May hike Mundra utilization post CERC order: Tata Power

Written By Unknown on Rabu, 26 Februari 2014 | 15.46

At a press conference, the firm's managing director Anil Sardana said customers would gain from the CERC compensatory tariff but added that cost of power for the producer still stood at Rs 4 per unit, or below the market price.

Tata Power  may increase the utilization at its Mundra plant from the current 80 percent after the Central Electricity Regulatory Commission ordered an increase in the tariff it charges to sell power.

Last week, the electricity regulator allowed for a 54 paise increase to Rs 2.90 per kWh after the company had raised concerns about the cost of coal imports rising steeply.

At a press conference, the firm's managing director Anil Sardana said customers would gain from the CERC compensatory tariff and added that cost of power for the producer still stood at Rs 4 per unit, or below the market price.

Talking about Tata Power's financials, Sardana said its interest cost burden had increased to Rs 250 crore per year because of foreign exchange variations.

At the end of March 2013, the company had a consolidated debt of Rs 36,655 crore, nearly three times its net worth of Rs 12,326 crore.

Tata Power stock price

On February 26, 2014, at 14:10 hrs Tata Power Company was quoting at Rs 79.90, down Rs 1.05, or 1.3 percent. The 52-week high of the share was Rs 102.45 and the 52-week low was Rs 68.25.


The company's trailing 12-month (TTM) EPS was at Rs 4.51 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 17.72. The latest book value of the company is Rs 51.67 per share. At current value, the price-to-book value of the company is 1.55.


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