Net Loss Widens; Eyes on Compensatory Tariff On account of lower generation, higher fuel and interest cost, consolidated net loss of Adani Power (APL) widened to Rs3.2bn in 3QFY17 compared to Rs1.14bn in 2QFY17, while its net sales declined by 6.2% yoy. APL continues to report dismal numbers due to lack of adequate coal supply from Bunyu mines, which has been forcing the Company to blend expensive spot coal inventory as well as importing higher quantum of coal due to limited availability of domestic coal and PPAs signed at low rate. We reiterate our HOLD recommendation on...