Indonesian Earthquake Shakes Indian Power Stocks
DSIJ Intelligence / 11 Apr 2012
An earthquake of magnitude of 8.9 Richter scale in Indonesia has rocked the Indian power stocks on the bourses. A tsunami alert has also been issued along the east coast of the India. On the bourses the power stocks have fallen after the news of earthquake in Indonesia.
Indonesia is the largest coal exporting country in the world. Emerging countries like India, China are dependent on the coal from Indonesia. After the earthquake if the physical damages are of high magnitude and then there could be some issues related to the mining as well as logistics. On the fears of the same the stocks that are dependent on the Indonesian coal have tumbled. Investors should take note of this.
| Name of the company | % change |
|---|---|
| Reliance Infra | -4.02% |
| Adani port | -3.60% |
| Adani Enterprises | -2.49% |
| Reliance Power | -2.35% |
| JSW Energy | -2.33% |
| Adani power | -2.00% |
| BHEL | -1.88% |
| Tata power | -1.82% |
| Gvk power | -1.75% |
| Lanco infra | -1.34% |
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