CERC tariff order: NTPC at 5-year low, Tata Power zooms 7%
CERC allowed Tata Power & Adani to raise tariffs & receive compensation to make up for losses. The move is a negative for NTPC.
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"We have had so many years of bad performance and now the next five years should be much better than the last six-seven years."
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Gains were also helped as Tata Power surged 5.02% to close at Rs 82.65 on the BSE, after power regulator CERC's nod to raise tariffs.
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