ADVERTISEMENT

Power firm shares jump after PMO tweets about fuel supply agreement

The Italian economy contracted a quarterly rate of 0.7 percent in the last three months of 2011, ISTAT said, marking the second straight quarterly decline, the official definition of a recession.

Irate passengers at a closed Kingfisher Airlines counter, Mumbai airport - Source: AP
Irate passengers at a closed Kingfisher Airlines counter, Mumbai airport - Source: AP
Shares of power producing companies closed with big gains after Prime Minister Manmohan Singh initiated the clearance of coal supply to private sector power producers. "Prime Minister initiates clearance of coal supply to private sector power producers. Coal India will sign long term Fuel Supply Agreements," a tweet from the PMO account said.Shares of Adani Power jumped 13 per cent, Reliance Power soared 12.7% and Tata Power ended 6 ...
Register for Free
to continue reading
OUR NEWSLETTERS
By signing up you agree to the Terms & Conditions of NDTV Profit