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Tata Power, NTPC, PowerGrid: Are power sector stocks likely to dip further?

A new ceheme for the ailing power sector could be on the anvil, which will be aimed at better infrastructure, smart meters, and a private franchisee model for improving power supply in states. This, according to reports, is likely have an estimated capital outlay of Rs 2-2.5 trillion and may replace UDAY (Ujwal DISCOM Assurance Yojana), which ends in March 2020. READ MORE ABOUT IT HERE Meanwhile, electricity generation, according to an Equinomics Research note, declined 13% in October reflecting weakness in Indian economy. The outstanding dues of discoms, it said, have more than doubled .....

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