N Sivaraman, president and whole-time director of L&T Finance Holdings spoke to CNBC-TV18 about the latest happenings with the company and the way ahead.
The Supreme Court today ruled in favour of NTPC with regard to the bid by Ansaldo Caldaie Boilers, a joint venture of the Italian company and Gammon India, after a two-year tender dispute with the state-run power producer.
The seventh edition of the CNBC-TV18 India Business Leader Awards celebrated the spirit of achievement and excellence in business leadership in India.
In a CNBC-TV18 exclusive, AM Naik says that the global economy is in a challenging enviornment and that L&T is unlikely to see 15% order-book growth.
It has been long since Indian companies had hit the alarm button of a growth slowdown and now here it is. Its official that Indian economy is not growing but infact has contracted to a 28-month low of negative 5.1% in October.
L&T's construction division has bagged orders worth Rs 2,700 crore in October and November 2011. SN Subrahmanyan, Whole-time Director and Senior Executive VP at L&T said that these orders have been secured across all the four segments of the construction division. Moreover, Subrahmanyan maintain the 5% order inflow growth guidance for FY12.
R Shankar Raman, chief financial officer, Larsen & Tuobro speaking to CNBC-TV18 said order inflows from transportation infrastructure sector have picked up unlike power equipments and hydrocarbons segments but broader policy framework needs to be fine tuned.
The selection committee unanimous selected the youngest son of Shapoorji Pallonji, Cyrus P Mistry, to be the new successor to Ratan Tata as the deputy chairman of Tata Sons. AM Naik, chairman and managing director of L&T indicated that Cyrus Mistry being a young leader would bring in long-term stability for Tata Group.
CEBBCO's Rs 100 crore capex programme got underway to enhance its commercial vehicle body production capacity. CEBBCO plans to fund the capex programme with a term loan of approximately Rs 60 crore and the rest would be from internal accruals, said whole time executive director Ajay Gupta.
For the 800 megawatt boiler tender, Doosan has emerged as lowest bidder, while BHEL is the second lowest bidder, Arup Roy Choudhury, NTPC confirmed. "We expect BHEL to match the lowest bid as rates are quite competitive," he told CNBC-TV18 in an exclusive interview.
For the July-September quarter, Larsen & Toubro has reported that it has got orders worth over Rs 1000 crore which will take the total order book of the company to Rs 90,500 crore.
BGR Energy has emerged as lowest bidder for NTPC's 800 MW tender. In an interview to CNBC-TV18, BG Raghupathy, CMD of BGR Energy Systems confirmed the same. He sees 15% turnover growth this year over the last year.
Indian engineering conglomerate Larsen & Toubro has appointed R Shankar Raman as its new chief financial officer. In an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, Raman spoke about the latest happenings in the company and the road ahead.
Uday Phadke of Mahindra & Mahindra and N Sivaraman of Larsen & Toubro talk about the impact it will have on their respective companies while Abizer Diwanji of KPMG gives his perspective on this development.
CNBC-TV18’s Latha Venkatesh talks to V Vaidyanathan, Vice Chairman & Managing Director of Future Capital and Ak Purwar, industry expert to get their reaction and talk about the effect of the Draft Guidelines for licensing of new banks in the private sector.
KV Rangaswami, Whole-time Director & President - Construction Chennai, L&T talks to CNBC-TV18 about the new orders they have bagged from Tata Steel and Indiabulls Power. The total new orders stand at Rs 1,610 crore.
Engineering and construction major, Larsen & Toubro is quite bullish of a brilliant next quarter. whole time director and chief financial officer YM Deosthalee said this would be on the back of a strong order book.
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.
GRK Reddy, Chairman and Managing Director of Marg, in an interview with CNBC-TV18’s Gautam Broker and Reema Tendulkar, gave his perspective of the fourth quarter performance and their divulged future plans.
In an exclusive interview on CNBC-TV18, Ravi Uppal, CEO and managing director of L&T Power says the capacity target for the 11th plan was about 78,000 megawatt but he is confident of hitting 52,000 megawatt. He believes that, “though it is short of what we had targeted, it is substantially more than what we achieved in the last plan.”
L&T will demerge or sell all its assets under Rs 500 crore, said Chairman AM Naik, who expects to complete the restructuring of the company into focussed verticals by March 12,2012.
In an interview with CNBC-TV18, Rohit Modi, deputy MD of Gammon India said there should be fair competition in the NTPC deal and the company should be given a chance to participate in it.