Adani Power receives Rs 3,000 crore dues from Rajasthan discoms
Adani Power has received Rs 3,000 crore dues with interest from the state-owned power distribution companies of Rajasthan as compensation for higher fuel costs. Shares of Adani Power hit 10% upper circuit on the Bombay Stock Exchange on Tuesday, a 52-week high at Rs 233 apiece.
On February 25, the Supreme Court asked the Rajasthan discoms to pay Rs 3,048.63 crore along with interest within four weeks, failing which the discom officials were to appear in person. It also rules that the discoms would otherwise be liable for contempt of court.
