NHPC, SJVN rally on reports of bailout package to hydropower sector

NHPC, SJVN rally on reports of bailout package to hydropower sector

Shares of state-owned electric utilities companies such as NHPC and SJVN rallied more than 5% each in early morning trade on reports that the government has decided to provide a Rs 16,000-crore bailout package to the hydropower sector, drowning under a spate of stalled and stressed projects.

 

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Credit – Business Standard

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