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Hedge Funds & Indian Power Sector





The overseas hedge funds and also the long term capital investors are jostling in to the Indian shores .The financial service providers and couple of telephony companies raised roughly more than 11000 crores in the past one month ,even the investment bankers are expecting another five billion dollars to be raised through qualified institutional placements with the public offers and the sale of stakes in the public sector companies the total funds raised could be around 12 billion dollars this fiscal year .Most of the companies are raising equity money either to DE-leverage or else to expand business .The companies like JP and GMR infra ,L&T ,Aban offshore , Jaypee group,Reliance group ,banking sector  are the companies to watch , bankers suggest that airports , roads and power , metal to mining the money is being generated through QIP (qualified institutional placements ) .Even the disinvestment  of the government stakes in the public sector will boost up the healthy pipeline ahead .





The power sector is all charged up and anxiously awaiting the government to take up strong measures which will give a boost in its arm with focus on coal and 12.5 crores worth of transmission projects acts as an sanjeevni ..the S&P BSE GAINED 5% in past ten days and gained more than 30% in the past quarter which had hit the dust by falling 20% .The large cap power stocks such as GMR ,GVK,Tata Power, Reliance Power ,JSW Energy,NTPC,Adani Power ,HDIL have gained between 5% to 15% in the past week .



Even the power and the power equipment stocks along with the coal linkages and commissioning is getting pumped up .Even the power minister has asked the performing PSUs help the power projects to finish up their projects in due time .Few  projects are stressed where as projects worth one lakh crore appox are in the final stages of completion.Its been expected that some relief will be like exemption on duties and taxes .On the radar are GMR Infra ,NTPC,Reliance Power, JSW Energy,Siemens, Adani Power,ABB India, Tata Power, Kalpatru Power and KEC International .