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Amit Bhatnagar, MD, Diamond Power Infrastructure said infusion of money by Chinese investor, Jiangsu Longzhe will be used to increase capacity utlisation.
The board of Diamond Power will meet on May 16 to consider various debt realignment options, including re-organization of the business, to consider a Rs 825 crore proposal from an investor, to offer 51 percent stake to a "strategic investor", it informed the exchanges today.
Diamond Power expects to clock revenue of Rs 2800 crore and hopes a net-profit Rs 80 crore in the fiscal year 2017, Amit Bhatnagar MD of the company told CNBC-TV18 in an interview today.
Amit Bhatnagar, MD of Diamond Power Infrastructure Limited says Power Grid contributes 25 percent to total orderbook and 20 percent in the exports.
Amit Bhatnagar, managing director of Diamond Power Infra is confident of the company ending FY15 with 20 percent growth revenues.
In an interview to CNBC-TV18, Amit Bhatnagar, MD, Diamond Power Infrastructure, said the flood in the plant and capacity constraints have impacted the conductor business during the quarter. He expects EBIT margins to stay in the range of 10-11 percent for the next two quarters.
Amit Bhatnagar, managing director, Diamond Power Infrastructure in an interview to CNBC-TV18 spoke about the latest happenings in the company.
Amit Bhatnagar, MD of Diamond Power Infrastructure, in an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, spoke about the recent happenings in his company and the road ahead.
