NTPC reported mixed Q4FY18 results. Adjusted revenues at | 22500 crore were above estimates of | 21343 crore. The revenue beat was on account of better-than-expected energy sold at 64.24 billion units vs. our estimate of 63.71 billion units. The company generated 68.56 billion units (BU) in Q4FY18 vs. our estimate of 68.14 BU. Plant load factor (PLF) of coal plants was at 79% vs. 76.9% in Q3FY18. During FY18, the company commissioned capacity to the tune of 3978 MW as commercial capacity was at 44500 MW...