Tata Power Gained Over 3 Percent On The Back Of An Order Win - Dollar Advisory Financial Services

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Tuesday 26 December 2017

Tata Power Gained Over 3 Percent On The Back Of An Order Win

Shares of Tata Power gained over 3 percent on the back of an order win by its arm in Russia.

Tata Power’s Russian subsidiary Far Eastern Natural Resources LLC has bagged the mining licence for a thermal coal mine in Kamchatka province in far east Russia.

"The subsidiary participated in the financial auction process at Petropavlovsk, Kamchatka today and was awarded a license at approximately USD 4.7 million," Tata Power said in a BSE filing.

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