Transformers & Rectifiers (India) has received Rs 127 crore order from Power Grid Corporation of India for 15 transformers. In an interview to CNBC-TV18, Devendra Kumar Gupta, CFO of the company spoke at length about the same.
Power Grid's Q2 earnings came bang in line with estimates with a mild surprise on margins despite higher employee costs. In an interview to CNBC-TV18's Yash Jain, IS Jha, CMD, Power Grid spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, IS Jha, CMD, Power Grid Corporation of India gave an update on the talks for charging electric cars, the latest happenings in his company and sector.
In an interview to CNBC-TV18, Devendra Kumar Gupta, CFO of Transformers and Rectifiers India and Harshvardhan Dole of IIFL spoke at length about the 'Saubhagya' scheme.
The economy has seen signs of a capex cycle recovery off late with stocks like Larsen and Toubro (L&T) surging over 30 percent in 2017 so far while Voltas has gained 53 percent. On the side-lines of Citi India Investor Conference, Anisha Jain of CNBC-TV18 caught up with Venkatesh Balasubramaniam, Director-Capital Goods and Construction, Citi India and MV Gowtama, the CMD at Bharat Electronics.
Power Grid was under pressure on bourses last week as the street factored in lower return on equity (RoE) after the Central Electricity Regulatory Commission (CERC) proposed to reduce regulated RoE for renewables.
Power Grid Corp is expecting a capex target of Rs 25,000 crore for fiscal year 2017-18, after it posted a stable set of earnings for the third quarter of FY17.
In an interview to CNBC-TV18, Rabindra Nath Nayak, Senior Research Analyst (Power and Capital Goods) at Dolat Capital Group spoke about Rs 4,350 crore order that ABB received from Power Grid for a power transmission link.
In an interview to CNBC-TV18, DC Joshi, ED-Contract Services at Power Grid Corporation of India spoke about the contract that has been awarded to ABB & Bharat Heavy Electricals (BHEL).
Speaking to CNBC-TV18 IS Jha, CMD of Power Grid said the company has projects worth Rs 1 lakh crore in hand and they look forward to invest the projects in the next 3-4 years.
IS JHA, CMD of Power Grid told CNBC-TV18 that the company has already planned funding for its Rs 23,000 capex target.
Power Grid has kept a check on its operational costs by introducing automation in various operations, says Jha. He says the margins are cyclical in nature and may not sustain at current levels in the next quarter.
The company continues to gain orders from Power Grid and several State electricity boards. Although the company is very selective in participating in State orders. Railways, Sharma feels can also be another growth driver for the company.
The company had seen dips in its margins in the previous quarter. Ramachandran says this was due to delays in some of the Bihar orders which were facing land acquisition issues.
In an interview with CNBC-TV18, IS Jha, Chairman and MD, Power Grid Corp of India, talked about the company's first quarter earnings and the company's order book position ahead.
In an interview with CNBC-TV18, IS Jha, Director - Projects and Additional Charge CMD, Power Grid Corporation of India, talked about the company's business performance and the outlook going forward.
Speaking to CNBC-TV18, Manish Mohnot, MD of Kalpataru said that gross margins will stay at around 10.5 percent levels and revenue is expected to grow by 25 percent in FY17.
On the timeline set for commissioning the Kurukshetra project, IS Jha, CMD of Power Grid said, first phase will certainly be commissioned by July-August this year.
The company reported 51.8 percent rise in total income to Rs 248 crore and operational efficiency improved to Rs 28 crore. The EBITDA margins expanded to 11.1 percent.
Speaking to CNBC-TV18, IS Jha, CMD of Power Grid said that the company aims more than Rs 30,000 crore worth of projects to be commissioned in FY17 and expects revenue to improve with more commissioning.
Transformer & Rectifiers looks to bag deals from Power Grid as well, says Jitendra Mamtora, chairman of Transformers and Rectifiers India.
Skipper bagged orders worth Rs 120 crore from Power Grid Corporation on Wednesday to supply transmission towers.
Vimal Kejriwal, MD & CEO of KEC International says KEC's Brazil business was impacted due to the currency issues.
In an interview with CNBC-TV18, IS Jha, Chairman & MD, Power Grid, discussed the company's third quarter earnings.
Anil Gupta, CMD of the company said this order will open up fresh opportunities for the company in future, while highlighting that the margins might take time to improve.