The finance ministry’s decision to offer concessional corporate tax to new power projects will stand to benefit state-owned NTPC and upcoming renewable energy projects.
In her Budget speech on Saturday, Finance Minister Nirmala Sitharaman said the Centre is extending “concessional corporate tax rate of 15 per cent to new domestic companies engaged in the generation of electricity” in order to promote investment in the power generation sector. Sector executives, however, said no other company, apart from NTPC, is planning new projects in the thermal power ...
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First Published: Sun, February 02 2020. 20:44 IST
