Pramod Menon, chief financial officer, JSW Energy adds that JP Power hasn't had any talks with the company over JP Power's 1,200 MW Karcham Wangtoo project.
Pramod Menon, director- Finance, JSW Energy says the Supreme Court's decision to deallocate 204 coal blocks does not cover lignite mines.
As a result of this, the company's 1080 megawatt (MW) power plant at Barmer is unaffected.
Also read: Is SC's 'breathing time' for cos to point fingers at UPA?
Furthermore, Menon says the company is looking at various power assets for growth opportunities and is open to acquire a plant if it is a strategic fit.
However, he adds that the management of JP Power hasn't had any talks with the company over JP Power's 1,200 MW Karcham Wangtoo project.
Transcript to follow soon.
JSW Energy stock price
On September 25, 2014, at 11:10 hrs JSW Energy was quoting at Rs 73.40, down Rs 3.6, or 4.68 percent. The 52-week high of the share was Rs 86.85 and the 52-week low was Rs 42.00.
The company's trailing 12-month (TTM) EPS was at Rs 4.11 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 17.86. The latest book value of the company is Rs 42.70 per share. At current value, the price-to-book value of the company is 1.72.
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