The Tamil Nadu Electricity Regulatory Commission (TNERC) has approved a steep 37% hike in power tariff for one year, effective from April 1. The move would not only be expected to generate an additional revenue of Rs 7,874 crore for Tamil Nadu Generation and Distribution Company (TANGEDCO), but also help it to recover its full costs in the ensuing financial year of 2012-13.
Adani Power is currently trading at Rs 69.15, up by 0.85 points or 1.24% from its previous closing of Rs 68.30 on the BSE. The scrip opened at Rs 69.50 and has touched a high and low of Rs 70.25 and Rs 68.70 respectively. So far 433154 shares were traded on the counter.
Tata Power Company is currently trading at Rs 101.25, up by 0.40 points or 0.40 % from its previous closing of Rs 100.85 on the BSE. The scrip opened at Rs 101.20 and has touched a high and low of Rs 102.35 and Rs 100.15 respectively. So far 148455 shares were traded on the counter.
GVK Power & Infrastructure is currently trading at Rs 17.60, up by 0.20 points or 1.15% from its previous closing of Rs 17.40 on the BSE. The scrip opened at Rs 17.50 and has touched a high and low of Rs 17.80 and Rs 17.45 respectively. So far 590279 shares were traded on the counter.
CESC is currently trading at Rs 274.00, up by 1.85 points or 0.68% from its previous closing of Rs 272.15 on the BSE. The scrip opened at Rs 274.80 and has touched a high and low of Rs 276.85 and Rs 274.00 respectively. So far 1719 shares were traded on the counter.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
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