Power surcharge in Delhi has now been hiked - the rates have gone up from 6 to 8 percent depending on which distribution companies delivers power. This will effectively take power tariffs higher.
RV Shahi, Former Power Secretary says the total generation capacity at the moment is 240,000 MW, whereas the grid is drawing not more than 120,000-130,000 MW.
Terming as "fair" the power draft regulations put out by it recently, Central Electricity Regulatory Commission (CERC) Chairman Gireesh Pradhan said the rationale behind the draft was to tighten operational norms for power companies.
In an interview with CNBC-TV18, Choudhury said the company would be able to meet investors‘ expectations and pointed out the regulations were still in the draft stage and that it would communicate its views to the regulator.
Abhineet Anand, Power Analyst, Quant Capital, spoke with CNBC-TV18 on the impact of the CERC draft regulations on NTPC and other power companies.
NTPC chairman Arup Roy Choudhury told CNBC-TV18 that in the second half of FY14, availability of fuel will see substantial improvement.
Tecpro Systems has an order book that can last it for more than a year hence the company is concentrating on completion of these projects.
Coal India eyes a production target of 482 million tonne for FY14 and the coal off take target of 492 million tonne, which it is confident of achieving by the end of the year, says CMD S Narsing Rao.
Despite coal shortage issue last year BHEL garnered around almost 8000-8500 megawatts of orders. This year too it should be able to garner around 6000 MW, largely lead by central and state government utilities, says Amol Rao of Anand Rathi.
According to NTPC's Arup Roy Choudhury, their coal imports are progressing on track. The company's FY14 capex plans stand at Rs 20,200 crore, he adds.
In an interview to CNBC-TV18, Sanjeev Prithani, Joint MD, Brahmaputra Infrastructure said that the company hopes to get 10-15% margin from Rs 5300 crore-NTPC order.
NTPC will sign the fuel supply agreement with Coal India ending a long drawn battle on Friday after Coal India‘s board clears the agreement says NTPC chairman Arup Roy Chowdhury.
Salil Garg of India Ratings said, “Only on those power generators or those new Independent Power Producers (IPPs) who are not operating on the cost plus model and those who have either bid on a fixed price basis and they are unable to pass through the increased cost of the imported coal back to the consumers, will be impacted by this decision.â€
Speaking to CNBC-TV18 about its differences with Coal India, NTPC CMD Arup Roy Choudhury said the company is not sure if the coal giant has the ability to meet the power sector's growing demand.
S Narsing Rao, CMD of Coal India, is optimistic that issues with NTPC on the quality of coal can be sorted out.
State run NTPC seems to have ironed out issues with Coal India (CIL) over clauses laid out in the new fuel supply agreement (FSA). Despite NTPC stating that it will finally sign agreement with CIL, there is still no clarity on whether changes have been incorporated in the agreement.
SP Tulsian of sptulsian.com, says that NTPC OFS has been a successful issue. However, it is interesting to note that till 3.15 pm OFS had received close to about 95 crore shares and inlast 15 minutes 40 crore odd shares were sold at an indicative price of Rs 146-146.50.
"Power stocks are underperforming due to routine profit booking," says Harshavardhan Dole, analyst, IIFL in an interview to CNBC-TV18. Dole expects the power sector to perform well over the 6-12 months, as the sector heads into recovery.
Narsing Rao, chairman of Coal India said, in an interview with CNBC-TV18 that meeting the offtake targets for the year would be a bigger challenge than achieving production goals
Dhirendra Tiwari, research head, Antique Institutional Equities, says that right now NTPC is seeing more of a technical climb down and the stock will perform once the issue is over. The growth story of the company still remains intact.
Divestment secretary DK Mittal says NTPC issue is likely in second half of January or early February. He also expects Oil India issue in first half of January. "Oil India issue is likely before NTPC," he adds.
Hindustan Copper plunged 18% in early trade today after the Government set the floor price for its offer for sale (OFS) at a steep discount to the current market price. In an interview to CNBC-TV18, Prithvi Haldea of Prime Database says he is happy that the Government‘s divestment plan has finally begun.
BG Raghupathy, CMD, BGR Energy explains to CNBC-TV18 that a high order book as compared to last year has helped the power company navigate the economic slowdown, reduction in PSU orders thanks to coal-allocation and land acquisition problems, damage caused by Chinese imports and drying up of offers from the private-sector.
Amul Gabrani, VC & joint MD, Tecpro Systems tells CNBC-TV18 that the company has bagged orders for projects worth Rs 510 crore in India and its Singapore subsidiary won an order to build a coal and ash-handling plant for Hyundai Rotem in Vietnam.
Arup Roy Choudhury, the chairman and managing director of NTPC, believes the penalty on supply defaults will be hiked once Coal India succeeds in ramping up its production capacity.