Valuation as per ICICI. I am not sure how logical it is to value EPS 6x to arrive at core business value.
The Ministry of Power has revised the guidelines for Case I bidding, in which it has excluded power traders (like PTC) from participating in LT Power procurement bids. This would negatively impact PTC as the company is yet to sign a power sale agreement (PSA) for ~2,850 MW of capacity for which PPA has already been signed.
| Subscribe To Our Free Newsletter |
