JSW Energy gains; coal-based plants favoured

Reuters Market Eye - JSW Energy gains 1.6 percent. Increase in local gas prices is expected to benefit coal-based power producers.

Power plants based on imported coal charge tariffs that are around 20 percent cheaper than gas plants, analysts estimate.

JSW Energy is estimated to operate nearly half of its capacity on imported coal.

(Reporting by Abhishek Vishnoi)