WASHINGTON: Nikhil Kumar, MD, TD Power expects around 65 to 70 percent of revenues from its manufacturing business to come from exports. The company’s exports, especially to Japan, US and Europe, have been rising, Kumar told CNBC TV18.
TD Power has guided for 5 to 10 percent growth in revenues in the current fiscal, with EBITDA margins remaining unchanged at 11-12 percent. The manufacturing business has been the major driver of revenues for TD Power, contributing around Rs 187 crore in the first half of this fiscal. With their EPC business still expected to lose Rs 10 – Rs 12 crore of losses, they plan to wind it up by end of year.
