Merchant power prices to stay high; steel sector outlook positive: JSPL's Uppal
Jindal Steel and Power Limited (JSPL)
is in focus as reports indicate that plant utilisation at India’s coal plants
are running at a 3-year high as hydro, nuclear output falls. Lower rainfall in
southern & western states led to decline in hyower generation.
Moreover, the Plant utilisation
at coal-fired stations has risen to 58 percent in August versus 51.6 percent
year on year. All this has pushed up spot power prices.
Upbeat on the outlook for the
power and steel sector going forward Ravi Uppal, MD & CEO, JSPL, said the higher
demand for power has led to merchant power prices moving up and they are
expected to stay at higher levels for at least next few months.
According to him, the power
demand is more than .....