/ Adani Group Stocks Lose Sheen Down Upto 6.5% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 23 May 2017

Shares of Adani Group companies including Adani Enterprises, Adani Ports and Special Economic Zone, Adani Power and Adani Transmission were down by 6.5% during Tuesday’s trading session.

Adani Enterprises is down by 6.5%, Adani Ports is down by 2.9%, Adani Power is down by 3.9% and Adani Transmission is down by 4% in Tuesday’s trading session at 1150 hours.

The CERC has recently granted full compensation to Adani Power for the rise in the cost of electricity generation at its 4620-MW thermal power plant at Mundra, Gujarat due to increased domestic levies on imported coal, reported the leading national business daily.

Adani Enterprises on Monday has held its final call on investment in the Australian coal project as the state government of the Queensland is yet to ink a royalty agreement for the mine, reported a leading news agency.

Adani ports, on Saturday, informed that meeting of the company's board of directors will be held on May 24, 2017, to consider raising of funds by issue of equity shares/ convertible bonds through QIP/ GDR/ ADR/ FCCBs, as per BSE filing.

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