Adani Power soars over 5% on securing coal blocks

Adani Power soars over 5% on securing coal blocks

20/09/2017 12:18

Shares of Adani Power surged over 5 per cent on the Bombay Stock Exchange after two associated companies managed to secure a shade over one-third of the total coal auctioned by Coal India under the Shakti scheme, as per Business Standard report.

Boosted by the development, shares of the company gained as much as 5.05 per cent to trade at intra-day high of Rs 33.25 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the company were trading 2.37 per cent higher at Rs 32.45 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 32,421.94, up 19.57 points, or 0.06 per cent, at 12:10 hours.

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