The government is allowing private players into the nuclear energy space. But are adequate safeguards being planned?
With plans to decentralise the nuclear sector, promote private sector involvement, and repurpose de-coaled and ageing thermal plant sites, the government is pushing for legislative and policy changes to meet its emission and energy affordability goals.
Small nuclear plants could be sited on locations not suitable for larger nuclear power plants with minimal risks as compared to a conventional nuclear reactor.
The company is planning to raise upto Rs 3562.5 crore through various instruments. It said that fund raising is to enhance long term resources to support growth potential and to have option to raise capital at an appropriate time.
UBS sees strong revenue growth and margin expansion with a view that recent concerns about market share losses in India is overblown.
The company‘s chairman Vivek Chaand Sehgal was speaking to CNBC-TV18 where he discussed the company‘s acquisitions and future direction.
VC Sehgal, chairman, Motherson Sumi says, in an interview to CNBC-TV18, that the order book is healthy while the levels of consolidated debt reduced considerably during the quarter.
After Indian market rallying high in the past couple of trading sessions, Sandeep Singal of Emkay Global feels the midcaps will keep the Nifty in the range of 5900-6100. He feels there are no real triggers that can break the 6100 range of the market.
As Motherson Sumi's biggest customer Maruti is coming out of trouble, Vice Chairman Vivek Chaand Sehgal said that the company will deliver 40% return on capital employed (ROCE) as promised. Morover, he indicated that the car sales in Europe were not impacted by the prevailing uncertainties.
Many companies in India are struggling due to the economic slowdown around the world, mainly in European nations. However, Motherson Sumi Systems is not one of them.