Delhi High Court restrains coercive steps against Reliance Power's Krishnapatnam UMPP

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Delhi High Court restrains steps against Reliance Power
Reliance Power has informed the Bombay Stock Exchange that the Delhi High Court has passed an order on March 20, 2012, directing that no coercive steps shall be taken for the time being against the company by or on behalf of any of the States procuring power from the proposed Krishnapatnam UMPP being developed by the company's wholly owned subsidiary, Coastal Andhra Power Limited.

Referring to articles appearing in the media, Reliance Power said that the change in regulations in Indonesia has impacted all imported coal projects in India, with nearly 15,000 MW capacity involving an outlay of Rs 75,000 crores.

The shares of Reliance Power were trading at Rs 125.25, down Rs 0.45 on the Bombay Stock Exchange at 12:29 pm.

Read more about: reliance power, bse
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