Draft tariff regulations (2019-24) are positive for regulated utilities as base RoE remains unchanged at 15.5% (our expectation: cut to 14%).
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/cerc-draft-tariff-policy-regulated-entities-likely-get-boost
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/financial-express-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy-policy
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/national-thermal-power-corporation-ntpc
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/power-transmission
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy