Close [X]
Live Markets »News & Advice»Latest Stories»Latest Stories Details
Latest Stories Details
Back

Power utilities' shares gain on Delhi tariff increase

Reuters/ 28 Jun 12 | 12:18 AM

Power utilities Reliance Infrastructure rose 1.7 per cent, while Tata Power added 2.2 per cent. Delhi Electricity Regulatory Commission (DERC) proposed an increase in power tariffs in New Delhi effective July 1.

Tariff for household consumers would go up by 24 per cent and prices for commercial consumers will be increased by 19.5 per cent, the DERC mandated.

Related Stories

    No Related Stories Found
Widgets Magazine

State-run power sector lenders such as Power Finance Corp and Rural Electrification Corp also gained on expectations utilities would be better placed to pay back their loan commitments.

 

Widgets Magazine

Sensex

Company Price Gain (%)
Tata Motors503.652.01
GAIL (India)379.201.61
Reliance Inds.1,027.701.44
Asian Paints1,123.151.43
Cipla567.450.78

Poll

Will the Nifty cross 9,000 in September F&O series?


Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine