Reliance Power in race for Australia firm, stock up

Three top Indian companies, including Reliance Power, Aditya Birla Group’s Essel Mining and the RPG Group, have been shortlisted for final round discussions to buy a strategic stake in Australian coal mining firm, MetroCoal. The Australian company plans to raise $600-700 million from the sale.

At 12 am, the stock was at 117.55, up 0.25 per cent on the NSE. It touched a high of Rs 118.50 and low of Rs 117.25 in trade so far.