Worst behind JSPL; co winning blocks for decent price: IIFL

Dole says losing Mandakini block is a sentiment deterrent for Adani Power, but the Jitpur block should help Adani Power tie up coal for its Korba plant

Having been able to win power sector coal blocks at reasonable premiums, JSPL  must now tie up Power Purchase Agreements (PPAs) for annuity income, says IIFL's Harshavardhan Dole in an interview with CNBC-TV18.

Dole does not ascribe much value to JSPL's steel business.

Dole says losing Mandakini block is a sentiment deterrent for Adani Power , but the Jitpur block should help Adani Power tie up coal for its Korba plant.

Dole says Adani Power is acquiring stressed assets at reasonable prices.

INTERVIEW AND TRANSCRIPT TO FOLLOW

Jindal Steel stock price

On March 09, 2015, at 11:10 hrs Jindal Steel & Power was quoting at Rs 196.25, up Rs 10.80, or 5.82 percent. The 52-week high of the share was Rs 350.00 and the 52-week low was Rs 125.05.

The company's trailing 12-month (TTM) EPS was at Rs 3.88 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 50.58. The latest book value of the company is Rs 142.79 per share. At current value, the price-to-book value of the company is 1.37.

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