bonus will not lead to long term appreciation – in short term it could jump…
company’s ROE will surely come down due to large IPP projects. this requires huge debt – for 1.2GW at least Rs 3,500 cr debt will be needed !!
this will reduce CPP/ EPC – which is high margin and low capital.
am sure such high valuation is not justified from IPP business.
One important point discussed by CFO on investor call – execution of projects… if there is delay in project execution it could impact profits.
also will there be penalties on delay in project?
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