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

Read more on:    Bhel | Thermax | Larsen & Toubro
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:   
|
|

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 ...

Quick Links

 

Market News

Markets have a quiet opening

The Sensex is at 22858, lower by 20 points and the Nifty is at 6837, dowen three points.

Stock exchanges look to Sebi on result-day extension

Brokers have asked for longer session on Friday, additional session on Saturday

WB summer rice crop likely to be higher by 25% to 7.5 mn tonne

Nearly 68% of total population of West Bengal resides in rural areas, according to last census

Potato prices spurt on output damage

Unseasonal rainfalls, hailstorms hit the crop badly

Markets closed on account of election day in Mumbai

Markets will remain closed today on account of voting for the general elections in Mumbai constituencies

Back to Top