New Delhi, Feb. 29 -- In a note on the utility sector, JM Financial noted that continued healthy power demand, uncertainty around coal prices, declining solar module and RLNG prices and revival in thermal capex (93GW by FY32E) were some of the common issues discussed by the CEOs during their March quarter conference calls. With the government anticipating a peak power demand of 256 GW in FY24, it expects utilities to continue report superior performance in the coming quarter.

JM Financial said deep dived into the commentaries of Adani Green Energy Ltd, Adani Power Ltd, BHEL Ltd, CESC Ltd, Coal India Ltd, JSW Energy Ltd, NHPC Ltd, NTPC Ltd, SJVN Ltd, Suzlon Energy Ltd and Tata Power Ltd, among others to read minds of the CEOs for assessin...