Power stocks surge as govt orders coal-based plants to run at full capacity

The government has invoked emergency powers under Section 11 of the Electricity Act to impose the rule as it expects record surge in power demand this summer

Shares of power companies and related stocks were in demand in Tuesday’s trade following the power ministry’s mandate that imported coal based plants will be run at full capacity in the run up to the summer season. 

The BSE Power index rose over 1 per cent intra-day with the gains being led by Adani Power, which was locked in the 5 per cent upper circuit for the fourth day.  

NTPC jumped nearly 3 per cent and was the lead Sensex winner. Tata Power, JSW Energy, CG Power, Godawri Power and Ispat , NHPC and Power Grid were trading 1-4 per