The twin problems of AT&C losses and under-recoveries on sale to certain households or farmers in some States have existed for close to a quarter century
The Centre is planning to launch ‘another’ scheme to enable public sector power distribution utilities (discoms) to cut technical losses
Smart meter play triggers smart rally in select power stocks moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Multibagger power financing stocks PFC and REC continue downward trend, with PFC down 4% and REC down 2% for second day. RBI s proposal for stricter regulations on project finance leads to sell-off. Analysts remain confident, suggesting no signs of caution for short-term investors.
Shares of PSU stocks dropped by up to 13% as RBI imposed stricter regulations on project loans during the construction phase, with provisions set at 5%. Power financing companies like PFC and REC witnessed sharp declines.