Deepak Parekh Committee

Tata Power rallies 2.7%, CLSA sets target price at Rs 123

The brokerage house feels Deepak Parekh Committee report if approved will be a big positive for the company. 50 paise/kWh compensation will add Rs 17 per share plus value for Mundra, says CLSA.

CERC seeks discom nod over compensatory tariffs quantum

The Deepak Parekh panel had recommended a compensatory tariff of 45-55 paise for its 4,000 MW Mundra plant and a tariff increase to the tune of 60 paise for its 4,620 MW Mundra plant.

Credit enhancement fund to guarantee bonds in mkt: IIFCL

SK Goel, CMD of IIFCL said the company is starting the credit enhancement facility whereby it is starting the first project which will guarantee bonds in market. However, he feels the product being a new one will take some time to settle in the market.