Centre asks Haryana to fast-track stock listing of four state-owned power companies
Gurugram, Oct. 29 -- The Union power ministry has asked the Haryana government to expedite the stock-market listing of its four state-owned power companies to attract investment, raise capital for modernisation and reduce dependence on state budgetary support, officials said on Wednesday.
The move comes amid concerns over privatisation following last week's strike by four power employees' unions against the Haryana Electricity Regulatory Commission (HERC)'s decision to grant a 25-year parallel distribution licence to Eleven Power Private Limited in Gurugram and Nuh.
In an October 19 letter to the Haryana chief secretary, a copy of which is with HT, the Union power secretary said the four companies were eligible for listing, which would ...
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