We are pleased that we have ended the year with growth both in terms of revenue and profitability, amidst unprecedented times. Our geographical and business portfolio diversification is paying off well in the current environment. Railways and our core T&D business have been the primary growth drivers this year.
Smart metering is crucial to India’s energy policy as it helps real time monitoring of energy consumption, help discoms in load curtailment and improving the billing cycle, help customer to plan the consumption smartly and efficiently, and enables the grid-integration of renewables.
The company has a significant pan-India presence in the retail division and has achieved phenomenal progress in this segment over the past few years.
India is one of the most promising markets for CHCI, not just to meet its growing local power demand, but also with regard to serve globally-oriented OEM – may they be located in India or abroad.
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)