Bajaj Electricals has secured fresh orders worth Rs 518 crore in the Engineering and Projects (E&P) division.
Not participating in any low-margin orders at this point
Shekhar Bajaj
Chairman & MD
Bajaj Electricals
In an interview to CNBC-TV18, Shekhar Bajaj, CMD of Bajaj Electricals , said the company has received eight orders for rural electrification in the Madhya Pradesh region. The company's order book stands at Rs 3,178 crore as on September 13, which is at the highest-ever level.
Bajaj said that orders have been coming too fast for the company, hence the management has consciously decided on slowing down on the order intake as it wants to focus more on the execution aspect.
Bajaj Electricals is targetting Rs 1,500 crore of revenues in FY15 and may earn Rs 500 crore (revenue) from the E&P project in H1FY15. Bajaj said the company is not participating in any low-margin orders currently.
Bajaj Electric stock price
On September 15, 2014, at 09:25 hrs Bajaj Electricals was quoting at Rs 289.00, up Rs 11.70, or 4.22 percent. The 52-week high of the share was Rs 384.80 and the 52-week low was Rs 156.00.
The latest book value of the company is Rs 70.58 per share. At current value, the price-to-book value of the company was 4.09.
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