Shares of electric utilities and power finance companies rallied up to 10 per cent on the BSE on Thursday after Finance Minister Nirmala Sitharaman announced a special liquidity infusion scheme for the ailing power distribution sector, through which it is looking to infuse around Rs 90,000 crore in the distribution companies (discoms).
Adani Power, Tata Power, Torrent Power, REC, CESC, Adani Transmission, Power Finance Corporation, and Indian Energy Exchange (IEX) were up between 3 per cent and 10 per cent in early morning trade today. Besides, Bharat Heavy Electricals (BHEL), Kalpataru Power Transmission and KEC International from the heavy electrical equipment sector were trading in green on the BSE. In comparison, the S&P BSE Sensex was down 1.4 per cent at 31,552 points at 09:26 am.
