Speaking to CNBC-TV18, Vinayak Chatterjee, chairman, Feedback Infra says most of the CCI announcements were largely focused on the power sector and the government is moving in the right direction.
According to Subrahmanyan, the Rs 1,504 crore worth projects aquired by the company are focused more on electrification and power transmission segments. Also, he adds that the company is bidding for more projects in west Asia region.
Amol Rao of Anand Rathi Institutional Research told CNBC-TV18 that BHEL still stands a very good chance of wining a significant portion of available power projects. However, he expects BHEL stock to remain under pressure despite order wins.
Among group companies, L&T Finance Holdings is most likely to apply for banking license, CMD YM Deosthalee clarifies.
Larsen and Toubro is aiming to build an order book Rs 2000 crore over next two years, welcomes talks of hiking FDI limit in defense to 49 percent.
The new defence procurement policy is mainly to make defence procurement transparent and also promote the domestic industry.
Capital goods companies needs to focus on export post rupee fall especially when demand in domestic market is abysmally low due to sullen economic enviornment, says K Ravi Kumar, Former BHEL Chairman
In an interview to CNBC-TV18, Raman said that currently, Future Generali's market share is around 1.72 percent and is likely to go upto 1.82 percent post the deal
In an interview to CNBC-Tv18, Kishore Biyani, CEO, Future Group said, his company‘s general insurance business has been doing fairly well and is cash positive.. By divesting stakes in various non-core verticals, he aims to bring down debt levels of the company
R Shankar Raman, Whole-time Director and CFO of Larsen and Toubro said the past 24 months has made the competitive landscape more intense. He also added that they have witnessed pressure on margins from the pricing end.
CNBC-TV18 honours India Inc‘s top chief financial officers (CFOs) in a gala even in Mumbai. The CFO of Larsen & Tubro, Shankar Raman won the best CFO of the year award. In a special interview to CNBC-TV18, Shankar Raman says, staying optimistic was the only key to survive in this difficult business environment.
Parag Parikh ED & CFO, Gammon Infrastructure Projects, says that the company has posted cash profit of Rs 122 crore for nine months in FY13.
avy engineering and construction major Larsen & Toubro expects government spend on infra development to pick up soon. R Shankar Raman, CFO,L&T in an interview with CNBC-TV18 said that the company is getting good orders from civil construction space.
In an interview to CNBC-TV18, MS Unnikrishnan, managing director, Thermax, gives his expectations for the company's performance.
In an interview to CNBC-TV18, R Shankar Raman, chief financial officer, L&T says clearance of Banking Bill is a positive.
In an interview to CNBC-TV18, SN Subrahmanyan whole-time director & senior executive vice president, L&T construction, gave the details of the new orders secured by L&T worth Rs 1,063 crore.
News of engineering and construction major Larsen and Toubro (L&T) buying fresh stake in Astra Microwave was doing the round. However, B Malla Reddy, Managing Director of Astra Microwave refuted any such claims and said L&T already has around 9.6 percent stake and they haven‘t bought fresh stake in Astra Microwave.
Following Larsen and Toubro Construction‘s announcement that it has bagged orders worth Rs 1,241 crore in September, the company‘s Whole-Time Director & Senior Executive Vice President SN Subrahmanyan said that more positive outcomes are expected going forward.
BG Raghupathy, CMD, BGR Energy explains to CNBC-TV18 that a high order book as compared to last year has helped the power company navigate the economic slowdown, reduction in PSU orders thanks to coal-allocation and land acquisition problems, damage caused by Chinese imports and drying up of offers from the private-sector.
In an interview with CNBC-TV18, K Venkatramanan, MD & CEO of L&T said the company is hopeful of a reasonably strong order inflow cycle for India and the non-core divestment process to continue in the near term. At present, L&T is focusing on improving margins and operational excellence.
Ravi Uppal, President, L& T Power, says that a 10% differential duty would have been more appropriate step taken by the cabinet.
In an interview to CNBC-TV18, SN Subrahmanyan, whole-time director & senior executive vice president, L&T talks about the latest happening in his company and sector.
News of an important defence deal that could have been won by a consortium of companies including L&T is doing the rounds. MV Kotwal, Member of L&T Board & President-Heavy Engineering, tells CNBC-TV18 that the company has partnered with Tata Power and HCL for the deal.
Ashok Kumar Khurana from the Association of Power Producers tells CNBC-TV18 that the government should aim to keep power costs low so that it is affordable for everyone.
Chairman and managing director of BGR Energy, BG Raghupathy tells CNBC-TV18 that they are likely to submit bids for NTPC's order of 11 boiler tenders by the end of February.