Shares in Adani Power gained as much as 10.3 per cent on Wednesday after a newspaper reported regulators would allow the power utility company to raise tariffs for electricity provided from its plant in Mundra in the state of Gujarat.
The Central Electricity Regulatory Commission (CERC) will allow Adani Power "compensatory" tariffs for electricity from its Indian plant, the report stated.
A spokesperson for Adani Power declined to comment. CERC was not immediately reachable.
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