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.
Below is a verbatim transcript of the interview. Also watch the accompanying video. Q: Let me first start off by addressing this execution problem that many capital goods makers are facing at this point, what is your understanding of what is driving it? Is it that there is not enough capital? Or is there a problem from the government flow through side? What is causing so much of a delay in execution for capital goods companies? A: As far as the capital goods is concerned, there is an issue of labour crunch at construction sites. Supply is okay, but as far as the fielders, fitters, bar vendors and carpenters at various project sites are concerned, there is a huge labour shortage there. People donDiscover 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!
