JP Chalasani, MD and group CEO of Punj Lloyd, says road sector is seeing traction. Also, he adds that there is a slowdown in demand from the oil and gas sector.
Issues relating to clients as well as working capital have been resolved, and the company's performance for the remaining quarters of this fiscal should look up, Chalasani says.
The highway aims at cutting down travel time between Gorakhpur and Gopalganj and Gorakhpur and Patna by reducing congestion and fixing geometric deficiencies at various intersections.
The government's initiative to build independent transmission projects is the prime reason for the company's foray into that space, JP Chalasani, MD and CEO of Punj Lloyd said.
On reports of stake sales JP Chalasani, Managing Director & Group CEO of Punj Lloyd says the company is in the final talks for the divestment of 17 percent in Medanta Medicity and some of its overseas barges.
RPower is in the midst of signinig fuel supply agreement with Western Coalfield Ltd to ensure coal supply at its Butibori plant
With the 3960 MW Sasan Ultra Mega Power Project (UMPP) now generating power, JP Chalasani, CEO, Reliance Power, says the tariff at which the company will be selling to seven states (Madhya Pradesh, Punjab, Uttar Pradesh, Delhi, Haryana, Rajasthan and Uttarakhand) is significantly lower at Rs 1.30 per unit.
JP Chalasani, CEO, Reliance Power says the company‘s 1,200 MW Rosa plant in Uttar Pradesh operated at a high operational efficiency and the plant generated over 2 billion units of electricity in the first quarter.
In an interview with CNBC-TV18, JP Chalasani, CEO, of Reliance Power said that the unit is ready for power generation and is likely to increase its volumes by one and half times its generation capacity in April.
JP Chalasani, chief executive officer of Reliance Power said, the plant load factor (PLF) of its Rosa power was 76% and it generated one billion units in this quarter.
JP Chalasani, CEO, Reliance Power says that Samalkot is the largest gas based capacity plant with a capacity of 2400 MW. In an interview to CNBC-TV18, he gave details of the plant and expectations from the government on gas allocation.
The recent hike in coal prices by the Indonesian government has forced companies to adjust their contracts in line with this rise. JP Chalasani, chief financial officer of Reliance Power tells CNBC-TV18 exclusively that the imported coal price issue is a sectoral problem and that they will find a solution for Indonesian coal price rise.
Reliance Power has declared its FY11 results. In an interview with CNBC-TV18, JP Chalasani, CEO, Reliance Power says, he expects 5,000 mega-watts (MW) to be operational by December 2012.
JP Chalasani, CEO of Reliance Power told CNBC-TV18 that he expects carbon credits to start accruing from January 2013. He also values the certified emission reductions (CERs) at Rs 2,000 crore for 10-years. “At 15 euro if you sell it, it’s about Rs 2,000 crore. It depends upon what price you get at that point of time.