In an interview to CNBC-TV18’s Reema Tendulkar and Nigel D’Souza, Anurag Mundra, Joint MD at Ujaas Energy spoke from the sidelines of the Valorem Week Analyst Conference 2017 about the order received from Indraprastha Gas and also spoke about their order pipeline going forward.
In an interview to CNBC-TV18, Anurag Mundra, Joint MD & CFO of Ujaas Energy said that rumours regarding mismanagement and auditor commentary are absolutely incorrect.
Anurag Mundra, Joint Managing Director and Chief Financial Officer at Ujaas Energy, said that margins may have slipped as solar power operations generated lesser electricity due to monsoon. He added that going ahead the company plans to commission 80MW worth solar energy in FY17.
The company currently has 25 megawatt of orders and bid-book of around 85 MW, said Anurag Mundra, Joint MD & CFO, Ujaas Energy.
For the first time, funds of this scale have been assigned to the solar sector in any country, said Anurag Mundra, Joint Managing Director and Chief Financial Officer of Ujaas Energy.
The company's growth trajectory is looking exciting this year given the accelerated push for solar fields by the government, says Anurag Mundra, Joint MD and CFO, Ujaas Energy.
Solar policy will help cut equipment costs and make setting up of new solar plants economical, says Ujaas Energy's Joint Managing Director and CFO Anurag Mundra.
Speaking to CNBC-TV18, Anurag Mundra, Joint MD and CFO said that with this order the company has an orderbook of 40 MW and has made bids for 180 MW worth of projects.
Anurag Mundra, Joint Managing Director and CFO, Ujaas Energy said the power plant is of 9 megawatt capacity and will be operational within 6 months.
Speaking to CNBC-TV18, Anurag Mundra, Joint Managing Director and CFO, Ujaas Energy says that rooftop projects for supply of 40 Gigawatts energy can be achieved by strengthening distribution network over the 200 million Indian households.
In an interview to CNBC-TV18, Anurag Mundra, joint MD & CFO of Ujaas Energy, said the company has set up the 12 MW capacity as part of its tax planning. It has also been earning revenues from the plant.