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LATEST NEWS UPDATES | Big beneficiaries of Tranche IV stimulus: Adani, Vedanta, Tata Power, Anil Ambani's Reliance -Nevin John

Big beneficiaries of Tranche IV stimulus: Adani, Vedanta, Tata Power, Anil Ambani's Reliance -Nevin John

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published Published on May 16, 2020   modified Modified on May 17, 2020

-BusinessToday.in

Finance Minister Nirmala Sitharaman's reform announcements related to coal, aviation, power sectors will suit these players

* Adani Power, Tata Power, JSW Energy, Reliance Power will lock horns in the bid for thermal coal blocks

* Existing captive users like Tata Power, Reliance Power, Tata Steel must bid at regular intervals to retain mining licence

* Adani Enterprises Ltd had recently emerged as the highest bidder for six airports

* Adani bought the Mumbai distribution business of Reliance Infrastructure in 2017

The major beneficiaries of Finance Minister Nirmala Sitharaman's fourth tranche of economic relief package will be business groups like Adani, Anil Ambani's Reliance Group, Vedanta and Kalyani, besides companies like Tata Power, JSW Steel, GVK, Hindalco and GMR. Adani Group will be able to tap new opportunities coming up in sectors like coal, minerals, defence, power distribution and airports, while Vedanta and Aditya Birla group's Hindalco will be able to cash in on projects in coal and minerals mining.

The FM announced strategic reforms in eight sectors - coal, minerals, defence production, airspace management, airports, power distribution companies in Union Territories, space and atomic energy. She spoke about building coal evacuation infrastructure spending Rs 50,000 crore. The government also wants to auction six more airports to private companies and wants to build another 12 in public-private partnerships. In fact, many of these projects are time consuming and it will not help the country in coming out of the coronavirus crisis immediately.

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BusinessToday.in, 16 May, 2020, https://www.businesstoday.in/current/economy-politics/big-beneficiaries-of-tranche-iv-stimulus-adani-vedanta-tata-power-anil-ambani-reliance/story/404040.html


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