After taking into account a tight macro-economic environment, Bharat Heavy Electrical Ltd (BHEL) has given conservative order inflow guidance at 14,000-15,000 megawatt (MW) for financial year 2012-13.
Bharat Heavy Electricals' (BHEL) provisional Q4 profit rose 15% to Rs 3,208 crore, YoY, its revenues also grew 13% to Rs 20,741 crore. However, order inflow was down 63%, YoY. BP Rao of BHEL says, next fiscal, the company is targeting about 15,000-16,000 megawatts (MW) orders.
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.
Union heavy industries minister Praful Patel is batting for the auto manufacturers on the diesel duty proposal.
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.
Ajay Gupta, Whole Time Executive Director, Commercial Engineers & Body Builders Co (CEBBCO) says the depreciation in the rupee has not affected the company as they do not import bodies from China.
R Shankar Raman, chief financial officer, Larsen & Tuobro speaking to CNBC-TV18 said order inflows from transportation infrastructure sector have picked up unlike power equipments and hydrocarbons segments but broader policy framework needs to be fine tuned.
CEBBCO's Rs 100 crore capex programme got underway to enhance its commercial vehicle body production capacity. CEBBCO plans to fund the capex programme with a term loan of approximately Rs 60 crore and the rest would be from internal accruals, said whole time executive director Ajay Gupta.
For the 800 megawatt boiler tender, Doosan has emerged as lowest bidder, while BHEL is the second lowest bidder, Arup Roy Choudhury, NTPC confirmed. "We expect BHEL to match the lowest bid as rates are quite competitive," he told CNBC-TV18 in an exclusive interview.
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.
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%.
K Ravi Kumar, director of Abhijeet Power Ltd, managing director of JIPL and former chairman BHEL, in an interview with CNBC-TV18's Mitali Mukherjee and Sonia Shenoy, spoke about his reading of the power sector.
GRK Reddy, Chairman and Managing Director of Marg, in an interview with CNBC-TV18’s Gautam Broker and Reema Tendulkar, gave his perspective of the fourth quarter performance and their divulged future plans.
B Prasadrao, the CMD of BHEL, in an interview on CNBC-TV18 spoke about the fairly decent numbers that the company announced in the fourth quarter.
There is a substantial increase in global and local coal prices, however, Arup Roy Choudhury chairman and managing director of National Thermal Power Corporation (NTPC) maintains that the company is confident of being able to meet FY11 guidance of over 3,000mw in FY11.
In an exclusive interview on CNBC-TV18, Ravi Uppal, CEO and managing director of L&T Power says the capacity target for the 11th plan was about 78,000 megawatt but he is confident of hitting 52,000 megawatt. He believes that, “though it is short of what we had targeted, it is substantially more than what we achieved in the last plan.”
In an interview with CNBC-TV18, SC Sekaran, executive director of Hindustan Dorr Oliver said, the company is expecting to secure orders worth Rs 500-600 crore in March and is confident of closing the year with at least Rs 1,400-1,500 crore of order book.
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.
Speaking to CNBC-TV18, chairman BP Rao said the company is on track to achieve its full year order book target of Rs 60,000 crore. "We expect execution pace to continue in FY12."