Demonetization had no impact on Q3 results: Jha, Powergrid
Sairaj Iyer If results posted by Powergrid corporation are analysed, the country’s premiere power grid ‘central transmission utility (CTU), felt no impact due to demonetization that began on November 8, 2016. On the contrary, the ‘CTU’ has posted a 20% increase in net-profit for Q3 (Oct-Dec 2016) for Rs. 1,930 crore as against Rs. 1,606 crore (Q3 Oct-Dec 2015). At a press conference in Mumbai, IS Jha, the Chairman and Managing Director, appraised the results, highlighting the corporation stock’s financials, performance, and meeting of growth targets. He agreed there could be concerns in the public that demonetization-linked receivables could have impacted the cash-flow for monthly payments. He explained, “I maintain that our customers are nice to us, and are offering timely ...
COAI takes on Telecom Minister over Spectrum
The Dollar Business Bureau Close to the Make in India Telecom Conclave where all the stakeholders and the Government of India have been talking about taking Indian Telecom sector to the next level by manufacturing telecom equipment indigenously and exporting it to Africa and Middle-East nations, the Cellular Operators Association of India (COAI) has expressed its displeasure over a statement made by the Union Telecom Minister, Ravi Shankar Prasad. Speaking at a telecom event on Saturday, Prasad pulled-up private telecom operators not providing adequate service to the customers citing ‘Spectrum’ as the reason and that there needs to be a better monitoring of the existing by the operators to assist customers. The operators also cited difficulty in installation of ...
