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Hitachi Energy, GE Vernova, Siemens Energy, other power equipment stocks crash up to 10%. Here’s why
Indian power sector stocks plunged Friday as reports emerged of a two-year exemption granted to four Chinese electrical equipment firms for government tenders. This move, aimed at easing project delays, allows companies like TBEA Energy and Nanjing Electric India to participate, despite earlier restrictions following the 2020 border clash. The exemption, however, is not to be treated as a precedent.
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economictimes.indiatimes.com
India allows four Chinese-linked power equipment firms to bid for government projects
India has opened the door for four Chinese power equipment manufacturers with local factories to bid on crucial government power projects. This exemption, valid for two years,…
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Hitachi Energy, GE Vernova, Siemens Energy, other power equipment stocks crash up to 10%. Here’s why
Indian power sector stocks plunged Friday as reports emerged of a two-year exemption granted to four Chinese electrical equipment firms for government tenders. This move, aimed at…
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thehindubusinessline.com
Chinese firms crash India’s power party as Nifty hits three-day high
Nifty hits a three-day high despite Chinese firms entering India’s power sector, rattling local stocks and market stability.
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India allows 4 China-linked firms to bid for power projects
India has granted a two-year exemption to four China-linked power equipment manufacturers with local factories, allowing them to bid on critical government infrastructure…
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timesofindia.indiatimes.com
India allows four Chinese firms into critical power tenders; Congress attacks move
India has allowed four Chinese power equipment manufacturers with production facilities in the country to participate in government tenders for critical power projects, according…