Power sector remains to be on the headlines. Oil Ministry, Power Ministry and Coal Ministry have been witnessing a triangular fight over the future availability of fuel for the power companies.
At this point in time, Suhas Harinarayanan, co-head of research at Religare Capital Markets suggested the companies or stocks that have reliable availability of coal and are able to benefit of very high strong merchant tariffs for the next 12-18 months.
While Harinarayanan is positive on Jindal Steel and Power because of it has captive coals, he has a negative stance on Tata Power at this point in time.
Moreover, he indicated that Coal India could have a structural de-rating. In an interview, he told CNBC-TV18,
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