Power stocks fall as government unveils ₹1.86 lakh crore scheme
In short
Power stocks fell on Thursday after the government announced the ₹1.86 lakh crore PM-DHARA scheme. The plan is meant to improve transmission and renewable-energy infrastructure for 135 GW of renewable power. It also includes ₹50,000 crore for 50 GWh of battery storage and ₹54,082 crore in central support.
This matters for Tata Power, Adani Power, NTPC and Power Grid, but the stocks still dropped. What investors make of the scheme next is not stated in the available reporting.
What the reporting says
Power stocks fell on Thursday as the government unveiled the ₹1.86 lakh crore PM-DHARA scheme to boost transmission and renewable-energy infrastructure. The reported plan is meant to support 135 GW of renewable capacity and includes ₹50,000 crore for 50 GWh of battery storage and ₹54,082 crore in central financial support. The immediate market reaction was weak, while the completion timeline was given as FY33.
Why it matters
Power shares came under pressure on Thursday even after the government announced the ₹1.86 lakh crore PM-DHARA scheme. The plan is designed to improve transmission and renewable-energy infrastructure for 135 GW of capacity, with ₹50,000 crore for battery storage and ₹54,082 crore in central financial support. The reporting does not say why investors sold the stocks or how much each name moved.