INSUBCONTINENT EXCLUSIVE:
Shares of select power companies hogged limelight after the Supreme Court on Tuesday quashed the February 12, 2018 RBI circular on
Going with market experts, this was an important judgment as the circular was a big overhang on the power sector and lenders to the sector
this circular will mean big benefit to Power Finance Corporation, which has recently been taken over REC
Investing.
Shares of Power Finance Corporation traded 2.93 per cent higher at Rs 123.10 after the ruling
Other power-related stocks such as Adani Power (up 3.40 per cent), NTPC (up 1 per cent), Tata Power (up 1.75 pe cent) and Power Grid (up
2.40 per cent also gained in morning trade.
The BSE Power Index traded 1.23 per cent higher at 2,056 at around 11 am (IST).
