The RBI has sent bankers the list of 12 stressed accounts that they must resolve through the Insolvency and Bankruptcy Code (IBC).
Speaking to CNBC-TV18, Anshula Kant, CFO of State Bank of India (SBI) says that the bank will have to reevaluate its real estate assets as per the new guidelines.
D Datar, CFO of ABG Shipyard expects government orders to flow in coming days.
Strategic stake sale is imminent, is the word coming in from D Datar, ED & CFO, ABG Shipyard. He is looking for strategic investors into the business. He also gives his view on shipyard business in India.
The company has just announced that they have got a repeat order from the defence ministry worth Rs 485 crore to build a cadet training vessel for the Navy. Dhananjay Datar, CFO, ABG Shipyard spoke to CNBC-TV18 regarding the repeat order and why it is prestigious."
India's largest private shipyard, ABG Shipyard has been delivering about 15-16 ships every year from the past three years. In FY12 as well, the company delivered 15 ships, chief executive officer D Datar told CNBC-TV18.
ABG Shipyard chief financial officer, D Datar, tells CNBC-TV18 that the order from Shipping Corporation of India is a very valuable order and that they are very happy to add them as a client.
D Datar, chief financial officer of ABG Shipyard joins CNBC-TV18 to talk about the company’s financial performance in the quarter.
Navratna public company, Shipping Corporation of India, is planning to buy stakes in shipyards like Bharti Shipyard and Pipavav Shipyard. In an interview with CNBC-TV18's Gautam Broker and Soniya Shenoy, S Hajra, chairman and managing director of Shipping Corporation of India spoke about the company's stake buying ventures.
ABG Shipyard has received a Rs 970 crore order from the Indian Navy for construction of two cadet training ships. In an interview with CNBC-TV18, D Datar, CFO, ABG Shipyard says this is the first order from Indian navy, it is a defence order.
D Datar, CFO of ABG Shipyard tells CNBC-TV18 that EBITDA shrink in Q4 was mainly due to servicing the Coast Guard which does not draw subsidy. The project is nearing completion, and hence, the subsidy is expected to go up, he says.
In an interview with CNBC-TV18, D Datar, CFO, ABG Shipyard, speaks about the results and gives his outlook.