IVRCL aiming to build order book of 20-25 pc from overseas market

HYDERBAD: IVRCL Infrastructures & Projects Ltd, a city-based infra company, is bullish on getting foreign projects and aiming to build an order book of 20 to 25 per cent from oversees market, a top company official said on Monday.

The company said it bagged three projects worth approximately Rs 1,975 crore -- two from Kingdom of Saudi Arabia and one from Nepal -- as mark of its first entry into international projects.

IVRCL bagged two water transmission projects worth Rs 1800 crore in Saudi Arabia and a Hydro-electrical project worth Rs 175 crore in Nepal.

"The company is hoping to get one more similar project from Saudi Arabia worth Rs 800 to Rs 900 core," E Sudhir Reddy chairman IVRCL said.

Reddy said he looks at IVRCL's entry into the international projects initially through its core strength area, water sector and subsequently into other sectors.

"With this entry, the company has plans to build an order book of over 20-25 per cent from overseas projects, besides targeting diversification into new regions," he said.

"We are hoping to get one more water project worth Rs 800 to Rs 900 crore in Saudi Arabia soon," Reddy said adding currently they are looking at 10 more oversees projects in different parts of the world.