Economic TimesLean R·
Hitachi Energy, GE Vernova, Siemens Energy, other power equipment stocks crash up to 10%. Here’s why
The shares of power equipment suppliers like Hitachi Energy, GE Vernova T&D India and others crashed up to 10% on Friday morning despite the overall market uptrend, after media reports said that the government has granted two-year exemption to four Chinese electrical equipment companies to participate in government tenders for critical power projects.Hitachi Energy India shares tumbled nearly 8% to Rs 31,150 apiece, while those of GE Vernova T&D India crashed around 10% to Rs 4,361 apie…
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