Shares of RPower declined by 3% to Rs117 hitting an intra-day high of Rs119 and a low of Rs111 and recorded volumes of over 20,00,000 shares on BSE. The company's shares have fallen ~51% since listing in February compared to a 39% drop in benchmark 30-share Sensex.
Reliance Power said that it was looking for long-term coal supply contracts from Indonesia, Chalasani. The company also sad that It would consider acquiring stakes in Indonesian coal mines.
