Tsunami fears: Tata, Adani Power plunge, CIL could gain

The markets too felt the tremor as news came in of an 8.7 magnitude earthquake in Indonesia. The Sensex fell 10 points on fears of tsunami alerts in 28 countries. But at the very end of the trading day, markets recovered as reports said the impact of tsunami would not be that grave. The Sensex just about managed to close in the green though the average numbers at the closing will pull it down.

Here are a few stocks impacted by the Indonesian earthquake news:

1. Adani Power, which has long-term supply agreements and mining rights in the Bunyu Island of Indonesia, will affected since 70 percent of the requirements at Mundra is supposed to be met with imported coal. Adani is not being able to source domestic coal because of shortage. The company closed 2.21 percent down at Rs 70.90.

2. Tata Power: It owns 30 percent equity stake in major Indonesian thermal coal producers, PT Kaltim Prima Coal and PT Arutmin Indonesia, as well as related trading companies owned by PT Bumi Resources Tbk. Tata Power closed 1.87 percent down at Rs 102.45.

3. JSW Energy also sources most of its coal from abroad as it has no captive mines. It runs almost 2,100 MW of operational capacity on imported coal which is expected to increase to 3,140 MW by the end of 2013. The stock close 2.5 percent down at at Rs 56.45.

4.Lanco Infratech could also see negative impact as it runs a 1,200 MW plant fueled entirely by imported coal. The stock was down 1.6 percent at Rs 18.30.

5. Coal India may be impacted positively due to the earthquake as power companies sourcing more coal from Indonesia will now have to be more dependent on the e-auction sales of CIL for their requirement for power projects. The stock was down 0.5 percent at Rs 331.45.