Sabyasachi Majumdar of CARE Ratings anticipates that there will be ample electricity available from various sources. The distribution companies’ cooperation is crucial. Despite high costs, gas-based generation remains open for the peak season. Short-term tariffs are expected to stay elevated for now, driven by the robust PLFs and an election-year dynamics.
Promoter Ajay Singh sells nearly 1% stake in SpiceJet for Rs 52 crore
Ajay Singh, one of the promoters and MD of SpiceJet, on Thursday divested nearly 1 per cent stake in the budget airline for Rs 52