Harshvardhan Dole

The centre has cut excise duty on petrol and diesel by Rs 2 per litre and now CNBC-TV18 learns that states have also been asked to review the value added tax (VAT) on petrol and diesel. In an interview, Harshvardhan Dole, Vice President Institutional Equities, IIFL shared his readings and outlook on the same.

Regulator's edict may not hit CESC earnings much: IIFL

Shares of power utility company CESC (Calcutta Electric Supply Corporation) slipped over 6 percent today after the West Bengal electricity regulator disallowed higher coal costs to be passed on, raising potential risks to company‘s earnings.

In boost to revenue visibility, JSW Energy may bag 750MW PPA

Harshvardhan Dole of IIFL said prima facie this deal will help to allay investor concerns.

Govt keen to resolve discom debt issue; may take 1 yr: IIFL

Harshvardhan Dole, Vice President Institutional Equities, IIFL says not only the NPA concern will be resolved for the distribution company, but will also improve the quality of power supply.

'Generation cost at Rs 6.50-7/ unit at landed cost of gas'

Harshvardhan Dole, vice-president, institutional equities at IIFL says the arrangement is such that companies will barely be able to recover operational costs. It will only ensure that companies start addressing project specific debt.

See double digit Adani debt/equity post Avantha deal: IIFL

Adani Power will be acquiring Avantha group's Korba West Power for an EV of Rs 4200 crore. The power plant is a wholly owned subsidiary of Avantha Power.

SC's final verdict on coal blocks unlikely tomorrow: IIFL

Harshvardhan Dole, VP Research - Institutional Equities, IIFL does not expect final judgment by the Supreme Court tomorrow as many companies are in the process of filing affidavits, as suggested by the Attorney General. However, he is confident of the final verdict being announced in a few weeks.

SC ruling may not disrupt operations of power cos: Feedback

According to Chatterjee, the SC ruling is only one more impetus to clean up the system. The apex court has been cautious enough in not deallocating coal blocks and will take the decision on September 1, he adds.

NTPC falls another 3% post CERC norms: How to trade it now?

Analysts expect the company's operational return on equity (RoE) to reduce to 18-19 percent from 23 percent earned in FY13. They feel bottomline may take a knock of Rs 1,100-1,350 crore.

NTPC tanks 11%, hits 7.7-year low on CERC norms

Harshvardhan Dole, Vice President -Institutional Equities, IIFL sees recurring hit of around 15-20 percent on NTPC's EPS FY15 onwards. Analysts feel bottomline may take a knock of Rs 1,100 - Rs 1,350 crore.

Tarriff cut not in interest of sector: former MERC member

Selling power at subsidized rates would hurt cash flows of state electricity boards, which in turn could hurt the financials of merchant power companies that supply power to the SEBs, feels Harshvardhan Dole, Power Analyst of IIFL.

CCEA: IIFL sees no immediate benefit for power producers

In the near term it needs to be seen how well the coal supplies are mobilised and how these companies end up tying the power which will be generated out of these projects, says Harshvardhan Dole.

CCEA's move to aid Adani Power, GMR Infra, Sterlite: IIFL

Speaking to CNBC-TV18, Harshvardhan Dole, vice president institutional equities, IIFL, says one should take a very selective call among gas stocks as some companies‘ valuations have been broken down badly.

Power Grid's valuations make FPO a compelling buy: IIFL

Even from a valuation perspective, the Power Grid FPO makes for a compelling buy, says Harshvardhan Dole of IIFL.

CERC's move pragmatic; stick to defensive NTPC, NHPC: IIFL

Harshvardhan Dole of IIFL told CNBC-TV18 that the CERCs approach to alternate the tariffs was a practical one and that it was better than letting power companies bleed and ultimately shutting down.

PTC, Lanco, Adani to gain from SEB restructuring: IIFL

Once the SEB restructuring is in place and the liquidity in the system improves, companies like PTC, Lanco, Adani and Reliance Infrastructure tend to benefit, said Harshvardhan Dole of IIFL.

FY13 to be a year of consolidation for power sector: IIFL

The power sector has been suffering the most over the last couple of days. In an interview to CNBC-TV18, Harshvardhan Dole of IIFL says, FY13 will be a year of consolidation for the sector.

State electricity board must up end level tariffs: Expert

A longer term worry for those exposed to the SEBs is a recent IIFL report which points out that the finances of SEBs has taken a turn for the worse. Harshvardhan Dole VP Research - Institutional Equities of IIFL, talks about the report that he wrote.