January Index of Industrial Production (IIP) was strong at 7.5 percent and capital goods showed a sharp increase by 14.6 percent. In an interview to CNBC-TV18, MS Unnikrishnan, MD of Thermax gave a check of the ground realities.
In an interview to CNBC-TV18, MS Unnikrishnan, MD of Thermax and Anil Gupta, CMD of KEI Industries spoke about the teething problems occurring post the implementation of goods and services tax (GST) and how long it will last.
Traction in orders in India have been seen in the food industry, beverages, automobile, and auto ancillary, said MS Unnikrishnan, MD, Thermax.
Confident of seeing an improvement in the topline in FY18, said MS Unnikrishnan, MD & CEO, Thermax.
Have bought 4 lakh shares of L&T Finance Holdings at an average price of Rs 80 per share, over a period of time, said Harsh Mariwala, Chairman, Marico.
In an interview to CNBC-TV18, MS Unnikrishnan, MD of Thermax said that 18 percent goods and services tax (GST) should certainly bring down tax rate.
Speaking to CNBC-TV18's MS Unnikrishnan, MD & CEO of Thermax said Brexit will have short-term ramifications.
Thermax MD MS Unnikrishnan said the industry may not see a full recovery in sectors like power, cement, steel, oil and gas and fertilisers.
MS Unnikrishnan, MD at Thermax points out that orders carried into the current year were substantially lower and new order inflow has also been subdued.
In CNBC-TV18's special series -- 'Ideas for India' -- Shankar Raman, Director-Finance, L&T; Anil Sardana, MD, Tata Power and MS Unnikrishnan, CEO, Thermax India talk about their Budget expectations on infrastructure spending by the government.
According to Unnikrishnan, MD, Thermax, exports would only bounce back when global investors were confident of stability in economies world over.
The company is currently preparing to make Indonesia its base of operations in the South-East Asian market.
On future acquisitions, Unnikrishnan says Thermax is focusing on biomass and alternate energy recourses for inorganic growth, both domestically and internationally
In an interview with CNBC-TV18, MS Unnikrishnan, Managing Director of Thermax said that they do not have major market share in Greece and won't be impacted majorly by the crisis.
The overall capacity utilisation of the company is hovering around 60-65 percent.
MS Unnikrishnan, managing director, Thermax, says the sectors whose growth is dependent on government policies- like power, steel, cement, oil and gas will see orders pick up post a year and a half.
MS Unnikrishnan feels the new government should bring policy-conducive environment to ease land acquisition. There‘s a need to cut down on the number of clearances for projects and interest rates should be lowered to prop up the investment climate.
The current good run is based on the calculations by the market that investment cycle is going to catch on. However, there has been no change on the ground level, says MS Unnikrishnan.
The company‘s margins are unlikely to improve in the second half of this financial year unless orders pick up, says MS Unnikrishnan, MD, Thermax.
Growth in key economic sectors like cement, steel and refinery continues to be sluggish, says MS Unnikrishnan, MD, Thermax.
MS Unnikrishnan, MD, Thermax says rupee depreciation makes export orders competitive for capital goods companies and one can help combat increasing input costs by that.
In an interview to CNBC-TV18, MS Unnikrishnan, MD, Thermax speaks on winning their petrochemical order of Rs 1700 crore. He expects the project to be completed in 29 months.
Thermax, Chief Information Officer- Anil Nadkarni speaks to moneycontrol.com on how he navigates through the various IT challenges that he faces and the role of cloud.
Capital goods industry mirrors slowdown in steel, cement and infra sectors
Capital goods maker Thermax does not see recovery in orderflow in near term.