Power utilities gain on Delhi tariff hike
Power utilities Reliance Infrastructure rose 2%, while Tata Power rose 2.2% as the Delhi Electricity Regulatory Commission proposed a hike in power tariffs in New Delhi effective July 1.
June 27, 2012 / 16:43 IST
Power utilities Reliance Infrastructure hiked tariff by 2%, while Tata Power increased prices by 2.2% as the Delhi Electricity Regulatory Commission (DERC) proposed a hike in power tariffs in New Delhi effective July 1.
Tariff for household consumers would go up by 24% and prices for commercial consumers will be hiked by 19.5%, the DERC mandated.
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. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
