JG Kulkarni president of IEEMA says debt recast will improve financial viability of SEBs. "It will give a boost to electrical industry where the capacity utilisation today is, on an average, 67 percent," he adds.
Commenting on Crompton’s fears of being on the eye of a storm of falling consumer demand, Anil Gupta, joint managing director of Havells India, trading in the same sector, says the phenomenon will for only last one quarter.
In an interview with CNBC-TV18, SM Trehan and Laurent Demortier, managing director of the company spoke about current issues and future plans.
Heavy electrical equipment manufacturer Crompton Greaves (CG) acquired two companies in the last one month. It bought US based, QEI Inc for an enterprise value of USD 30 million.
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.
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.