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Gujarat based Torrent Power to get power distribution of Dadra and Nagar Haveli, Daman and Diu
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Torrent Power bid highest for Dadra and Nagar Haveli, and Daman and Diu discoms
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दादर-नागर हवेली, दमन-दीव की सरकारी बिजली वितरण कंपनी के लिये टोरेंट पावर ने लगायी सबसे बड़ी बोली - torrent power bid the largest for the government electricity distribution company of dadernagar haveli, damandiv
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Power companies’ shares rally as PM Modi vows to delicense distribution
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Last Updated: Feb 19, 2021, 08:57 AM IST
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Synopsis
Shares of Bharat Heavy Electrical Ltd closed 7.3% higher on the BSE on Thursday while Torrent Power scrip ended the day 8% up while government officials held a series of meetings with industry captains and associations on the proposed legislative amendments to delicense power distribution and other announcements made in the Union budget.
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The government will free the electricity distribution sector from licensing, Prime Minister Narendra Modi said on Thursday when shares of several power companies rallied.
Shares of Bharat Heavy Electrical Ltd closed 7.3% higher on the BSE on Thursday while Torrent Power scrip ended the day 8% up while government officials held a series of meetings with industry captains and associations on the proposed legislative amendments to delicense power distribution and other announcements
Market-cap of India Inc’s top groups soars with the market
February 06, 2021
46 business houses out-perform Sensex’s 90% gains from March 2020 lows
With the Sensex closing convincingly above the 50,000-point mark, it is interesting to see which business houses created the maximum wealth for shareholders.
A study of over 60 business groups, with least ₹10,000-crore market capitalisation, shows that their combined m-cap has more than doubled to ₹108-lakh crore, riding as they did the rip-roaring rally in the stock market from the Covid nadirs less than 11 months ago.
In this march, as many as 46 groups (70 per cent) out-performed the blue-chip index, the Sensex, in terms of the rise from the market lows. The benchmark has gained 90 per cent between March 24, 2020 and February 5, 2021.