Trying to follow this thumb rule of investing when taking up initial positions (inspired by SOIC):
1% – Tracking
2% – Low conviction/exploring thesis
4% – Medium conviction and results show thesis has started playing out (e.g., Aarti industries)
6%/8% – High conviction with thesis getting validated
No position >8% due to concentration risk (Learned this the hard way after Polycab fiasco)

Obviously these are very different from what you see above because the total portfolio value keeps changing but on a high-level

To meet the growing demand, the government has announced to continue relying on coal with nearly 80 GW of new coal-fired capacity planned by 2030

Scaling up renewable energy: The allocation to the new and renewable energy sector increased 99 percent to Rs 10,222 crore in 2023 from Rs 956 crore in 2014-15. Between 2013-14 and now, India’s installed pure renewable energy capacity (excluding hydropower) has almost quadrupled to reach 132 GW from 28 GW in 2013-14.

National Green Hydrogen Mission (NGHM): Since renewable energy alone would not be enough to meet India’s energy needs, the central government has attempted to get into new energy sources such as green hydrogen. The Union Cabinet approved the NGHM on January 4, 2023, with an initial outlay of Rs 19,744 crore, including Rs 17,490 crore for incentives. The government’s aim to produce at least 5 MMT of green hydrogen annually by 2030 under the NGHM would require 60-100 GW electrolyser capacity and 125 GW renewable energy.

India’s power sector is regulated by the CERC with an availability-based earnings model (fixed RoE on power generation assets) and, thus, the regulated tariff model provides strong earnings visibility for power-generation companies.
Additionally, with improved coal stocks at thermal power plants, plant availability factor (PAF) has improved and, thus, we expect fixed cost under-recoveries to decline for power companies.

NTPC

• Healthy expansion plans with significant capacities under construction
• NTPC has also entered into a JV for nuclear power generation.
• The PLF of NTPC’s coal stations was 76.40% as against the national average of 68.51%.
• MoU with the Maharashtra government for green hydrogen projects
• NGEL plans for green hydrogen and derivatives (green ammonia, green methanol)
• With renewed focus on RE (130 GW by FY32), we believe re-rating drivers like improving ESG scores

Quick notes on some terms:

PLF – Plant load factors (PLFs)
A cost-plus basis is a way of charging for a product or service where the price includes the cost of production or service plus a profit

Please look at the below screenshot

OCL is reaching out to all their merchants and asking them to change their settlement bank account from PPBL to something else. Please note that KYC for these merchants in order to accept payments was done by OCL and not the Paytm Payments Bank. So all these merchants still continue to be eligible to accept digital payments through a QR code or soundbox.

Once merchants change their settlement bank account (this can be done easily without a physical visit), merchant’s life will carry on as is.

Hi All,

I am a beginner in the forum and also in investing. Just want to run through my understanding for this stock. Opinions on what have not been considered and should be evaluated before buying this stock is welcome.

I generally evaluate a stock for the following:

1. Market w.r.t demand or supported by government policies
2. ROCE – growing/stable in last 3/5 years
3. Operating Margins – Growing/stable in last 5-8 quarters

Basis the above criteria, this company seems to be good investment. Want to get views for the following:

1. The PE is high which is at 51.50
2. Since the margins have shown a growth trajectory for quite few quarters, is it fair to assume that the market has already absorbed this in the current price?

I want to invest in this company for 2 quarters to 1 year.