Tata Power Co Ltd rises 4.5 per cent, NTPC Ltd is up 2.9 per cent, Adani Power Ltd gains 6.9 per cent and JSW Energy Ltd is 7.8 per cent higher.
Shares of power producers gain sharply after the finance minister proposed a 10-year tax holiday for power generation companies.
Tata Power Co Ltd rises 4.5 per cent, NTPC Ltd is up 2.9 per cent, Adani Power Ltd gains 6.9 per cent and JSW Energy Ltd is 7.8 per cent higher.
Arun Jaitley in his speech on Thursday said "To promote cleaner and more efficient thermal power, I propose to allocate an initial sum of 100 crore for preparatory work for a new scheme 'Ultra-Modern Super Critical Coal Based Thermal Power Technology'."
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