Sunday, August 17, 2008

Tariff hike politics could affect Torrent Power

Torrent Power has requested for revised tariffs for its 20 lakh customers in Ahmedabad, Gandhinagar and Surat. The revised tariffs would add Rs. 550-1,600 crore to company's topline.

The Gujarat Electricity Regulatory Commission (GERC) has started hearing on the petition, while individuals, trade & industry bodies and political parties have opposed the company’s move. While the opposition Congress and CPM have opposed the proposal citing already high inflation, the ruling BJP has however kept mum.

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