Don’t miss the latest developments in business and finance.

JSW Energy gains; coal-based plants favoured

Image
Reuters
Last Updated : Oct 20 2014 | 11:40 AM IST

Reuters Market Eye - JSW Energy gains 1.6 percent. Increase in local gas prices is expected to benefit coal-based power producers.

Power plants based on imported coal charge tariffs that are around 20 percent cheaper than gas plants, analysts estimate.

JSW Energy is estimated to operate nearly half of its capacity on imported coal.

(Reporting by Abhishek Vishnoi)

More From This Section

First Published: Oct 20 2014 | 11:29 AM IST

Next Story