Business Standard

Power stocks on a roll, Adani Power up 24% in 2-days

Related News

Shares of power generation companies have gained for the second straight sessionw after the Prime Minister Manmohan Singh on Wednesday directed Coal India Ltd (CIL) to import coal to ensure supplies for 20 years to 50,000-mw power plants that are proposed to be commissioned by March 2015.

Neyveli Lignite, Adani Power, Lanco Infrastructure, Tata Power, PTC India, Bharat Heavy Electricals Limited, Suzlon Energy, Reliance Infrastructure and Thermax are trading higher by more than 3% each in an otherwise weak market.

The Bombay Stock Exchange (BSE) power index the largest gainer among sector indices is up 2.33%, compared to 0.29% drop in the benchmark index Sensex. However, CIL is down by 4% at Rs 325 on back of the said news.

According to the decision by the Prime Minister’s Office (PMO), CIL will have to sign supply agreements with all power plants that will get commissioned over the next three years ending March 2015. The company has been asked to sign agreements for supply within a month for plants commissioned up to December 31, the newspaper report suggests.

Read more on:   
|
|
|
|
|
|

Read More

M&M gains on post February sales numbers

The company reported 11% year-on-year growth in its auto sales numbers at 47,824 units in February 2013.

Quick Links

 

Market News

Reliance Petroinvestments' appeal adjourned by SAT till Sept 30

Sebi in May 2013 had imposed a penalty of Rs 11 cr on Reliance Petroinvestments in an insider trading case

Today's picks- 3 September 2014

Nifty, Bank Nifty, Bharti Airtel, Tech Mahindra & Tata Power

Let's make some money

Market experts say booking profits could be unwise. If you are nervous, go for dividend-yield stocks

Steel firms increase prices

This comes amid a rise in transportation costs and high iron ore prices; long-steel producers keep prices unchanged

Rubber imports set to soar

Military junta of Thailand, world's largest exporter of rubber, recently decided to release 200,000 tones of stock pile

Back to Top