is a power trading company facilitating short‑ and medium‑term trades among generators and discoms. It benefits from volumes in day‑ahead and term‑ahead markets and cross‑border power flows. Fee‑based model and limited balance‑sheet risk make it relatively stable. Risks are regulatory changes in power markets, discom health, and governance overhangs observed earlier.

#WatchOutFor#TechnicalViews#FundamentalViews#EquityResearch#Miscellaneous

475 likes·61 comments