Gare Palma Win To Turnaround Jindal Power’s Operations, Says Motilal Oswal  
A worker cycles past signage for Jindal Steel & Power Ltd.’s plant in Raigarh, Chhattisgargh, India (Photographer: Udit Kulshrestha/BloombergKeywords) 

Gare Palma Win To Turnaround Jindal Power’s Operations, Says Motilal Oswal  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Jindal Power Ltd., a subsidiary of Jindal Steel and Power Ltd., has been declared the winner of the six million tonne per annum Gare Palma IV/1 coal block by the Ministry of Coal.

This would substitute e-auction coal purchases by Jindal Power, reducing cost by approximately Rs 900/ tonne on volumes of 6mtpa, implying annual savings of Rs 5.5 billion.

It would increase consolidated earning per share by Rs 4.4 per share (14%) and valuation by ~ Rs 27/share (~8%).

Click on the attachment to read the full report:

Motilal Oswal JSPL Company Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.