Batra and Reema Tendulkar.
Ekta: Air India is likely to ink a memorandum of understanding with NBCC this month. Can you comment on the news with regards to Air India and a possible tie-up with NBCC on the monetisation of certain assets?
A: I have also read news in today's news paper. We are in discussion with number of public sector companies who have surplus land for redevelopment of their property. Of course Air India is also one of them but I cannot disclose more on this issue. You will have to wait for sometime but definitely we are in process of finalising lot of things with lot of public sector companies and Air India may be one of them.
Reema: So which are the other PSUs you are currently in discussion with and overall for FY15 if you can quantify the amount that you will make from your real estate monetisation of these tie-ups?
A: We are in discussion with different ministries such as that of heavy industries, department of public enterprises, department of disinvestment for redevelopment of properties belonging to sick PSUs. We have told them we can redevelop their properties around the country on a similar model like that of Moti Bagh or Kidwai Nagar. In some cases, things are at an advanced stage but we have to wait for some more time.
Ekta: What is the redevelopment opportunity in Delhi, there could be certain projects which would be worth around anywhere between Rs 2000 to Rs 10,000 crore if I am not mistaken?
A: You are right. We are presently redeveloping property in east Kidwai Nagar. But there are three more properties, Netaji Nagar, Kasturba Nagar and Tyagraj Nagar, in the vicinity where cabinet approval is in process. We will start these once approval is done. The value of all three will be in the range of Rs 10,000-15000 crore.
On the issue of redevelopment, we are almost in final stages of talks with the Rajasthan government for a joint venture for redeveloping properties in Jaipur as well as other towns. Similarly, we are talking to Odisha government and are interested in two colonies in Bhubaneswar for redevelopment.
NBCC stock price
On August 22, 2014, National Buildings Construction Corporation closed at Rs 511.75, up Rs 23.45, or 4.80 percent. The 52-week high of the share was Rs 520.00 and the 52-week low was Rs 108.30.
The company's trailing 12-month (TTM) EPS was at Rs 21.28 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 24.05. The latest book value of the company is Rs 93.94 per share. At current value, the price-to-book value of the company is 5.45.
Anda sedang membaca artikel tentang
In discussion with Air India to redevelop properties: NBCC
Dengan url
http://kebugaranhidup.blogspot.com/2014/09/in-discussion-with-air-india-to.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
In discussion with Air India to redevelop properties: NBCC
namun jangan lupa untuk meletakkan link
In discussion with Air India to redevelop properties: NBCC
sebagai sumbernya
0 komentar:
Posting Komentar