{"id":339251,"date":"2020-02-27T11:58:14","date_gmt":"2020-02-27T06:28:14","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=339251"},"modified":"2020-02-27T11:58:14","modified_gmt":"2020-02-27T06:28:14","slug":"jefferies-downgrades-tata-power-on-debt-reduction-doubts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jefferies-downgrades-tata-power-on-debt-reduction-doubts\/","title":{"rendered":"Jefferies downgrades Tata Power on debt reduction doubts"},"content":{"rendered":"<p>Rating agency Jefferies has downgraded Tata Power from \u2018buy\u2019 to \u2018hold\u2019, casting doubt on the country\u2019s largest integrated power company\u2019s ability to reduce its debt of Rs 48,400 crore as it prepares to spend another Rs 6,000 crore in renewable energy and electricity distribution projects.<\/p>\n<p>The agency noted that the Tata Power stock is already under pressure with lower coal prices dampening realisations from its international mines and the lingering uncertainty related to tariff hike at its imported coal-based Mundra power plant.<\/p>\n<p>In the ongoing fiscal, Tata Power has repaid nearly Rs 2,250-crore debt and borrowed another Rs 1,900 crore on capex plans and renewable capacity additions. \u201cSustenance capex will be an add-on to the above investments over the next 36 months,\u201d Jefferies noted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rating agency Jefferies has downgraded Tata Power from \u2018buy\u2019 to \u2018hold\u2019, casting doubt on the country\u2019s largest integrated power company\u2019s ability to reduce its debt of Rs 48,400 crore as it prepares to spend another Rs 6,000 crore in renewable energy and electricity distribution projects. The agency noted that the Tata Power stock is already under pressure with lower coal prices dampening realisations from its international mines and the lingering uncertainty related to tariff hike at its imported coal-based Mundra power plant. In the ongoing fiscal, Tata Power has repaid nearly Rs 2,250-crore debt and borrowed another Rs 1,900 crore [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-339251","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/339251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=339251"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/339251\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=339251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=339251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=339251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}