Sebs

Nothing will change unless state electricity boards are revamped

Opinion | UDAY Scheme: It's high time state governments said 'let there be light'

State governments continue to hesitate in taking tough measures to improve power scenario in their states keeping political interest ahead

Kalpataru Power expects rail order book to double in FY17

Speaking to CNBC-TV18, Manish Mohnot, MD of Kalpataru said that gross margins will stay at around 10.5 percent levels and revenue is expected to grow by 25 percent in FY17.

See 10% growth in FY17 topline; orderbook good: KEC Intl

KEC International delivered a good set of fourth quarter numbers and going forward too, Rajeev Aggarwal, CFO of the company is confident of delivering a 10 percent growth in FY17 topline over FY16.

See Nifty earnings growth @ 8% in FY16, 20% in FY17: IIFL

Prabodh Agrawal of IIFL Institutional Equities has sharply reduced this year's Nifty earnings estimate to 8 percent from 16-17 percent at the beginning of the year

Will compensate SEBs; cheaper power for Mumbai likely: CM

The government will pay the SEBs Rs 7200 crore and there are plans to make power cheaper for Mumbai too, the Chief Minister of Maharastra Prithviraj Chavan said in an interview to CNBC-TV18.

Loans to power distribution cos at Rs 10,000 cr: UCO Bank

UCO Bank is planning to sell bad loans worth Rs 1,900 crore from 100 more accounts to clean its balance sheet. The bank has already sold NPAs worth Rs 300 crore in the last quarter.

CERC draft norms to impact NTPC, Power Grid most: CARE

Revati Kasture, Head of Research, CARE Ratings says with stricter operational and maintenance norms coming into play and tax benefits slated to be passed on to the consumer, NTPC would see a deceleration in its RoE.

Panel to decide tariff hike for Mundra plant: Adani Power

Representatives of power and distribution companies will unanimously decide the quantum of tariff increase from power plants being fed with expensive imported coal.

Expect order on Tata Power, Adani Power cases soon: CERC

Pramod Deo, chairperson, CERC, says that the hearing process is complete and the orders on petitions moved by Tatas and Adanis seeking higher tariff for electricity generated from their imported coal-fired projects in Gujarat will be announced soon.

IIFL expects power sector to perform well over 6-12 months

"Power stocks are underperforming due to routine profit booking," says Harshavardhan Dole, analyst, IIFL in an interview to CNBC-TV18. Dole expects the power sector to perform well over the 6-12 months, as the sector heads into recovery.

SJVN sees total outstanding at Rs 140cr; better cash flows

In an interview to CNBC-TV18, R P Singh, CMD, SJVN Ltd spoke about the cash flow situation visavis the UP power corporation and the road ahead.

NIM maintenance & restructuring likely in Q3: Union Bank

In an interview to CNBC-TV18, SS Mundra, executive director, Union Bank explains how they have managed to keep their net interest margins at around 3%.

Mkt in upward trend; time to book positions: Experts

Sudarshan Sukhani of s2analytics.com feels there is a position on the long side and the market is clearly witnessing an upward trend. He further added, "We are searching for entry points to add to our positions on Monday, Tuesday on a small dip."

SEB debt recast to boost electrical industry: IEEMA

JG Kulkarni president of IEEMA says debt recast will improve financial viability of SEBs. "It will give a boost to electrical industry where the capacity utilisation today is, on an average, 67 percent," he adds.

May receive Rs 300cr from Tamil Nadu SEB soon: GMR Infra

The government has cleared Rs 2 lakh core debt restructuring proposal for state electricity boards. Raaj Kumar of GMR Infra says Tamil Nadu owes significant amount to the company, in the region of Rs 600-700 crore. "We expect to receive this money soon, as soon as next month only," he adds.

Power Grid keen to secure state electricity boards payment

Power Grid Corporation of India (PGCIL) wants to de-risk itself from delayed payments by state electricity boards (SEBs), whose weak credit profile is a concern for the power utility company.

Union Budget 2012: What infra companies are looking forward to

After the beating infrastructure companies got in 2011, hopes are that the FM will help alleviate stress and give a thrust to the space this Budget.

Problem not with power offtake, but with SEB payment: NHPC

CNBC-TV18 catches up with ABL Srivastava, chairman and managing director of NHPC to find out what the industry woes are at this point and how it’s going to look like from here on.

Asset quality likely to improve in H2FY12: Bank of India

Like its peers, asset quality has been a key concern for public sector lender, Bank of India (BoI). However, N Seshadri, executive director, Bank of India expects to see a significant improvement in the asset quality in second half of FY12.

Shunglu panel recommends SPV to buy-out bank loans of SEBs

SK Tuteja, panel member of the Shubglu Committee spoke to CNBC-TV18 about the recommendations made and the possible solutions to issues of the power sector.

SP Tulsian on power & infra stocks, GTL, Aptech

SP Tulsian of sptulsian.com spoke to CNBC-TV18 about stocks in news today. Check out his comments.

Union Bank of India stops fresh loans to troubled sectors

According to S S Mundra, executive director of the bank, it has stopped lending to troubled sectors like power, aviation, and commercial real estate in the last 6-7 months. The bank has recently set up a pilot collection centre for recovery of loans in Bangalore.

Jump in provisioning pulled down profits: Bank of India

Bank of India has posted a net profit of Rs 491 crore, far below street expectations. A CNBC-TV18 poll had pegged the figure at Rs 603 crore. “This is on account of a jump in provisioning against NPs for the quarter,” says Alok Kumar, chairman and nmanaging director, Bank of India.

SEBs reforms unlikely without political will: Suresh Prabhu

Suresh Prabhu, former power minister during the NDA regime, said, "We definitely need political will to bring reforms in state electricity boards (SEBs) and that is how we have started the process of reforming State Electricity Boards in 2003."