PLF of coal power plants to hit a 5-year high this fiscal

The plant load factor (PLF) of Indian coal-based power plants will improve over 300 basis points (bps) to 62% this fiscal — the highest in the past five fiscals — fuelled by strong demand growth and limited capacity addition in the sector, a CRISIL NSE 6.85 % Ratings estimate shows.

This will help improve the credit risk profiles of one-third (25 GW) capacities of private generating companies (gencos) the most, with their operating profit expected to touch a five-year peak, it said.