News of an important defence deal that could have been won by a consortium of companies including L&T is doing the rounds. MV Kotwal, Member of L&T Board & President-Heavy Engineering, tells CNBC-TV18 that the company has partnered with Tata Power and HCL for the deal.
Ashwini Kumar Datt, CMD of Bharat Electronics, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, said that the company has been planning to form a new company at a new location to manufacture wafers and modules for the solar cells. He further said that the company hopes to maintain their PBT at over 20%.
In an interview with CNBC-TV18, Ashwini Kumar Datt, CMD, Bharat Electronics says, the company’s current order book is Rs 23,600 crore as against Rs 11,300 crore last year. The company, he says, is targeting revenues of Rs 6,200 crore in FY12.