Power finance: BO on the cards, expect a quick 10% move!

Ministry of Power has issued a memorandum providing details on the Revamped, Reforms-based and Resut-Linked Distributions sector scheme supporting discoms to undertake reform and improve performance in a timebound manner. Believe that result from implementation of this scheme will positively impact the entire value cain, revive capex and re rate the sector. PFC is at the forefront of this mega trend change. Expect a positive move over the next 2 quarters.