Power companies’ shares rally as PM Modi vows to delicense distribution - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Power companies’ shares rally as PM Modi vows to delicense distribution

Shares of Bharat Heavy Electrical Ltd closed 7.3% higher on the BSE on Thursday while Torrent Power scrip ended the day 8% up while government officials held a series of meetings with industry captains and associations on the proposed legislative amendments to delicense power distribution and other announcements made in the Union budget.

from Industry-Economic Times
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