Overall EXIM volumes were impacted by demand contraction in the global and domestic markets.
JSW Energy has signed a share purchase agreement to acquire GMR Kamalanga, valued at a maximum amount of Rs.5300 Cr.
Deal closures in Dec’19 were soft, strong deal win momentum is expected in Mar’20 and ahead.
Strong order book, superior execution and very good cash flow support premium valuations.
Longer-term narrative of the company looks very attractive given the management’s past growth strategy execution but it is trading at an expensive valuation of 58.1x CY21 EPS.
Three plants are set to commence operations – in 4QFY20, 2QFY21 and 4QFY21.
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