Premium
This is an archive article published on January 19, 2012

Power stocks up on reforms hope

Power-related stocks rose on expectations that reforms in the sector would be fast-tracked.

google-preferred-btn

Power-related stocks rose on expectations that power sector reforms would be fast-tracked after industry leaders8217; meet with prime minister,two institutional sales people said.

India8217;s prime minister tepidly pledged help on chronic power shortages strangling economic growth,offering few specifics in a meeting with business leaders in the sector who sought faster coal and gas development and to pass on rising costs.

Fitch Ratings on Wednesday said that it expects power sector reforms 8211; required to restore the financial viability of state power utilities SPUs 8211; to gain traction during 2012,though the timely and consistent implementation of Shunglu Committee recommendations over the medium term could remain challenging.

At 11:41 a.m,shares of Tata Power,NTPC ,Power Grid Corp of India,Rural Electrification Corp,Power Finance Corp,CESC,PTC India,GVK Power were up 1.2-6.3 per cent.

 

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
What contaminated Indore’s water? Toilet still top possibility but engineers spread out to look for other culprits
What contaminated Indore’s water? Toilet still top possibility but engineers look for other culprits
From ‘do or die’ to surrender: Why Telangana Police see Barsa Deva’s decision as end of Maoist movement
Two men from same village rose to top of Maoist ranks. Their careers – and fates – ended differently
Dhurandhar Box Office Collection Worldwide Day 30 Live Updates
Dhurandhar Box Office Collection Worldwide Day 30 Update: Ranveer Singh film mints Rs 1182.25 cr worldwide; sees 34% jump on 5th Saturday
ranveer deepika
Deepika Padukone and Ranveer Singh enjoy date night at NBA game in New York, see photos, videos
kerala Railway station cleanliness
‘Not a single piece of trash’: Video of spotless Kerala railway station platform goes viral; netizens applaud
Food delivery rider new year party in Delhi
Delhi college students invite food delivery rider to join their New Year's house party: 'Pure Delhi energy'
Fulton
Craig Fulton interview: 'With packed Pro League schedule, and World Cup-Asian Games block in mind, looking to select two separate groups'
The BCCI will communicate to BCB about Indian government decisions in due course. (BCCI Photo)
Like with Pakistan, India-Bangladesh cricket ties could snap after BCCI asks IPL franchise Shahrukh Khan’s KKR to eject Mustafizur Rahman from team
Year-end musings
My wish for 2026 is that we somehow manage to get an Oppn party
Panama Noriega
History repeats itself: How US captured Panama's leader Noriega nearly 36 years ago, much like it arrested Maduro
Mark Wahlberg has eggs for breakfast
Mark Wahlberg likes to start his day with 4 boiled eggs; says, 'I eat the same breakfast every day'
According to theoretical models of planetary system formation, violent gravitational interactions early in a system’s history can eject planets into interstellar space. (Image: University of Warsaw)
A planet with no sun: Astronomers spot rare rogue planet
Advertisement
Must Read
Craig Fulton interview: 'With packed Pro League schedule, and World Cup-Asian Games block in mind, looking to select two separate groups'
Fulton
Like with Pakistan, India-Bangladesh cricket ties could snap after BCCI asks IPL franchise Shahrukh Khan’s KKR to eject Mustafizur Rahman from team
The BCCI will communicate to BCB about Indian government decisions in due course. (BCCI Photo)
Breaking down India ODI squad against New Zealand: No major surprises as Shubman Gill, Shreyas Iyer return; selectors keep faith in Rishabh Pant
India squad for New Zealand Shreyas Iyer Shubman Gill
A planet with no sun: Astronomers spot rare rogue planet
According to theoretical models of planetary system formation, violent gravitational interactions early in a system’s history can eject planets into interstellar space. (Image: University of Warsaw)
Smartphones and PCs may soon cost up to 20% more as AI fuels memory shortage
The AI-driven memory chip crunch could lead to more smartphones launching with lower RAM configurations.
Inside Samsung’s CES 2026 showcase: Bigger screens, smarter homes
Samsung is also working more closely with Google to integrate Gemini-powered features into several of its home products, such as refrigerators and wine cellars equipped with smart displays. (Image:Samsung)
Mark Wahlberg likes to start his day with 4 boiled eggs; says, 'I eat the same breakfast every day'
Mark Wahlberg has eggs for breakfast
Advertisement
Buzzing Now
‘Not a single piece of trash’: Video of spotless Kerala railway station platform goes viral; netizens applaud
kerala Railway station cleanliness
Delhi college students invite food delivery rider to join their New Year's house party: 'Pure Delhi energy'
Food delivery rider new year party in Delhi
Anand Mahindra says ‘I want my MTV’ as iconic music channels go off air after 44 years: ‘End of an era’
Anand Mahindra MTV
Zomato CEO Deepinder Goyal backs gig economy, says it forces consumers to confront inequality: ‘Visibility is the price of progress’
Zomato CEO Deepinder Goyal backs gig economy
Zohran Mamdani sworn in as NYC’s first Muslim mayor, inauguration features Punjabi music: WATCH
Zohran Mamdani NYC inaugration Punjabi music
Jan 04: Latest News
Advertisement