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Shares of Tata Power Company and Adani Power rallied up to 7% on BSE in intra-day trade on Monday amid reports that the Gujarat government has decided to increase tariffs of three coal-based power plants.
The Gujarat government has directed its power distribution company to raise tariffs of the three imported coal-based power plants owned by Tata Power, Adani Power and Essar Power by amending their power purchase agreements (PPAs) and approaching the power regulators for approval, the Economic Times said.
Tata Power has moved higher by 7% to Rs 81.30 on back of heavy volumes after the
The Gujarat government has directed its power distribution company to raise tariffs of the three imported coal-based power plants owned by Tata Power, Adani Power and Essar Power by amending their power purchase agreements (PPAs) and approaching the power regulators for approval, the Economic Times said.
Tata Power has moved higher by 7% to Rs 81.30 on back of heavy volumes after the
