Power Finance, Rural Electrification surge on coal reforms

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Reuters
Last Updated : Oct 21 2014 | 10:45 AM IST

Reuters Market Eye - Power Finance Corp gains 5 percent, while Rural Electrification Corp is nearly 5 percent.

India said on Monday it would auction coal blocks after the Supreme Court cancelled allocations in August.

Coal block auctions will reduce uncertainty regarding power generation companies that depend on the dry fuel, traders say.

(Reporting by Abhishek Vishnoi)

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First Published: Oct 21 2014 | 10:40 AM IST

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