Tata Power will be the biggest gainer of a decision by the electricity regulator to compensate the utility for losses incurred at its Mundra plant in Gujarat, according to industry officials and analysts.
Adani PowerBSE -0.99 % will also gain but not to the same extent as the Tata Group company, they reckon. In a separate order on tariff norms for the next five years, state-run NTPCBSE -0.43 % is seen as a big loser because of changes in incentives and the system of calculating tariffs.
NTPC later said there were some positive things in the new norms, but its shares plunged to a seven-year low on Monday. In an order issued on February 21, the Central Electricity Regulatory Commission (CERC) allowed both Tata PowerBSE -1.30 % and Adani Power to raise tariffs to compensate for the losses incurred by them in FY13 at projects located in Mundra.
Tata Power ‘to gain most’ from CERC order; NTPC in shock
Both utilities have also been allowed to pass through fuel costs, which could cut Tata Power's loss of close to Rs1,2 ..Read more..
Source: Latest News in Hindi
From ET News
Adani PowerBSE -0.99 % will also gain but not to the same extent as the Tata Group company, they reckon. In a separate order on tariff norms for the next five years, state-run NTPCBSE -0.43 % is seen as a big loser because of changes in incentives and the system of calculating tariffs.
NTPC later said there were some positive things in the new norms, but its shares plunged to a seven-year low on Monday. In an order issued on February 21, the Central Electricity Regulatory Commission (CERC) allowed both Tata PowerBSE -1.30 % and Adani Power to raise tariffs to compensate for the losses incurred by them in FY13 at projects located in Mundra.
Tata Power ‘to gain most’ from CERC order; NTPC in shock
Both utilities have also been allowed to pass through fuel costs, which could cut Tata Power's loss of close to Rs1,2 ..Read more..
Source: Latest News in Hindi
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