Fitch Ratings anticipates an improvement in trade receivables for Indian power utilities, particularly from weaker state-owned distribution companies (discoms), and highlights the pace of capital expenditure (capex) as a key credit driver for rated power utilities in the near to medium term.
Mumbai/IBNS: Tata Power, one of India's major integrated power firms, on Thursday said its consolidated reported PAT in Q4FY23 rose by 48% YoY to Rs 939 crore compared to Rs 632 crore in the same period last fiscal, supported by a strong performance across all businesses.