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.
State-owned Power Grid Corporation of India Ltd (PGCIL) reported a 20.54 percent rise in its standalone net profit at Rs 1,448.04 crore for the quarter ended September 30 on higher income from operations.
Rajeev Aggarwal, CFO, KEC International, says lower commodity prices and currency depreciation in Brazil hit revenues.
In an interview with CNBC-TV18, RK Nayak, Chairman & Managing Director (CMD) of Power Grid said the company will continue to report steady numbers in the coming quarters.
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.
Vimal Kejriwal, MD & CEO, KEC International accounted robust performance in the company's core Transmission and Distribution (T&D) businesses and lower commodity prices as reasons to their growth.
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 World Bank has expressed an interest in funding the solar transmission for Power Grid and the company may finalize on a USD 500 million loan in the next six months from it, according to CMD RN Nayak.
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
The large-cap power utility firm has no intention of any equity dilution in coming days. The company raised Rs 5,321 crore during FPO last year, of which Rs 2,000 crore is yet to be utilised.
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.
Power Grid's Raichur-Solapur line has been connected to national grid. RN Nayak, the CMD says there were four trippings in the first week. Two were to increase reliability and were done intentionally, and the other two were because of a few glitches. For the last month there has been no tripping.
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.
Abhineet Anand, Power Analyst, Quant Capital, spoke with CNBC-TV18 on the impact of the CERC draft regulations on NTPC and other power companies.
With this, the government of India holding of 69.42 percent will come down to 57.89 percent, CMD RN Nayak said.
Despite winning orders of just Rs 2,300 crore in Oct-Nov, L&T believes the company is in line with its order book guidance. L&T has received orders in various segments and is quite satisfied with its performance.
RN Nayak, Chairman & MD, Power Grid, says capitalization is more than Rs 7,000 crore as on date. According to him, it is sufficient to take a view for the whole year.
RN Nayak, CMD of Power Grid Corporation of India told CNBC-TV18 that it has reviewed the capex of the plan and have found that the capex is increasing from Rs 100,000 crore to Rs 110,000 crore.
Jitendra Mamtora, CMD, Transformers and Rectifiers India, says in an interview to CNBC-TV18, says that distribution companies continue to pose problems for the company. Mamtora adds that the company plans to post a revenue of over-Rs 700 crore and EBITDA margins of close to 8 percent for FY14.
N Nayak, CMD, Power Grid Corporation of India, says on CNBC-TV18 that the company will not cut capex and increas it focus on boosting income from the consultancy business
"Power stocks are underperforming due to routine profit booking," says Harshavardhan Dole, analyst, IIFL in an interview to CNBC-TV18. Dole expects the power sector to perform well over the 6-12 months, as the sector heads into recovery.