EXPECTATIONS
1. Extension of tax holiday u/s 80IA.
2. Freight hike for coal in Railway budget.
3. Elimination of import duty on thermal coal.
4. Exempting power projects from service tax net.
5. More clarity over SEB Restructuring & Coal Price Pooling.
IMPACT
1.Provision of a 10‐year tax holiday to be extended to 15 years and it should be continued beyond 2013. Positive for overall Generators.
2. Negative for the sector.
3. Likely positive for players dependent on imported coal such as ADANI and JSW.
4. Positive for the sector as a whole.
5. Positive for the sector as a whole.
No comments:
Post a Comment