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R-Power surges on Sasan funding

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BS Reporter Mumbai

The Reliance Power stock rose 5.05 per cent to Rs 125.95 on the announcement of financial closure for its Sasan power plant. The Rs 19,400-crore Sasan UMPP will be funded on a 75:25 debt-equity ratio.

State Bank of India is the lead lender for the project. The stock made an intraday high of Rs 128.70 and a low of Rs 118.85 with trading volumes of 5.35 million shares.

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First Published: Apr 23 2009 | 1:30 AM IST

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