Indian electrical equipment stocks fall after Chinese firms get nod to bid for public projects
03/07/2026 05:40
BUZZ-Indian electrical equipment stocks fall after Chinese firms get nod to bid for public projects ** Shares of electrical equipment cos down between 4.2% and 6.1% after India allows four Chinese firms to participate in public procurement orders
** GE Vernova T&D India GETD.NS top loser, down 6.1% at 4530.7 rupees
** Hitachi Energy India HITN.NS falls 5.3% to 31,970 rupees, while CG Power and Siemens Energy India SIEE.NS down 4.5% at 3,389.8 rupees
** Industrial Solutions CGPO.NS down 4.2% at 919.1 rupees
** Reuters reported in January that the finance ministry planned to scrap five-year-old restrictions on Chinese firms bidding for government contracts
(Reporting by Mridula Kumar in Bengaluru)
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Indian electrical equipment stocks fall after Chinese firms get nod to bid for public projects