In an interview with CNBC-TV18, SM Trehan, MD, Crompton Greaves said that Power Grid's decision to award tenders separately for substations, increases it's the probability because now there are options to participate in the EPC and in the circuit breakers separately.
However, he said that the order book has not grown to it's satisfaction. In the power segment, it had been muted as far as sales and order input are concerned. Thus, he expects the power segment to grow by about 6-8% next year because of the low orderbook position of this yearDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
