Profit

Adani Power shares rally on media report of tariff hikes

 Share
EMAIL
PRINT
COMMENTS
Adani Power shares rally on media report of tariff hikes
Mumbai: 

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.

Adani Power shares were up 14 per cent as of 10:07 am.

Copyright @ Thomson Reuters 2013

 



Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top