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    HomeNewsBusinessCompaniesPower utilities gain on Delhi tariff hike

    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 Corpand Rural Electrification Corp also gained on expectations utilities would be better placed to pay back their loan commitments.

    first published: Jun 27, 2012 04:32 pm

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