Will be a tough year for power sector this year: SN Roy, L&T

In an exclusive interview with ET Now, SN Roy Director, Senior EVP of Power, Minerals & Metals, L&T spoke about various topics ranging from the successful bidding for the Rs 3860 crores from Neyveli for setting up of three boilers. He also spoke on why 2016 will be a difficult year for the power sector.
ET Now: That is a sizable order. Tell us what is it entail, what is the time line and when does it start reflecting on your books.

SN Roy: This is order for Rs 3860 crores for three boilers that is 3×660 megawatt in UP, a place in UP Ghatampur through a giant venture of Neyveli Corporation and UP Government. And this is a boiler as in run with the latest technology.

And this is an order which will be completed in 46 months for the first unit, 52 months for the second unit and 58 months for the third unit. This is against world-wide competition and we have won it after long time.We are lucky to have this order.

ET Now: Can you give me a sense on how many deal or order wins you had within the power vertical in this financial year?

SN Roy: This financial year has been bad. This is you can take it as the first order, of course, apart from that we have some export orders roughly about 500 crores to export to Indonesia and Japan, certain export orders in power sector but, however, there has been no further orders in this financial year and there are no orders coming in the future also even for bidding purposes. So it is a difficult time as of now on the thermal power sector. And this year we will not be so good.In an exclusive interview with ET Now, SN Roy Director, Senior EVP of Power, Minerals & Metals, L&T spoke about various topics ranging from the successful bidding for the Rs 3860 crores from Neyveli for setting up of three boilers. He also spoke on why 2016 will be a difficult year for the power sector.
ET Now: That is a sizable order. Tell us what is it entail, what is the time line and when does it start reflecting on your books.

SN Roy: This is order for Rs 3860 crores for three boilers that is 3×660 megawatt in UP, a place in UP Ghatampur through a giant venture of Neyveli Corporation and UP Government. And this is a boiler as in run with the latest technology.

And this is an order which will be completed in 46 months for the first unit, 52 months for the second unit and 58 months for the third unit. This is against world-wide competition and we have won it after long time.We are lucky to have this order.

ET Now: Can you give me a sense on how many deal or order wins you had within the power vertical in this financial year?

SN Roy: This financial year has been bad. This is you can take it as the first order, of course, apart from that we have some export orders roughly about 500 crores to export to Indonesia and Japan, certain export orders in power sector but, however, there has been no further orders in this financial year and there are no orders coming in the future also even for bidding purposes. So it is a difficult time as of now on the thermal power sector. And this year we will not be so good.

read more…

Share

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *


*