Daily Archive: February 24, 2015

Reliance Power rating Neutral; Adding Sasan

At R2.5 bn (flat year-on-year), Reliance Power’s (RPWR) consolidated PAT came in 9% above our forecast and in line with consensus. At R6.3 bn (+30% y-o-y), consolidated Ebitda was 7% above our forecast (in...

Coal mines auction, a better system

The proceeds from the first round of auction of coal mines by the government has vindicated the criticism by the Comptroller and Auditor-General  (CAG) of the earlier method of allotment of coal blocks. It...