Indian private power firms gain on potential bailout, privatisation for state power utilities

Power Grid of India

29/10/2025 10:22

** Shares of private utilities such as Torrent Power TOPO.NS, Tata Power TTPW.NS and Reliance Power RPOL.NS rise 3%-6% on Wednesday

** Reuters reported that India is considering a bailout exceeding 1 trillion rupees ($12 billion) for debt-laden state-run power distribution companies

** Under the proposed plan, states would need to privatise their electricity utilities and transfer managerial control, or retain control but list them on stock exchanges

** Private companies are expected to benefit from the reforms as they are likely to gain stakes in the state-run companies

** State-run power firms NHPC NHPC.NS, Power Grid PGRD.NS and Power Finance Corp PWFC.NS also gained, ending 2.8%, 2.5% and 3.6% higher, respectively, after hitting session highs on the news

 (Reporting by Nishit Navin in Bengaluru)

 ((nishit.navin@thomsonreuters.com))