Shares of power companies are in limelight ahead of the Prime Minister's meeting with chiefs of power companies to discuss various issues related to the sector later today.
Ratan Tata, Anil Ambani and Gautam Adani will discuss issues such as coal shortage, distribution companies' strained finances and rate problems involving new ultra mega power projects (UMPPs).
“The issues expected to come up include coal shortage, the strained financial health of distribution companies and rate issues involving new UMPPs,” a report suggests.
A delegation which would include Tata Group chairman Ratan Tata, ADAG chairman Anil Ambani and more than a dozen other company heads would seek answers on these, in the background of the expected target of adding 75,000 MW of power capacity in the country during the 12th Plan (2012-17), added report.
Among the individual stocks, Reliance Infrastructure, Reliance Power, Tata Power and Adani Power are trading higher by 2-3% each on the Bombay Stock Exchange.
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