Tags:
Journalism of Courage
Shares of power lenders,Power Finance Corp (PFC),Rural Electrification Corp (REC) ,Power Transmission Corp and PTC India Financial Services were trading sharply higher on fund buying after a conference of state power ministers decided to arrest and reverse the mismatch between tariff and cost,several dealers said.
The measures such as pass-through of increase in cost of production will improve operations of state electricity boards (SEB),analysts said.
This should reduce the overhang for PFC and REC,where there have been some concerns that SEB losses might require PFC and REC to take a hair cut,Deutsche Bank said in a note.
At 1.21 p.m.,shares of PFC,REC and PTC and PTC India Financial were up 5-10 percent higher.
Company INFO
Stocks
