State electricity boards (SEBs) deteriorating financials have made recoveries difficult, says Anil Sardana, managing director of Tata Power.
Earlier this week, the company approved a proposal to change its benchmark pricing for non-coking coal to gross calorific value from the current useful heat value. Analysts are mixed about the impact of the new pricing policy, as other worries such as wage hikes, Mining Bill, and use of cash reserves, persist.