We have pioneered technologies that continue to set the standard for quality and reliability.
“The Government’s decision to give an early regulatory nod for transmission scheme of renewable power is a welcome move for developers.
“We appreciate the government’s intention to invest Rs.100 lakh crore into infrastructure in the next five years. This will ensure long term growth for the infrastructure sector and spur national development, including improving people’s lives through better amenities and facilities.
The Budget has given a significant boost to the infra sector with a proposed capex of Rs.100 lakh crore over five years. Enhancing PPP in railways, station modernisation, focus on RRTS and DFCs, development of regional airports and provision of 1.95 crore homes by 2022 augurs well for us. Also, glad to see the Government’s continued focus on One Nation One Grid. I look forward to the much-needed power sector reforms package. Initiatives like BharatNet to bridge the rural-urban digital divide and thrust towards EVs & charging stations are expected to provide ample business opportunities.
(Vimal Kejriwal’s reaction to the Union Budget 2019 presented on July 5, 2019)
“Quarter 3 has been very exciting for us, where our net sales has achieved double digit growth of 22 per cent with Rs.1087.48 crore as compared to Rs.888.66 crore in the same quarter last year. While strengthening our distribution network further and concentrating in expanding retail segment, our target is to achieve an overall growth of 20 per cent this financial year. Continuously meeting the industry demand, our first phase of LT power cable has been completed in Pathredi and second phase of HT power cable expansion will be completed by February-March 2019. We are also expanding our house wire business and thus bought a piece of land in Silvassa, which will add more to the business. The overall performance of the company is in line with our goals for this year.”
(Anil Gupta is commenting on the company’s financial results of the third quarter (October to December) of FY19)
“We are elated with CCEA’s inclination towards boosting domestic module and cell manufacturing in the country, by allocating 12 GW of PV projects exclusively to domestic players.
“Honorable Finance Minister of India Mr. Arun Jaitley would be presenting an interim budget on February 1, 2019. Our expectation from the interim budget would be that it focus on policy direction of the government rather than just on expenditure. The finance ministry should announce the road map to bring down corporate tax to 25 per cent in the coming years.
I am convinced that digitally-connected transformers will become the norm and that the Sensformer® will replace the transformer like the smart phone has replaced the cell phone.
“This is a proud moment for us. We have been involved in this project since 2016. With the completion of the first phase of the 6,000 MW +/-800kV UHVDC project, braving difficulties posed by the Covid-19 pandemic, we will enable clean and reliable power for millions of people in the country. We are strongly committed to supporting the Government’s mission to bring 24/7 reliable power to all.”
(Commenting on the completion of the first phase of the Raigarh-Pugalur UHVDC project.)