The Supreme Court on Tuesday (11 April) set aside an order by the Appellate Tribunal For Electricity allowing compensatory tariff to Tata Power Ltd and Adani Power, sending down shares of both companies.
Shares of Tata Power reversed early gains to fall as much as 6.78 per cent, while Adani Power slumped up to 20 per cent to its lowest since 21 February.
The tribunal, in April last year, had said that the two companies needed to be compensated as the change in Indonesian laws on coal export prices were outside the control of these
(Reuters)
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