Tata Power, Adani Power climb after SC rejects RBI loan default guidelines

Tata Power Company Ltd’s shares rose as much as 3.49 per cent to Rs 77 rupees, while Adani Power Ltd climbed as much as 6.47 per cent to Rs 51.85 today

The Supreme Court on Tuesday dismissed a Reserve Bank of India circular that gave firms 180 days for debt resolution, failing which the issue would be taken under the country’s bankruptcy court.

Shares of Power Grid Corporation of India rise as much as 2.68 per cent to Rs 200.8, in their biggest intraday per cent gain since March 15

Adani Power stock hits highest since March 19.