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Adani Enterprises today announced commencement of its ambitious integrated coal mine developer-cum-operator (MDO) operations with the start of coal production at the Parsa East-Kente Basin mine in Chhattisgarh, owned by Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RRVUNL)
If we favour a tariff hike, we will be criticised for favouring Adani Group. In case we don't, the power sector troubles will mount, and hit potential investments
We will take a final call on the earnings and valuations of Adani Power after April 30 once we have clarity on 'compensatory tariff'. Every 10p per kilo watt hike leads to 14-28 per cent earnings upgrade for FY14-15 earnings and adds Rs 3 per share to the NPV. Our current estimates do not factor in the dilution due to the announced preferential allotment of promotersMore quotes »
Around the web
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Sensex ends slightly higher; power, capital goods jump
Indian equities settled marginally higher on Friday. Power, capital goods, realty and banking stocks gained ground. At the close, the benchmark 30-share index, BSE Sensex gained 38.79 or 0.19% at 20,286.12 with 16 components registering rise. Meanwhile, from MyIris.com Read more »
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Brokers’ Call: Adani Power may Touch Rs 35: Nomura
Nomura has maintained its 'Reduce' rating on Adani Power with a target price of Rs 35.It said medium and longer-term earnings outlook for APL continues to hinge on the final outcome of regulatory and legal events relating to PPAs and fuel sourcing; the ' from Economic Times Read more »
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Counting the cost of India’s blackouts
(Any opinions expressed here are those of the author and not necessarily of Reuters) Is it better to pay more money for more electricity, or keep prices low and look forward to blackouts that will conk out offices, factories and homes in India? That is t from Reuters Blogs Read more »
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Buy Adani Power; resistance seen at Rs 51: Mohindar
Rahul Mohindar, Director of viratechindia.com told CNBC-TV18, " Adani Power has been quite a challenging stock to trade in clearly when we look at the last two or three years of performance just pricewise hasn’t been very promising, hard to call bottoms from Moneycontrol.com Read more »
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Brokerages maintain 'sell' on Adani Power, stock down
Like this story, share it with millions of investors on M3 Brokerages are negative on Adani Power post its dismal fourth quarter (January-March) earnings. It reported consolidated net loss at Rs 586 crore as against net loss of Rs 285 crore in a year ago from Moneycontrol.com Read more »
