ICICI Securities: Thermal Power Sector In Dire Straits 
A plane flies beyond a smokestack of the closed coal-fired NTPC Ltd. Badarpur Thermal Power Station in Badarpur, Delhi, India (Photographer Prashanth Vishwanathan/Bloomberg)

ICICI Securities: Thermal Power Sector In Dire Straits 

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.

ICICI Securities Report

Given the global macro challenges in thermal power sector, GE group has taken a decision to exit the newly built coal power market.

This puts the operations of the domestic listed entity GE Power India Ltd. in jeopardy as it is dependent on the parent in terms of pre-qualifications for boilers and utility grade flue gas desulphurisation orders.

Currently, the Indian entity is in talks with the parent to resolve the situation amicably, which we believe, will come at a cost.

Click on the attachment to read the full report:

ICICI Securities Capital Goods Thermal Projects Sector Update.pdf

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