KSK remains beset by short-term issues that dominate these interim results and cause us to cut our full-year forecasts. However the potential for improvement remains. The resolution of the Wardha issues and the operation of the second unit at Mahanadi could turn the second half into a stronger story and move forecasts up again. Coal supplies for at least half of Mahanadi are secured and further supplies are possible with the up-coming auction of coal blocks. Until this is resolved, uncertaint

28 Nov 2014
Wardha Weighs on Interims

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Wardha Weighs on Interims
- Published:
28 Nov 2014 -
Author:
Adam Forsyth -
Pages:
6 -
KSK remains beset by short-term issues that dominate these interim results and cause us to cut our full-year forecasts. However the potential for improvement remains. The resolution of the Wardha issues and the operation of the second unit at Mahanadi could turn the second half into a stronger story and move forecasts up again. Coal supplies for at least half of Mahanadi are secured and further supplies are possible with the up-coming auction of coal blocks. Until this is resolved, uncertaint