1 min read.Updated: 09 Oct 2016, 11:12 PM ISTR. Sree Ram
Despite inexpensive valuations of private firms, analysts continue to prefer state power utilities
Barring minor slippages, public sector enterprises NTPC Ltd and Power Grid Corp. of India Ltd continued to deliver superior performances, compared with their private peers. Power Grid’s net profit grew by an impressive 33% in the June quarter, though capacity additions lagged Street estimates. NTPC clocked strong volumes, while hydro power generator NHPC Ltd saw healthy revenue growth, thanks to incentive income.