Adani Power Stock Jumps By Close To 8% After Getting Relief From CERC


Here comes the relief to the Adani Power from the Central Electricity Regulatory Authority (CERC).
The CERC has recently granted full compensation to Adani Power for the rise in the cost of electricity generation at its 4620-MW thermal power plant at Mundra, Gujarat due to increased domestic levies on imported coal, reported the leading national business daily.
 
This pumped in a sigh of relief among the investors and they started buying the Adani Power Limited stock with huge volumes. As of 1019 hours on Tuesday, the traded volume of the stock stands at 2,46,12,098 shares and traded value of Rs 80.06 Cr.
 
The stock has touched an all-time high of Rs 33.7 per share up by around 11% in the first hour of trading on Tuesday.


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