Power stocks glow on hopes Centre will hike import duty on equipment.

Byline: R.Yegya Narayanan

Power generation firms may face higher installation costs

News that the Centre will consider imposing higher duty on imported power equipments which may work to the advantage of domestic power equipment manufacturers perked up the stocks of domestic equipment makers such as BHEL and BGR Energy Systems today.

The feel good factor also rubbed on to power PSUs such as Power Finance Corporation and Rural Electrification Corporation Ltd. It was not merely the share price but also the volume that zoomed in these counters.

However, power generating companies such as Reliance Power, Adani Power and NTPC did not gain much value. …