Denying all the speculations of cancelled coal blocks being awarded to Coal India, its chairman NC Jha says that the company is all set to hike wages due from July 1, 2011. Jha says, "The company may hike prices in order to compensate for wage hike." The company is set to take a call on the price hike by the end of June.
In an interview with CNBC-TV18, B Hariharan, Group Director (Finance) of Avantha Group, gave his perspective of the third quarter performance and their divulged future plans.
ML Pachisia, MD, Orient Papers & Industries, in an interview with CNBC-TV18’s Mitali Mukherjee and Sonia Shenoy, spoke about the recent happenings in his company and the road ahead.
The transmission lines of Udupi power plant of Lanco Infratech is not yet ready and is believed to affect the billing of the company. J Suresh Kumar chief financial officer of Lanco Infratech says that the company won't be generating electricity for lack of evacuation infrastructure and hence, there will be no billing until then.
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.
Vinod Juneja, MD of Binani Cement, in an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, gave his analysis on the budget and the how would it impact his company going forward.
Speaking to CNBC-TV18 about his budget expectations, Isaac George, CFO, GVK Power, said, the minimum alternate tax (MAT) has risen to 20% and is eating up all the tax benefits enjoyed by infrastructure companies.
Partha S Bhattacharyya, Chairman, Coal India expects production of 447 million tonne in FY12.
Speaking to CNBC-TV18, Chairman Partha S Bhattacharyya confirmed fears that the company may end with the lower than targetted 460 million tonne for the current fiscal.