Divestment secretary DK Mittal says NTPC issue is likely in second half of January or early February. He also expects Oil India issue in first half of January. "Oil India issue is likely before NTPC," he adds.
Hindustan Copper plunged 18% in early trade today after the Government set the floor price for its offer for sale (OFS) at a steep discount to the current market price. In an interview to CNBC-TV18, Prithvi Haldea of Prime Database says he is happy that the Government‘s divestment plan has finally begun.
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.
Amul Gabrani, VC & joint MD, Tecpro Systems tells CNBC-TV18 that the company has bagged orders for projects worth Rs 510 crore in India and its Singapore subsidiary won an order to build a coal and ash-handling plant for Hyundai Rotem in Vietnam.
Arup Roy Choudhury, the chairman and managing director of NTPC, believes the penalty on supply defaults will be hiked once Coal India succeeds in ramping up its production capacity.
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.
BG Raghupathy, the CMD of BGR Energy tells CNBC-TV18 that because of land possession issues, NTPC had to defer the order but he is confident of it being released from NTPC before the end of March.
India is in the midst of a massive power crisis with shortage of coal being cited as one of the key reasons. However, speaking to CNBC-TV18, Arup Roy Choudhury, CMD of state-run power generator NTPC said, things have definitely improved in the last couple of weeks.
Diminishing supply of gas and coal are putting pressure on power companies to cut back production. CNBC-TV18 catches up with the chief financial officer of GVK Power & Infrastructure, Isaac George, to get an insight to the situation and the way forward for his company.
MD of Thermax believes that shrinking margins, increasing competition and commodity costs affect all, but they are ‘better placed than other companies in the capital equipment segment.’
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.
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.
Arup Roy Choudhury, chairman and managing director of National Thermal Power Corporation (NTPC) confirmed CNBC-TV18 that the company’s coal blocks will not be de-allocated. He also said that almost 20-25% of their coal requirements would come from their mines in the next four-five years.
In an interview to CNBC-TV18, Arup Roy Choudhury, CMD of NTPC said, the company expects to add 4,500-5,000 megawatts (MW) capacity this year. “We need to add 5,000 MW each year to achieve 12th plan target,” he added.
In an interview with CNBC-TV18, Ashok Punj, managing director of PSL, spoke about the company’s latest order win and the road ahead.
HD Khunteta from Rural Electrification Corpration (REC), in an interview on CNBC-TV18, said that Tamil Nadu board's outstanding amount stands around Rs 8000 crore and it is a part of the government department. Hence, he feels that the state power utility cannot afford to default.
India's largest power company NTPC aims to double growth in power generation this fiscal, said chairman and managing director Arup Roy Choudhury. He is confident of achieving an additional capacity of five gigawatt (GW) this year.
In an interview with CNBC-TV18's Mehak Kasbekar, Arup Roy Choudhury, chairman and managing director of NTPC, spoke about the results and the road ahead for the company.
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.
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.