Expect due diligence report for GMR's Chhattisgarh Unit by this month-end: NLC India

NLC India has posted a mixed quarter. Standalone margins improve even as revenues decline in Q2.

In an interview with CNBC-TV18, SK Acharya, Chairman of the company said the power generation EBIT on a quarterly basis is sustainable. In H1FY18, power generation performance was limited due to higher power surrender, he said.

The company has taken conscious efforts to cut down the cost and there has been no increase in its tariff this quarter as well.

Due diligence for GMR's Chhattisgarh unit is underway and its report is expected to get published by end of this month, he added.

Power purchase agreement (PPA) from Tamil Nadu is key to GMR’s Chhattisgarh unit acquisition, said Acharya.

For full interview, watch accompanying video...