Speaking to CNBC-TV18 on his outlook for the sector, K Ravi Kumar, ex chairman, Bharat Heavy Electricals Limited (BHEL) says the export space is more lucrative for companies than Indian markets as there is more demand for gas turbines, heat recovery steam generators, etc.
BGR Energy recently bagged an order from Iraq for 500 megawatt power plant valued at USD 246 million. A Swaminathan said since current scenario in India doesn‘t seem to augur well for power plant manufacturers, the company is looking outside for new projects.
In an interview to CNBC-TV18, PR Easwar Kumar, CFO of BGR Energy spoke about company's results for Q1 of FY14.
On news on BGR Energy pulling out of a contract with NTPC, A Swaminathan, director, BGR says the company did not "pull out" of it but decided not to extend the offer.
On the backdrop of implementing large contracts, BG Raghupathy, chairman and managing director, BGR Energy Systems is optimistic of the company‘s performance in the days to come.
BG Raghupathy, CMD, BGR Energy explains to CNBC-TV18 that a high order book as compared to last year has helped the power company navigate the economic slowdown, reduction in PSU orders thanks to coal-allocation and land acquisition problems, damage caused by Chinese imports and drying up of offers from the private-sector.
The CMD of BGR Energy BG Raghupathy says that the Cabinet‘s decision to impost a 21% import duty on power equipments will help level the playing field for Indian companies.
In an interview to CNBC-TV18, PR Easwar Kumar, chief financial officer of BGR Energy Systems says that the company has bagged two orders from NTPC.
Ashok Kumar Khurana from the Association of Power Producers tells CNBC-TV18 that the government should aim to keep power costs low so that it is affordable for everyone.
Chairman and managing director of BGR Energy, BG Raghupathy tells CNBC-TV18 that they are likely to submit bids for NTPC's order of 11 boiler tenders by the end of February.
The Supreme Court today ruled in favour of NTPC with regard to the bid by Ansaldo Caldaie Boilers, a joint venture of the Italian company and Gammon India, after a two-year tender dispute with the state-run power producer.
BG Raghupathy, the CMD of BGR Energy tells CNBC-TV18 that because of land possession issues, NTPC had to defer the order but he is confident of it being released from NTPC before the end of March.
BGR Energy has bagged a significant order worth Rs 1700 crore from TRN Energy today and expects the revenue recognisation will should start next year.
BGR Energy has reported profit down by nearly 33% in the second quarter even as net sales fell 32% year-on-year. Speaking to CNBC-TV18, Shankaralingam, managing director, BGR Energy Systems says that the revenue loss was a one-off due to the extended monsoon.
BGR Energy has come under the scanner for tax evasion. The directorate general of Central Excise Intelligence has booked a case of tax evasion against the company. PR Easwar Kumar, chief financial officer of the company clarified that they will not have any liability at the end of the proceedings.
BGR Energy has emerged as lowest bidder for NTPC's 800 MW tender. In an interview to CNBC-TV18, BG Raghupathy, CMD of BGR Energy Systems confirmed the same. He sees 15% turnover growth this year over the last year.
In an interview with CNBC-TV18, Rohit Modi, deputy MD of Gammon India said there should be fair competition in the NTPC deal and the company should be given a chance to participate in it.