New Document top_band
 
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

Refined soya oil up 0.3% on upsurge in demand

Oil for delivery in September traded higher by 0.24%

Inflation may lead to marginal rise in wheat MSP

The MSP is expected to be around 1,420-1,450 per quintal

Crude palm oil rises 0.16% as demand picks up

Traders create fresh positions on positive sentiment

Cashew processors in Odisha demand govt support

Seek overseas buyer arrangements, port & container facilities and financial backing to compete with exporters from other states

Deepak Fertilisers slips on weak June quarter results

The stock dipped 7% to Rs 166 after reporting 7% yoy decline in net profit at Rs 40 crore for the quarter ended June 2014.

Back to Top