Shares in Reliance Power fell 5% after the CAG reportedly said the company unduly benefited from a government decision allowing the power producer to use surplus coal from its captive block for another project it was not meant for.
Reports stated that the company is developing a 4000 MW project at Sasan in Madhya Pradesh and was allotted captive blocks to fuel this project.
The stock is currently trading at Rs87, down Rs5. The stock has hit a high of Rs94 and a low of Rs86.