In such weak enviroment Anil Dhirubhai Ambani Group (ADAG) are in focus on reports that the Comptroller and Auditor General ( CAG) softens stand over the issue of the government allowing windfall gains to Anil Ambani led - Reliance Power to divert surplus coal from Sasan and Tilaiya ultra-mega power projects' captive mines to fuel its other plants.
At 11.02 am Reliance Infrastructure (R-Infra) up by 6.54%, Reliance Power up by 4.15%, Reliance Communications(Rcom) up by 2.42%, Reliance Capital up by 2.18%, Reliance Broadcast Network (RBN) up by 1.08% and Reliance MediaWorks up by 0.88%.
“The final draft of a report on performance audit of coal mine allocations, prepared by CAG's principal director of commercial audit, accepted the power ministry's argument that the provision of such diversion of surplus fuel from captive mines was part of the original bid documents,' report suggests.
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At 11.02 am Reliance Infrastructure (R-Infra) up by 6.54%, Reliance Power up by 4.15%, Reliance Communications(Rcom) up by 2.42%, Reliance Capital up by 2.18%, Reliance Broadcast Network (RBN) up by 1.08% and Reliance MediaWorks up by 0.88%.
“The final draft of a report on performance audit of coal mine allocations, prepared by CAG's principal director of commercial audit, accepted the power ministry's argument that the provision of such diversion of surplus fuel from captive mines was part of the original bid documents,' report suggests.
....more info