Dole says losing Mandakini block is a sentiment deterrent for Adani Power, but the Jitpur block should help Adani Power tie up coal for its Korba plant
Aptel in July had allowed Tata Power and Adani Power to recover dues from procurers on account of unforeseen rise in import cost of fuel
Harshavardhan Dole, VP- Institutional Equities at IIFL is of the view that one may buy Tata Power Company.
Harshavardhan Dole, power analyst at IIFL is of the view that one may prefer Power Grid, NTPC and Tata Power from Power space.
Investors in these two stocks are concerned about the cash flow impact than profit impact of this scrutiny, says Harshavardhan Dole, power analyst, IIFL.
Harshavardhan Dole of IIFL is hopeful that over the next couple of quarters, there will be some realignment of tariff for power companies. He believes there has been substantial cost under recovery both in terms of fuel as well as capital cost for these companies.
Harshavardhan Dole, Power Analyst at IIFL is of the view that Tata Power Company may touch Rs 100.
IIFL analyst Harshavardhan Dole says that the conclusion of the case-1 bidding and the new guidelines allowing generating companies to pass on costs to the end-user are key to the setting of coal prices. Dole tells CNBC-TV18 that he expects a decision regarding the pooling of prices to be announced soon.
Tata Power, Power Grid and NTPC are top picks in power space, says Harshavardhan Dole, Analyst, IIFL.
NTPC has target of Rs 170, says Harshavardhan Dole, Analyst, IIFL. It has been one of the most efficient power generators in India, so pickup in capacity addition and assurance of coal supply will ensure that their earnings will compound at least at 10 percent over the next two-three years.
Harshavardhan Dole, IIFL told CNBC-TV18 that he prefers mid cap power companies like CESC, GIPCL and SJVN compared to riskier private sector companies like Adani, JSW and Lanco.
Harshavardhan Dole of IIFL said that there may or may not be further headroom for the stock depending on PNGRB‘s next plan of action. He said that if PNGRB does not file an appeal with the Supreme Court, there could be a definite upside for IGL.
In an interview with CNBC-TV18, Harshavardhan Dole of IIFL said that there is a possibility of PNGRB challenging the order in the Supreme Court. According to Dole, there is not much to be predicted about the stock at the moment and whether the positivity on the IGL stock continues or not, depends on PNGRB's next move.
PNGRB has knocked the gas out of city-gas supplier IGL as it fixed the company's new tariffs at a much lower-than-expected level, reports CNBC-TV18's Nayantara Rai.