Prashant Vatkar, Managing Director, HIL Limited, points out that overall, the market has been tough. "Our first half results are good, as per our assessment better than competition. Q1 was exceptional but Q2 was not as good though," he shares.
HIL's Aerocon Business has done very well in the H1 growing rapidly against all odds and head winds. Its relatively new division of Aerocon Pipes and fitting launched in Nov 2013 is doing very well and now is one of the significant players. HIL's Charminar Business, which is under pressure due to very adverse market conditions and declining demand, has done better than competition in H1 but below the internal expectations.
"We are closely monitoring the market situations looking for any bright spot to tap into; we are hopeful that the market demand will improve towards the later part of H2," Vatkar adds.
Hitesh Doshi, CMD, Waaree Energies Ltd. shares that during the FY 2015-16, Waaree has executed some big ticket grid tied EPC contracts such as ‘Waaneep', which is a 50 MW Project in Madhya Pradesh. "Another 50 MW Project in Andhra Pradesh would break the ground soon."
Waaree also recently executed a 27.5 MW EPC contract in the Bhadla Solar Park, Rajasthan for Roha Dyechem. In fact, Waaree's total cumulative supplies of solar PV modules has crossed 200MW in this year.
Kaustubh Shukla, Chief Operating Officer, Industrial Products Group, Godrej & Boyce, says that due to nature of the diverse business mix at his organisation, the situation in the last year was a mix of challenges and opportunities.
"We had excellent outcomes in some sectors and faced challenges in some other businesses and product categories. Liquidity has been little bit challenging with many of our institutional customers. Purchase from individual / retail customers has improved. We are also hoping that new investments from institutional customers will improve with time," he adds.
Sanjeev Taparia, Senior VP, Sales and Marketing, National Engineering Industries Ltd (NEIL), shares that NEIL's growth has been at an overall percentage of 17 percent, driven by exports.
Atsushi Okiyama, GM, Business Planning, Bridgestone India, says that his company has been making a steady growth in 2015 so far. "We have also launched an innovative product, ECOPIA series, which are fuel-efficient and enable us to embody Bridgestone's Environmental Mission Statement of "To help ensure a healthy environment for current and future generations."
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