Adi Power is a good example of emergence in the corporate history of India, shares can rise by 29 percent: Morgan Stanley

Mumbai, September 19 (IANS). Worldwide brokerage firm Morgan Stanley advised ‘overweight’ and gave a target price of Rs 818 on Adaani Power Limited (APL) on Friday, which is 29 percent higher than the closure of the last trade session. Broker said in a note that Adani Power is a good example of emergence in the corporate history of India, including solving most regulatory issues and much value creates acquisitions. “Broker said,” Brokerage said, “the APL projects have registered a strong income increase by completing the time of the APL projects and acquiring more PPAs in the medium period.” Morgan Stanley said the pace said (PPA) said that the new CoAL Power purchases (PPAs) said the pass (PPA) said the pace said (PPA) that the new power purchases (PPAs) said the new power purchases (PPA) said the new coal power (PPAs) said. The confidence in the company’s income capacity will increase. Global Brokerage said in his estimate that the company’s ebitda would rise by 2.5 times or 3 times. India intends to add 80 GW coal production to the 32nd five -year plan and is currently in the 20 GW of the Great Power Purchase Agreement (PPA) pipeline. “The stock trades with an increase of about 7-8 percent in the morning business. Later, which has an 8 percent stake in both coal and production.” We estimate that the 41.9 GW (2.5 times compared to F25) with the portfolio will reach its market share to 15 percent. APL has found a favorable solution for most regulatory issues and the balance sheet is strong. We hope that 60-65 percent of its $ 27 billion capital expenditure will be completed in internal sources for an extra capacity of 23.7 gigawatts. ‘Timely completion of projects (soil acquisition, kettle-nalebine-generator orders, construction work by Adani Group and low external debt) and PPA will increase revenue. Go and recently the profitability of 2.9 GW power plants has improved, and then we expect to increase our estimates. “–IANS ABS/