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PPA renegotiations may hit green power firms’ cash flows

DNMUM439448 | 7/18/2019 | Author : DNA Money Correspondent | WC :292

Mumbai: With Andhra Pradesh government asking renewable energy generators to renegotiate power purchase agreements (PPAs), Fitch Ratings is of the view that it will hamper private players’ operating cash flows.
Among the reasons for this impact is a delay in payments by state-owned distribution companies, or discoms.
Earlier this month, the Andhra Pradesh government had formed a high-level negotiation committee to look into PPAs of solar and wind energy, citing high tariffs.
On Wednesday, in a report, Fitch Ratings said, “We expect the Andhra Pradesh government to face vigorous challenges from operators of renewable power projects and the central government. Fitch will treat the successful renegotiation of the PPAs, if any at
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Home loan: Pick HFCs over banks
DNMUM441441 | 8/19/2019 12:00:00 AM | Author : Abeer Ray | WC :897

Customers looking to borrow home loans either apply from banks or non-banking housing finance companies (NBFCs). However, seeking loans from any of them involves myriad factors that one must know.
Choosing between banks and NBFCs for home loans<
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‘It’s not a doomsday scenario for FMCG cos’
DNMUM441442 | 8/19/2019 12:00:00 AM | Author : Ashish K Tiwari | WC :1614

One of the things that the top executive of the fast-moving consumer goods (FMCG) firm Marico drives is ‘boringly consistent’ in terms of growth in volumes and profitability. Saugata Gupta, managing director and chief executive officer, Marico Ltd, i
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Over 4 lakh affordable houses unsold
DNMUM441446 | 8/19/2019 12:00:00 AM | Author : DNA Correspondent | WC :176

Mumbai: The inventory pile-up is not restricted to luxury apartments only as there are over four lakh apartments in the affordable segment still lying unsold across nine cities in the country. However, there is some good news for the latter. The dema
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St may stabilise as FPI exodus slows
DNMUM441447 | 8/19/2019 12:00:00 AM | Author : DNA Correspondent | WC :230

Mumbai: As the volatility has started showing signs of reversal on the back of reduced selling by foreign portfolio investors (FPIs), Nifty may see consolidation around 11000 this week, according to market experts.
Dharmesh Shah, head – technical
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