View Point
Dhruv M. Sawhney, CMD, Triveni Turbine Ltd
“The ongoing global energy crisis is also likely to hasten the energy transition through renewable sources and methods, thereby providing immense opportunities for companies like ours. The company is also actively strengthening its product portfolio in the domestic and international API (active pharmaceutical ingredients) markets. This includes energy efficient drive turbines with single stage and multi-stage designs.”
Dhruv M. Sawhney, Chairman & Managing Director, Triveni Turbine Ltd (Triveni Turbines) was quoted in a release discussing the company’s performance during Q2 and H1 of FY23. (See related story)
Sunil Mathur: MD & CEO, Siemens Ltd
- Aug 4, 2022
“The strong performance was across all our businesses and included a significant order in our mobility business. While we are currently not experiencing a slowing down in public and private capex spending, we are concerned about global headwinds impacting demand which could result in a slowdown in capex spending.”
Sunil Mathur made this comment while announcing the company’s financial performance for the quarter ending June 30, 2022, when it announced its highest-ever order backlog of over Rs.17,000 crore.
Natarajan Chandrasekaran, Chairman, Tata Power
- Jul 7, 2022
“Tata Power is looking to scale its generation capacity to over 30 GW by FY27 from current 13.5 GW with an increased clean energy portfolio from current levels of 34 per cent to 60 per cent by 2027 and 80 per cent by 2030.
Bhushan Sawhney, Executive President, Polycab India
- May 28, 2022
“We have revered our long-term association with IEEMA, which is why Polycab India Ltd was the main sponsor of the IEEMA Buildelec exhibition conducted at BIEC, Bangalore. Power ministry officials graced the event with engaging seminars on each of the three days.
The well-laid-out display showcased our unmatched credentials in cables for oil & gas, railways, telecom sector etc. Also, on display were our innovative and unique products like eco-friendly Polycab Green Wires, IGNIS Fire Survival Cables and Hohm – Smart home automation solutions.
Bangalore is a promising market for Polycab with immense potential for its wide range of products, from wires and cables to smart home solutions.”
Bhushan Sawhney, Executive President & Chief Business Officer (Cables), Polycab India Ltd expressed this view shortly after the Distribuelec 2022 event organized by IEEMA in Bengaluru, during May 25-27, 2022. Distribuelec also included Buildelec – an exposition on building electrical systems.
Vimal Kejriwal, MD & CEO, KEC International
- May 3, 2022
“We have delivered a steady performance for the year. While we are pleased with the impressive growth in order intake and developments on the strategic front, we had a challenging year in terms of revenue and profitability, in the face of challenging global headwinds and adverse commodity prices.
In line with our strategy of portfolio diversification, our revenue share of non-T&D businesses has increased to 50 per cent this year vis-à-vis 42 per cent last year. Our Railway and Civil businesses continued their growth momentum as they expanded their portfolio in new and emerging segments. Our Cables business demonstrated an exemplary performance by clocking its highest ever revenues and profitability. With the softening of commodity prices recently, thrust on execution, robust order book + L1 of over Rs.28,000 crore and a strong tender pipeline, we are confident of an improved performance going forward.”
Vimal Kejriwal was so quoted in an official release announcing the company’s financial results for FY22.
Vipul Ray, President, IEEMA
- Mar 25, 2022
“It is a proud moment for the country to cross this landmark, in which the contribution of electrical equipment and allied industry is approximately 3 per cent, which is up by 1 per cent from the last year. If the naturally available resources or grown products are deducted from total exports of India, then the share of this industry is approximately 4 per cent.
Raghavendra Mirji, Senior Vice President, Godrej Electricals & Electronics
- Jan 10, 2022
“The announcement of Union Cabinet’s approval of Rs.12,000-crore Green Corridor Phase-2 project, which will facilitate the integration and evacuation of renewable energy from seven states is of great significance in achieving the ambitious target of 500 GW of Renewable energy by 2030.
N. Venu, MD & CEO, India and South Asia, Hitachi Energy
- Jan 4, 2022
“We are seeing green shoots of recovery in core sectors – mainly government-owned metals and oil and gas industries.
Animesh Damani, Managing Partner, Artha Energy Resources
- Dec 24, 2021
“The rooftop solar sector has suffered the most significant CY 2021 due to the proposal to limit net metering.
Shreegopal Kabra, Managing Director & Group President, RR Global
- Dec 23, 2021
“The wires and cables industry in India witnessed a significant growth of 10 per cent last year. Having always been an essential part of the manufacturing industry and with the added impetus provided by the recently introduced government initiatives, the wires and cables industry is now set to record a growth of 10-15 per cent in 2022. With the country’s increased focus on various sectors such as infrastructure, healthcare and affordable housing, the demand for wires and cables have increased significantly.
A recent report by KPMG highlights that India’s manufacturing GVA grew to Rs.16.9 lakh crore in FY20 at an average growth rate of 9.7 per cent since FY12. The industry is further backed by strong government-led initiatives such as the PLI scheme, Atmanirbhar Bharat, 100 Smart Cities etc. which is paving way for the industry to grow and create more job opportunities for this sector as well. Furthermore, according to a recent report, the real estate industry is all set to reach a market size of $1 trillion by 2030 and will contribute 13 per cent to the GDP by 2025. This indicates a larger growth potential for the wires and cables industry and the ability to cement its name in the global manufacturing industry.”
Shreegopal Kabra was expressing his views, in a company statement, on prospects for the wire and cable industry for 2022 and beyond.