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Home » News » Business

Feb 24, 2009, 07.20 PM | Source: CNBC-TV18

Indowind Energy eyes about Rs 12-14cr PAT by June 09

KV Bala, Chairman, Indowind Energy, is targeting around Rs 12-14 crore PAT for year ending June 2009.

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Indowind Energy eyes about Rs 12-14cr PAT by June 09

KV Bala, Chairman, Indowind Energy, is targeting around Rs 12-14 crore PAT for year ending June 2009.

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KV Bala, Chairman, Indowind Energy

KV Bala, Chairman, Indowind Energy , is targeting around Rs 12-14 crore PAT for year ending June 2009.

Here is a verbatim transcript of the exclusive interview with KV Bala on CNBC-TV18. Also watch the accompanying video.

Q: Can you take us through how the order book looks at this point in time, what you might do in terms of revenues in FY10 itself?
 
A: We are a Independent Power Producer (IPP), we have completed some of the projects whatever we promised in the last year in time and the projects have started giving good revenues. Whatever the agreements are, they are tied up for a long term twenty-year and thirty years horizon so we have enough comfortable position to sell whatever has been producing. Even on the new project side, we have been growing steadily, even in market recessions that is going on today globally, we are very comfortable and even the banks have been talking to us for the further expansion funding and things like that.
 
Q: You have done a project in Karnataka which is 9 megawatt, what else have you done? You do power sector, green power project, asset resource management, value addition services what is the percentage breakup and have you done anything beyond this 9 megawatt?
 
A: In Tamilnadu we added about few projects in the last one year and recently also for this week, we are adding about 2 megawatt which will be going for commissioning. Value addition in Carbon Emission Reduction (CER) and in other areas where we have hidden revenue or incentivised revenue is there for the sector totally so that we have been the first company which has got this UNFCCC accreditation carbon credit and whatever projects we are setting up, carbon credit processing is going on there. Now another 9 megawatt is coming in for Karnataka for which we got a sanction for about 76 crore loan and we are trying to complete that as early as possible.
 
Q: So you might end next year with what kind of an EPS?
 
A: Our year ending is June so in June 2009 we are looking at a figure of around 12-14 crore PAT and maybe after that we will grow further.

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Indowind Energy eyes about Rs 12-14cr PAT by June 09
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