Reliance Power, Anil Ambani led company engaged in development and operation of power projects, said Thursday the company along with its wholly owned subsidiary Sasan Power filed a writ petition before the High Court of Delhi challenging the notification issued by the Ministry of Coal, being the Gazette Notification dated May 7, 2015.
The Government notified the withdrawal or cancellation of the allocation letter allocating Chhatrasal coal block to Sasan Power for the Sasan Ultra Mega Power Project, and the Gazette Notification dated Feb. 17, 2010.
Shares of the company gained Rs 1.6, or 3.93%, to settle at Rs 42.35. The total volume of shares traded was 1,118,393 at the BSE (Thursday).