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.
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.
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.
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, 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, 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.
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.
Amit Bhatnagar, MD of Diamond Power Infrastructure Limited says Power Grid contributes 25 percent to total orderbook and 20 percent in the exports.
Speaking to CNBC-TV18, IS Jha, Director - Projects and Additional Charge & CMD said he expects revenue growth with a strong order book.
The maximum amount of money which a bank raises, goes directly into the power and housing sectors, Prithvi Haldea, Chairman, Prime Database told CNBC-TV18.
Dole says losing Mandakini block is a sentiment deterrent for Adani Power, but the Jitpur block should help Adani Power tie up coal for its Korba plant
The company holds a 70 percent stake in the JV and is confident of maintaining margins of around 10-11 percent going ahead.
In an exclusive conversation with CNBC TV18‘s Archana Shukla, ABB Global CEO, Ulrich Spiesshofer says the Indian business will grow way ahead of ABB‘s global revenues growth targets of 4-7% in the next 5 years
Four orders have been secured for transmission lines in Tamil Nadu and West Bengal, joint managing director Anant Bajaj said.
The Supreme Court on Monday declared all captive coal blocks allocated since 1993 as illegal.
The company will now try for distribution in Bihar, Punjab, Odisha and other states and are in the process of bidding in Odisha and Bihar said Satish Parakh, MD, Ashoka Buildcon.
RV Shahi, Former Power Secretary says the total generation capacity at the moment is 240,000 MW, whereas the grid is drawing not more than 120,000-130,000 MW.