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)
Recent news on Siemens Energy India
See all newsSiemens Energy India jumps most in over 2 months after profit surge
Brief: Siemens Energy India June-Quarter Profit 4.41 Billion Rupees
Brief: Siemens Energy has increased stake in Siemens Energy India to 16%, CFO says
Brief: S & S Power Switchgear Gets Order With Value More Than 80 Million Rupees
Indian electrical equipment stocks fall after Chinese firms get nod to bid for public projects