Power stocks fall despite Rs.1.86 lakh crore PM-DHARA scheme: Tata Power, Adani Power, NTPC, Power Grid in focus
New Delhi, Oct. 1 -- Power stocks came under pressure in Thursday's trading session, with several major names declining even as the government announced a major Rs.1.86 lakh crore push to strengthen the country's power transmission infrastructure and integrate renewable energy into the grid.
Tata Power fell 1.7% to Rs.353.95, while Torrent Power declined 1.7% to Rs.1,224. Adani Power slipped 1.6% to Rs.200.55 and Power Grid fell 1.4% to Rs.256.85. NTPC was down 1.1% at Rs.318.25.
Among other power stocks, JSW Energy declined 0.8%, while Suzlon Energy fell 0.7%. Vedanta Power was down 1.3% at Rs.32.44.
The weakness in the sector came against the backdrop of the Union Cabinet's approval of the PM-DHARA scheme, a major infrastructure init...
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