The company‘s Alakhnanda Hydropower project of 330 megawatt capacity is expected to start commercial operations next month.
Chatterjee does not see things in the power sector getting better anytime soon despite the reforms proposed by the government
GVK's debt in Mumbai International Airport Pvt. Ltd (MIAL) currently stands at Rs 7,900 crore. MIAL is a joint venture between the GVK led consortium (74 percent) and Airports Authority of India (26 percent).
In an interview to CNBC-TV18, Isaac George, CFO, GVK said that power segment loss is around Rs 50 crore Q-o-Q.
GVK had bagged the Rs 4,000 crore Shivpuri project in 2011 which entailed constructing the 330 kms long national highway in Madhya Pradesh.
GVK Power and Infra is keen to address fuel shortage concerns which may hurt financials in FY14.
The appointment of new road regulator is a welcome move, Isaac George, Dir-Fin & CEO-Transportation, GVK Power told CNBC-TV18 cheering Budget 2013.
Reserve Bank of India today, reduced the repo rate and cash reserve ratio by 25 basis points each. Repo rate, the rate at which banks borrow from RBI, has been cut by 25 basis points to 7.75 per cent.
Isaac George, CFO of GVK Power & Infrastructure said the plant load factor (PLF) of one of the power plants in Andhra Pradesh is operating at about 60 percent due to the shortage of gas.
In an interview to Isaac George, chief financial officer of GVK Power & Infrastructure says, extension of 80IA benefits is good for the power companies. "I believe 80IA benefits need to be extended beyond 2013," he adds.
Isaac George, CFO of GVK Power & Infrastructure says the quarterly earnings from the power sector slipped because Reliance has reduced gas supply. The company is operating at 75% of plant load factors (PLFs) as against 90% for the same period last year.
In an interview with CNBC-TV18, Isaac George, CFO, GVK Power & Infrastructure spoke about the latest happenings in his company.
Speaking to CNBC-TV18 about his budget expectations, Isaac George, CFO, GVK Power, said, the minimum alternate tax (MAT) has risen to 20% and is eating up all the tax benefits enjoyed by infrastructure companies.
Isaac George, CFO of the Hyderabad based infrastructure firm, in an interview on CNBC-TV18 said the power segment was a disappointment which impacted their profits.
In an interview with CNBC-TV18, Isaac George, CFO, GVK Power & Infrastructure said the company is geared up to bag road projects from NHAI.