Meanwhile, the BSE Sensex was down 16.05 points, or 0.09%, to 18,222.26 On BSE, 1.99 lakh shares were traded in the counter as against an average daily volume of 3.77 lakh shares in the past one quarter. The stock hit a high of Rs 136.25 and a low of Rs 133.20 so far during the day. The stock had hit a record high of Rs 144.45 on 11 August 2010 and a record low of Rs 90.25 on 5 November 2009. The stock had underperformed the market over the past one month till 2 September 2010, falling 1% as compared to the Sensex's 0.87% rise. However, it outperformed the market in the past one quarter, surging 12.07% as compared to the Sensex's return of 8.94%. The large-cap power projects developer has an equity capital of Rs 2180.03 crore. Face value per share is Rs 10. As per reports, Adani Power and its Indonesian arm PT Adani Global are among four groups selected by Kosovo government to bid to build two coal-based units of 560 megawatt (MW) and 678 MW and extract the fuel for use by the plants. Final bids for the project are expected to be issued by next month and to be submitted by February 2011. The winning group will secure mining rights for about 330 million tonne of lignite from the Sibovc South area in Kosovo to supply to both units. Lignite is a brown-colored, low-ranked coal with a high moisture content used for power generation. Adani Power reported a net profit of Rs 114.48 crore for Q1 June 2010, compared with a net loss of Rs 0.53 crore in Q1 June 2009. Net sales stood at Rs 353.08 crore in Q1 June 2010. No sales were reported in the corresponding period of the previous year. Powered by Capital Market - Live News |