{"id":369311,"date":"2020-08-22T10:54:43","date_gmt":"2020-08-22T05:24:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=369311"},"modified":"2020-08-22T10:54:43","modified_gmt":"2020-08-22T05:24:43","slug":"liquidity-support-brings-a-fresh-lease-of-life-for-ntpc-power-grid-stocks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/liquidity-support-brings-a-fresh-lease-of-life-for-ntpc-power-grid-stocks\/","title":{"rendered":"Liquidity support brings a fresh lease of life for NTPC, Power Grid stocks"},"content":{"rendered":"<p>NTPC Ltd and Power Grid Corp. of India Ltd added as much as Rs25000 crore, or $3.33 billion, to their market cap, after the companies reported strong operating performance for the June quarter. Profits grew in the range of 18-20%, adjusted for the one-time rebates given to power distribution companies (discoms).<\/p>\n<p>Importantly, their receivables situation improved, allaying some of the concerns investors had.<\/p>\n<p>Receivables from discoms had spiked immediately after the covid-19 outbreak, tightening the liquidity situation for the two companies. Dues outstanding for more than 45 days tripled at Power Grid. Similarly, NTPC saw a sizable rise in receivables. But the trend reversed in July, with states availing the central government\u2019s liquidity support scheme. Outstanding dues dropped 16% in July, from end-June levels for Power Grid. NTPC\u2019s receivables declined by about 11% in July.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NTPC Ltd and Power Grid Corp. of India Ltd added as much as Rs25000 crore, or $3.33 billion, to their market cap, after the companies reported strong operating performance for the June quarter. Profits grew in the range of 18-20%, adjusted for the one-time rebates given to power distribution companies (discoms). Importantly, their receivables situation improved, allaying some of the concerns investors had. Receivables from discoms had spiked immediately after the covid-19 outbreak, tightening the liquidity situation for the two companies. Dues outstanding for more than 45 days tripled at Power Grid. Similarly, NTPC saw a sizable rise in receivables. [&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":[139,130,237],"tags":[],"class_list":["post-369311","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369311","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=369311"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369311\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=369311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=369311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=369311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}