NK Jain, Vice Chairman of JSW Energy told CNBC-TV18, the poor financial health of state electricity boards (SEB) is the most critical issue facing the power sector. According to him, tariff hikes are imperative for improving the condition of distribution companies or discoms.
NK Jain, vice chairman, JSW ENERGY, says that better realisations and soft imported coal prices helped in the third quarter. Merchant tariffs have been higher than estimates for the Q3. Barmer plant contributed positively to Q3 profits.
In an interview with CNBC-TV18, NK Jain, Vice Chairman of JSW Energy said merchant prices have been quite good in the quarter ending June and was responsible for the overall profitability of the company. He also expects the merchant prices to be above Rs 4.25-4.35 for the year.