Shares of Reliance Power erased early gains and declined by 3% to s178. According to reports twelve financial institutions sanctioned Rs16bn to Reliance Power to part-finance the first phase of a 600MW Group aptive Power Project (GCPP) at Butibori in Maharashtra. The scrip touched an intra-day high of Rs191 and a low of Rs175 and recorded volumes of over 5.8mn shares on BSE.
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