Govt likely to arm NTPC with financial power (The Economic Times 1st Dec 2008)NTPC, the country’s largest state-owned power producer, may soon be armed with more financial power to compete with its private sector counterparts to bid for state sector projects. The government is considering a proposal to waive the ceiling of Rs 1,000 crore for equity investments by NTPC in power projects where competitive bids have been invited by state distribution licensees. The proposal, once approved, will enable NTPC to make equity investment of over Rs 12,000 crore in state projects to add over 10,000 MW of additional capacity. More
Sensex today closed 691.55 point up at 19854.12 , Nifty was up 218 points at 5985.10. It is the 6th bigeest gain in oneday. Today's main contributors are IT stocks. Wipro was up at 535.30 (+8.86%), Infosys up at 1810.90(+6.63%) and Satyam closed at 454.55 up by 6.28%. The buying activity was wide-base and lifted almost all the sectoral indices. Sector wise performance was as follows - BSE IT 4581.61 (+260.98) BSE Healthcare 4294.83(+52.30) BSE FMCG2218.74(+20.29) BANKEX 11101.74 (+363.15) BSE Auto5586.83(+45.57) BSE TECk3961.96 (+185.00) BSE PSU 9830.01 (+317.11) Today BSE Midcap closed at 9211.71 up by 186.17 and BSE Smallcap index closed at 11980.57 up by 167.25 points.
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