GUVNL’s Bid - Coal India Marks Entry In Solar; NTPC Remains Competitive: ICICI Securities

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

In the latest round of auctions conducted by Gujarat Urja Vikas Nigam Ltd. (Gujarat discom) to set up 500 megawatt grid-connected solar photovoltaic projects, Coal India Ltd. made a surprise entry.

Out of nine participants, the winners included NTPC Ltd., Sprng Energy, Coal India and Tata Power Saurya Ltd. quoting Rs 2.2/kilowatt-hour for a cumulative total of 430 megawatt, and Satluj Jal Vidyut Nigam Ltd. quoting Rs 2.21/kWh for 70MW.

With Coal India’s entry in the renewables auction space, the competitive environment around bids, especially those conducted by financially sound Discoms, is expected to heat up further.

Click on the attachment to read the full report:

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.