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Election results: NDA poised for a stunning victory; leads in 341 seats

272/543
L :342
W :0
L :89
W :0
NDA :0 | Need 271 More Seats to win
Need 271 More Seats to win | UPA : 0
LOK SABHA ELECTION RESULTS 2019
Total Constituencies
543
Voter Turnout
67.11%
NDA : 342
2014 : 354 Seats
BJP
287
+
SS
20
+
Other
35
UPA : 89
2014 : 66 Seats
INC
51
+
DMK
22
+
Other
16
OTH : 111
2014 : 107 Seats
TMC
26
+
YSRCP
21
+
Other
64
VIDEOS
Business

Power industry to see more consolidation in 2019, says JSW Energy

Updated : January 31, 2019 05:15 PM IST

More consolidation is going to happen in the next 12 months in the power sector than 2018 with the resolution of stressed assets and the bankruptcy route will further aid the demand-supply balancing, said Prashant Jain, joint MD, JSW Energy.

"We are more optimistic about growth and in terms of profitability as more and more consolidation is going to happen in the next 12 months," Jain told CNBC-TV18.

JSW Energy's consolidated net profit nearly trebled to Rs 147.08 crore for the quarter ended on December 31, 2018 compared to the year-ago period, mainly on account of higher revenues.

"The profit is mainly on the back of higher generation and better realisations from both merchant and long-term PPA customers. Also, our efforts to reduce debt has resulted in interest cost coming down by almost 13 percent," Jain said.

“We have reduced our auxiliary power consumptions and that is why our coal cost went up by 24 percent in rupees per tonne but it went up only by 14 percent rupees per unit. So that explains that internal efficiencies have been helping us. So that is what we have worked upon,” he added.
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