Synopsis
To avoid a large loss due to higher coal prices, Tata Power reduced the load factor at its Mundra plant to 20 per cent in the June quarter from around 70 per cent under usual conditions implying a big cut in power production.
ET Intelligence Group: The stock of Tata Power Company has gained 33 per cent in a month after staying range-bound for the previous five months. The trend reversal is on expectations that the impact of rising coal prices on the company’s financials will be limited since the company has taken steps to reduce losses at its Mundra thermal plant by lowering power generation and has subsequently increased production at its Indonesian coal mines to
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