Govt should begin execution-phase soon: Thermax

Written By Unknown on Rabu, 25 Juni 2014 | 12.44

MS Unnikrishnan, MD,  Thermax believes the government's decision to club coal, power ministries is a very wise one.

"The government has now started understanding the pros and cons of the industry and it is thinking of what can be done to give a fillip to it," says Unnikrishnan who believes the study of the Gujarat model by power minister Piyush Goyal is both positive and promising.

Also read: Govt asks CIL to improve performance to avoid restructuring

However, now the need is for effective execution from the government and a faster pace in awarding project clearances, adds Unnikrishnan.

Stay tuned for more.

Thermax stock price

On June 25, 2014, at 11:12 hrs Thermax was quoting at Rs 946.30, down Rs 11.95, or 1.25 percent. The 52-week high of the share was Rs 977.30 and the 52-week low was Rs 526.00.


The company's trailing 12-month (TTM) EPS was at Rs 21.23 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 44.57. The latest book value of the company is Rs 178.11 per share. At current value, the price-to-book value of the company is 5.31.


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