Meanwhile, the BSE Sensex was up 82.89 points, or 0.43%, to 19,512.12.

On BSE, 1.75 lakh shares were traded in the counter as against average daily volume of 7.52 lakh shares in the past one quarter.

The stock hit a high of Rs 8.18 and a low of Rs 8 so far during the day. The stock had hit a 52-week high of Rs 16.18 on 4 January 2013. The stock had hit a 52-week low of Rs 7.70 on 6 June 2013.

The stock had underperformed the market over the past one month till 7 June 2013, sliding 15.45% compared with the Sensex's 2.3% fall. The scrip had also underperformed the market in past one quarter, declining 25.43% as against Sensex's 0.08% gain.

The small-cap power has an equity capital of Rs 2642.73 crore. Face value per share is Rs 10.

Indiabulls Power after trading hours on Friday, 7 June 2013 said that first unit (270 megawatt) of its 1350 megawatt (5x270 megawatt) phase I thermal power plant at Amravati, Maharashtra has commenced commercial operation and has started supply of power under long term power purchase agreement to Maharashtra State Electricity Distribution Company.

Indiabulls Power is currently developing thermal power projects with an aggregate capacity of 5400 megawatt.