While in the market today, power stocks are zooming ahead on the positive sentiment sent across, there is a question on whether the willingness will be backed by framework. However, HD Khunteta, CMD of Rural Electrification, in his exclusive interview with CNBC-TV18, remains confident on the measures.
SEBs are likely to see reforms after news reports said that the government is keen on cutting power lending companies like REC, PFC and PTC India's losses. In an interview on CNBC-TV18, power minister Sushil Kumar Shinde talks about what set those power stocks on fire yesterday.
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.
In an interview with CNBC-TV18, HD Khunteta, Director Finance, REC said the company will be able to sustain 25% top-line, bottom-line growth compared to previous year.
A longer term worry for those exposed to the SEBs is a recent IIFL report which points out that the finances of SEBs has taken a turn for the worse. Harshvardhan Dole VP Research - Institutional Equities of IIFL, talks about the report that he wrote.
HD Khunteta, Director-Finance of Rural Electrification Corporation, in an interview with CNBC-TV18’s Mitali Mukherjee and Sonia Shenoy, spoke about their recent fund raising plans and the road ahead.
Commenting on his budget expectations, HD Khunteta of REC said, the cap for infra bonds should be raised to Rs 50,000. "This will be beneficial to the infrastructure sector as well as power sector, which is part of the infrastructure."
In an interview with CNBC-TV18, HD Khunteta, Director Finance, Rural Electrification Corporation (REC), spoke about the latest happenings in his company and sector.