Motilal Oswal - MOSL: UTILITIES-Gujarat invites bids ending drought in LT PPA market-Merchant power capacity shrinking rapidly

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Motilal Oswal

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MOSL: UTILITIES-Gujarat invites bids ending drought in LT PPA market-Merchant power capacity shrinking rapidly

Utilities: Gujarat invites bids ending drought in LT PPA market; Merchant power capacity shrinking rapidly

After a hiatus of 4-5 years, demand for long-term PPA has emerged in the power sector. Gujarat has invited bids for 3,000MW to meet its rising demand; this, coupled with many short-to medium-term PPAs will see merchant power capacity shrinking rapidly — from 19GW a few months ago to 9GW within 12 months.
Further, the CCEA has approved the policy to grant coal linkage for even short-term power sales. We have highlighted in our recent reports that power oversupply has started shrinking and the market is likely to get balanced in 2-3 years. This augurs well for the sector.
Jindal Steel & Power is the best placed to benefit from the turnaround in the sector, while our top picks in the sector are NTPC and Power Grid. Further, the CERC regulations (2019-24) have addressed many concerns on these two names.

12/03/2019 6 EN

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Motilal Oswal

Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.

Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.

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MOSL: UTILITIES-Gujarat invites bids ending drought in LT PPA market-Merchant power capacity shrinking rapidly

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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