{"id":357017,"date":"2020-06-12T12:10:46","date_gmt":"2020-06-12T06:40:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=357017"},"modified":"2020-06-12T12:10:46","modified_gmt":"2020-06-12T06:40:46","slug":"coronavirus-discount-to-discoms-ntpc-stares-at-rs-920-crore-cut-in-fy21-profit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coronavirus-discount-to-discoms-ntpc-stares-at-rs-920-crore-cut-in-fy21-profit\/","title":{"rendered":"Coronavirus discount to discoms: NTPC stares at Rs 920-crore cut in FY21 profit"},"content":{"rendered":"<p>State-run power generation behemoth NTPC\u2019s decision to offer a rebate of Rs 1,363 crore to power distribution companies (discoms) is seen to reduce its FY21 profit by Rs 920 crore. The company has also allowed discoms to defer the payment of fixed charges of Rs 2,064 crore after the end of the lockdown period in three equal monthly instalments, without interest.<\/p>\n<p>After NTPC\u2019s announcement of the discount to discoms, analysts at IDFC Securities said the stock\u2019s earning per share would be impacted by Rs 0.92\/share in FY21. The deferment of capacity charges is expected to increase NTPC\u2019s FY21 interest cost by Rs 25 crore, as per ICICI Securities. Power plants are contractually entitled to receive fixed costs for recovering capital expenses, even when buyers do not procure electricity from the units.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-run power generation behemoth NTPC\u2019s decision to offer a rebate of Rs 1,363 crore to power distribution companies (discoms) is seen to reduce its FY21 profit by Rs 920 crore. The company has also allowed discoms to defer the payment of fixed charges of Rs 2,064 crore after the end of the lockdown period in three equal monthly instalments, without interest. After NTPC\u2019s announcement of the discount to discoms, analysts at IDFC Securities said the stock\u2019s earning per share would be impacted by Rs 0.92\/share in FY21. The deferment of capacity charges is expected to increase NTPC\u2019s FY21 interest cost [&hellip;]<\/p>\n","protected":false},"author":39,"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-357017","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\/357017","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=357017"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/357017\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=357017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=357017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=357017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}