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Sesa Sterlite, Adani Power gain on coal supply hopes

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Reuters
Last Updated : Dec 27 2013 | 2:06 PM IST

Reuters Market Eye - Shares of Sesa Sterlite, Adani Power and GMR Infrastructure gain after the cabinet on Thursday approved the supply of additional coal from Coal India Ltd to nine power plants.

Dealers say the supplies could be done at cheaper rates, improving the power production outlooks for these companies.

At 1.49 pm, shares of Adani Power up 1.1 percent, Sesa Sterlite up 1.3 percent, while GMR adds 0.6 percent.

(Reporting by Indulal PM)

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First Published: Dec 27 2013 | 1:49 PM IST

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