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Market move▼ Bearish for Tata Power
Power stocks fall despite ₹1.86 lakh crore PM-DHARA scheme: Tata Power, Adani Power, NTPC, Power Grid in focus
The brief
- The government announced a ₹1.86 lakh crore PM-DHARA scheme for transmission and renewable energy
- Power stocks including Tata Power, Adani Power, NTPC and Power Grid fell on Thursday
- The scheme targets transmission and renewables, exposing power companies including Tata Power, NTPC and Power Grid
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- Tata Power appeals Singapore court’s $490-million payout order in Kleros case
- Tata Trusts within right to seek merger, but Tata Sons can challenge: Lawyer
- S&P sees no immediate rating impact from Tata leadership changes or potential listing
- Tata Sons outlook: Merger plan could change structure, but RBI decision remains crucial
PM-DHARA power transmission and renewables scheme
The government announced the ₹1.86 lakh crore PM-DHARA scheme for transmission and renewable energy. Power Grid, KEI Industries and Polycab were identified as potential beneficiaries, while Tata Power, Adani Power, NTPC and Power Grid were in focus.
Thursday, 1 October
- Power stocks fall despite ₹1.86 lakh crore PM-DHARA scheme: Tata Power, Adani Power, NTPC, Power Grid in focus