Adani Power shares rally over 10 per cent on report of tariff hikes - Economic Times

Prices | Financials | Company Info | Reports MUMBAI: Shares in Adani Power Ltd gained as much as 10.3 percent 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 Gujarat. The report said the Central Electricity Regulatory Commission (CERC) would allow Adani Power "compensatory" tariffs for electricity from its plant. An external spokeswoman for Adani Power declined to comment. CERC was not immediately reachable. Adani Power shares were up 9 percent as of 0413 GMT. Copyright © 2013 Times Internet Limited. All rights reserved. via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGYyZ5RXZDJcJYH-qATyN6YOw8nvQ&url=http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/adani-power-shares-rally-over-10-per-cent-on-report-of-tariff-hikes/articleshow/19356173.cms

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