Power and Embedded Power Compaines to benefit:
This headline was flasing on www.livemint.com , it disappeared after 10-15 mins I got the same piece of news from sumanspeaks.blogpsot.com (Mr. Suman Mukharjee our old group member in Yahoo groups)
There are indications from the sources, that Power Companies may get tax holiday’s, custom duty waiver for over 25 MW projects. If this is to happen it’s a big positive for the power sector and companies and embedded power plays, like Reliance Energy, NTPC , Kanishk Steel Industries Ltd(it’s 70 Mw power project is expected to be complete by June, 2008. It already have good power production capacity for commercial and for domestic purpose), Monnet Ispat(it already has 60 Mw of power capacity and planning some more), Tata Power etc. which are already in a expansion mode may be benefited hugely from this move.
Regards
Pratik
