NTPC remains a safe bet in power space: P Lilladher
Prabhudas Lilladher has come out with its report on power sector. According to the research firm, NTPC is blessed with a robust balance sheet, stringent capacity addition remains a crucial leg. However, in this uncertain scenario, NTPC remains a safe bet.
July 20, 2013 / 12:54 IST
Prabhudas Lilladher's report on power sector
"Commissioning of the 12th plan projects will be heavily dependent on delivery of the BTG players (43 percent - BHEL, 38 percent - China) and financial stability of civil contractors. With clearances on Land and Environment being perceived to be put on a fast-track mode, the total incremental coal requirement would pose a challenge too (420MTs considering a 30:70 ratio of imported and domestic coal). From the generator’s side, the success of 12th plan capacity addition is highly dependent on the private sector’s ability of on-time capacity addition, which is reeling under uncertainties of coal availability and bank funding. On the other side, though NTPC is blessed with a robust balance sheet, stringent capacity addition remains a crucial leg. However, in this uncertain scenario, NTPC remains a safe bet," says Prabhudas Lilladher research report.Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. 
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