Shares of JSW Energy hit a fresh 52-week high of Rs 120.35, up 9 per cent on the BSE, in the intra-day trade on Wednesday on the back of a two-fold jump in trading volumes after global rating agencies Moody s Investors Service and Fitch Ratings assigned long-term ratings to the JSW Energy s wholly-owned subsidiary, JSW Hydro Energy Limited with stable outlook. The rating has been assigned to JSW Hydro Energy Limited s proposed US-dollar senior secured notes due 2031.
The stock of the electric utilities company surpassed its previous high of Rs 116 touched on May 4. Menawhile it had hit an all-time high of Rs 136 on September 6, 2010. At 02:11 pm, JSW Energy shares were trading 7 per cent higher at Rs 117.95 on the BSE, as compared to a 0.47 per cent rise in the S&P BSE Sensex. A combined around 22 million equity shares had changed hands on the NSE and BSE till the time of writing of this report.
1168 The shortage of field staff and poor infrastructure has affected power supply in Palampur and its adjoining areas.
Ravinder Sood
Palampur, February 7
The shortage of field staff and poor infrastructure has affected power supply in Palampur and its adjoining areas. Rural areas are the worst affected as there is no one to address public complaints after 5 pm.
In the past 10 years, Palampur has witnessed vast urbanisation as over 10,000 new houses have come up but the power supply infrastructure has remained the same as it was 10 years ago.
At present Palampur has no independent power substation and the town and the adjoining areas are dependent on the decade-old Maranda substation, which is already overburdened leading to frequent power cuts.