After a sharp runup in the early 1990s, shares skidded sideways from 1993 to 1995 amid concerns about Enron's Dabhol power plant in India--which has since shut down--and a disastrous gas-purchase contract in the North Sea.
However, a spokesperson for Enron told the BBC that the average price of power per unit sold to the state government in the last year came to five Rupees and the cost will come down further once the Dabhol Power Co becomes a fully gas-based plant.