Adani Powergained on Monday after it has
received carbon credits under the Clean Development Mechanism (CDM)
of the United Nations Framework Convention on Climate Change
(UNFCCC) for the phase III of its 4,620 MW power plant in Mundra,
Gujarat. 
This achievement makes the Mundra plant
the world"s first coal fired power project to receive carbon
credits, the company said. With this measure, the plant is expected
to generate about 1.8 million Certified Emission Reductions (CERs)
each year. Adani Power is expected to earn Rs 6 billion by trading
these carbon credits during the first 10 years of its operations,
it added. Shares ofthe companyare trading at Rs 41.85, up Rs 0.9,
or 2.20% at the Bombay Stock Exchange (BSE) on Monday at 12:51
p.m.The scrip has touched an intra-day high of Rs 42.30 and low of
Rs 39.55. The total volume of shares traded at the BSE is
850,776.In the earlier session, the shares lost 2.5%, or Rs 1.05,
at Rs 40.95. Currently, the stock is trading down 56.72% from its
52-week high of Rs 96.70 and above 13.72% over the 52-week low of
Rs 36.80.
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