Business Standard

Equipment makers gain on import duty hopes

The power min is expected to submit a new proposal for a potential import tax to a cabinet of ministers

Related News

Shares of power equipment makers rise after the Prime Minister's office convened a meeting to discuss the contentious issue of imposing duties on foreign equipment imports.

The power minister is expected to submit a new proposal for a potential import tax to a cabinet of ministers, two government sources tell Reuters, in what would be a procedural matter.

Domestic power makers have requested import duties for the past two years to curtail the supply of cheaper equipment from China.

A panel of minister on economic affairs in March had deferred a decision on import duties.

Bharat Heavy Electricals , India's largest power equipment maker by capacity, advances 1.5%, while engineering conglomerate Larsen & Toubro gains 0.7%.

Mid-sized power gear makers BGR Energy and gain 2.4% and 1.8% respectively.

Read more on:   
|
|

Equipment makers gain on import duty hopes

The power min is expected to submit a new proposal for a potential import tax to a cabinet of ministers

Shares of power equipment makers rise after the Prime Minister's office convened a meeting to discuss the contentious issue of imposing duties on foreign equipment imports.

Shares of power equipment makers rise after the Prime Minister's office convened a meeting to discuss the contentious issue of imposing duties on foreign equipment imports.

The power minister is expected to submit a new proposal for a potential import tax to a cabinet of ministers, two government sources tell Reuters, in what would be a procedural matter.

Domestic power makers have requested import duties for the past two years to curtail the supply of cheaper equipment from China.

A panel of minister on economic affairs in March had deferred a decision on import duties.

Bharat Heavy Electricals , India's largest power equipment maker by capacity, advances 1.5%, while engineering conglomerate Larsen & Toubro gains 0.7%.

Mid-sized power gear makers BGR Energy and gain 2.4% and 1.8% respectively.

image

Read More

Sensex zooms 439 pts on GAAR relief, EU deal

The stock markets surged over two per cent on Friday on heavy buying from foreign investors after the government soothed their nerves by proposing ...

Recommended for you

Advertisements

Quick Links

Market News

Sensex drops 297 points to end below 27,450; Infosys slumps 6%

The 30-share Sensex ended down 297 points at 27,438 and the 50-share Nifty closed 93 points lower at 8,305.

Nifty ends 77 points lower; Infosys' Q4 earnings weigh

The 30-share Sensex provisionally ended down 252 points at 27,483 and the 50-share Nifty ended down 77 points at 8,321.

Gold recovers on wedding season demand, global cues

Metal adds Rs 190 to Rs 27,190 per 10 grams in National Capital, Silver up Rs 250 to Rs 36,500 per kg

Cairn India rebounds from 52-week low

The moved higher by 3% to Rs 221,bouncing back 9% from its 52-week low of Rs 202 touched on the NSE in early morning trade.

CNX IT index drops 3%; Infosys hits three-month low

Infosys,Tech Mahindra, Rolta India, Polaris Consulting, Tata Elxsi and KPIT Techno were down 4%-9% on the NSE.

 

Back to Top