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.
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