What to Watch. Will relief to Sasan Power boost Reliance Power?

Updated - October 19, 2018 at 09:05 PM.

 

Shares of Reliance Power may see some interest, as its wholly-owned subsidiary Sasan Power has won an arbitration award against North American Coal Corporation (NACC). In a suit, NACC had claimed about $32 million (₹235 crore) consisting of liquidated damages, interest and legal cost. Pursuant to the award, Sasan Power is required to pay only $2.3 million to NACC (₹17 crore). Shareholders of Reliance Power will closely monitor the development further.

Published on October 19, 2018 15:35