Sameet Chavan, Chief Analyst-Technical Derivatives at Angel Broking Pvt Ltd, says although there is no sign of a reversal, one should not be too gung-ho or complacent with the current momentum.
In an interview to CNBC-TV18, Devendra Kumar Gupta, CFO of Transformers and Rectifiers India and Harshvardhan Dole of IIFL spoke at length about the 'Saubhagya' scheme.
The Spencer's Retail business is doing well. Despite GST impacting sales in first quarter, the sales in next few quarters are expected to be robust, said Sanjiv Goenka, Chairman of RP-Sanjiv Goenka Group & CESC
The economy has seen signs of a capex cycle recovery off late with stocks like Larsen and Toubro (L&T) surging over 30 percent in 2017 so far while Voltas has gained 53 percent. On the side-lines of Citi India Investor Conference, Anisha Jain of CNBC-TV18 caught up with Venkatesh Balasubramaniam, Director-Capital Goods and Construction, Citi India and MV Gowtama, the CMD at Bharat Electronics.
The market is expecting CESC to go through a restructuring process but the company‘s Chairman Sanjiv Goenka said the board did not discuss this aspect in the meeting today. He said consultants are reviewing the restructuring exercise and will present to board soon. They are also evaluating various options of restructuring, he added.
In an interview to CNBC-TV18, Devansh Jain, Executive Director of Inox Wind, talked about the company's order book, getting repeat orders from CESC's subsidiary, and why he expects better margins on newer orders going forward.
Sanjiv Goenka, Chairman, CESC in a press conference on Wednesday said they expect to garner around Rs 750 crore from Rajasthan operations and are committed to a capex of Rs 150 crore.
In an interview with CNBC-TV18, Sanjiv Goenka, Chairman of CESC says that the company will not remain the group's subsidiary for a long time.
Speaking to CNCB-TV18, Sanjiv Goenka, Vice-Chairman of the company said that there was a slight uptick in the sale of power in the quarter gone by.
The company reported a loss of Rs 490 crore at a net level for FY15 which reflected in its results.
Dole says losing Mandakini block is a sentiment deterrent for Adani Power, but the Jitpur block should help Adani Power tie up coal for its Korba plant
CESC‘s total capacity now stands at 2,500 MW, while power purchase agreement (PPAs) for 250 MW have already been signed, says company‘s vice chairman Sanjiv Goenka.
Sanjiv Goenka VC, CESC in an interview to CNBC-TV18 said the funds raised via Qualified Institutional Placement (QIP) would entirely be used for further capex.
The power project costs for both Chandrapur and Haldia were impacted by rupee deprecation said Sanjiv Goenka, Vice Chairman, CESC because when the project started, the rupee dollar parity was at 45/USD whereas today it is around 63/USD.
Sanjiv Goenka, Vice Chairman of CESC told CNBC-TV18 that their sales were up about 5.3 percent while profits rose 38 percent owing to improved plant load factor or PLF and lower costs.
Sanjiv Goenka, vice-chairman, CESC explains to CNBC-TV18 that investors' concerns about the company's foray into the BPO and retail sectors complement the company's core-business of power generation.
Sanjiv Goenka of CESC told CNBC-TV18 the company will acquire 49.5% equity in FirstSource Solutions for Rs 280 crore.CESC is scheduled to buy 5% each from three FirstSource shareholders including ICICI, Temasek and Fidelity. Thereafter, CESC would provide an open offer at Rs 12.10 per share.
Sanjiv Goenka, vice chairman, CESC said, CESC is open to investing in back-end infrastructure of its unlisted retail subsidiary Spencer's.
Sanjiv Goenka, vice chairman of CESC, said that the power sector still continues to be a good play but power projects are not a good play to begin with. As far as Ultra Mega Power Projects are concerned, Goenka said that the company may partner with Shanghai Electric for the same.
Sanjiv Goenka, vice chairman of CESC, joins CNBC-TV18 to discuss the quarterly figures for the company and highlight the future of the industry.
Sanjiv Goenka, the younger son of billionaire industrialist Rama Prasad Goenka, today unveiled a new corporate identity for the companies controlled by him.
Sanjiv Goenka, Vice Chairman, CESC speaking to CNBC-TV18, spoke about the quarterly performance of the company. He said the generation has been higher than last year and the demand was higher by 7% than last year.
Power utility CESC is looking to sell a 20% stake in the special utility vehicle called Haldia Energy. The SPV will house three projects one each at Chandrapur, Haldia project and the Orissa.