SJVN, NHPC, Power Grid zoom to new highs on budgetary push
Fri, Feb 2, 2024 2:35 PM

SJVN, NHPC, Power Grid zoom to new highs on budgetary push

A Flip by Avya Verma
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Shares of state-run power companies SJVN, NHPC and Power Grid surged up to 14 percent to new highs on February 2, a day after Finance Minister Nirmala Sitharaman announced an increase in budgetary allocation to the sector in the interim budget. The allocation was 17 percent higher at Rs 93,200 crore from the revised estimates of Rs 79,616 crore last year. Investors reacted positively to NHPC.

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