Bullish outlook for Jhajjar Power on back of improved performance

Jhajjar Power Ltd (JPL), a subsidiary of CLP India, has shown an improvement in financial and operational performance and has adequate liquidity available in the first half of this fiscal year. JPL’s plant availability factor (PAF) improved to 92.5 per cent in the first half of FY20, as against 70.25 per cent in the comparable period of FY19. This translates into a 30 per cent growth and comes after the power company reported reduced profits of ₹647 crore in FY19 (compared to profits of ₹1,506 crore in FY18).

The PAF is the percentage of time available to provide energy to the grid. Even though a plant is available, it does not automatically mean that it can generate all of its capacity power.