Demand is slowly picking up and by next year the capacity will increase by 10 percent, says JSPL's K Rajagopal.
JSPL Board had approved the buyback offer on August 30 and fixed a price of Rs 261 per share for the offer to be conducted through stock exchanges.
The recent tariff hike in Tamil Nadu has come as a relief to Lanco Infratech which is confronted with delayed payments from various state electricity boards. The company believes a similar hike in other states will help the company improve receivables.
Prime Minister Manmohan Singh approved a plan wherein Coal India would sign a fuel supply agreements (FSA) with power plants. The FSAs will be for the full quantity of coal for a period of 20 years