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Adani Power falls for 2nd day; tanks 9% on SC verdict

Adani Power falls for 2nd day; tanks 9% on SC verdict

Wednesday, April 12, 2017, 6:21 PM

Shares of Adani Power slumped 9% today after the Supreme Court said that power distribution firms cannot charge "compensatory tariff" from consumers and set aside the appellate tribunal's judgement in this regard. Extending last session's sharp losses, shares of Adani Power tumbled 9.01% to close at Rs 33.85 on BSE. During the day, it dived 11.55% to Rs 32.90.
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