R-Power surges on Sasan funding

The Reliance Power stock rose 5.05 per cent to Rs 125.95 on the announcement of financial closure for its Sasan power plant. The Rs 19,400-crore Sasan UMPP will be funded on a 75:25 debt-equity ratio.

State Bank of India is the lead lender for the project. The stock made an intraday high of Rs 128.70 and a low of Rs 118.85 with trading volumes of 5.35 million shares.