03:19 ET<\/span>
\n<\/span><\/p>\nShares in Tokyo Electric Power Company (Tepco) have plunged to a record low as uncertainty over the crisis at the Fukushima Daiichi nuclear plant continues.<\/p>\n
Tepco shares fell 18% on Tuesday to close at 362 yen.<\/p>\n
Asia’s biggest power company has been struggling to contain radiation leaks at the plant which was damaged by the earthquake and tsunami on 11 March.<\/p>\n
Tepco shares have lost more than 80% of their value since the quake struck.<\/p>\n
The company’s previous all-time low closing price was 393 yen back in 1951.<\/p>\n
Nuclear crisis<\/span><\/p>\nThe company’s Fukushima Daiichi nuclear plant was the worst hit by the earthquake and tsunami.<\/p>\n
As well as radiation leaking into the atmosphere, water contaminated with radioactive material has been channelled into the sea, raising new environmental worries.<\/p>\n
As the company struggles to contain the radiation leak, its stock price has tumbled.<\/p>\n
Investors have also reacted negatively to speculation that the company may be nationalised, despite Prime Minister Naoto Kan dismissing those reports. <\/p>\n
Analysts say markets are worried that even if the company overcame the radiation crisis now, it may still face lawsuits asking for compensation.<\/p>\n
Some analysts have estimated that the company may have to pay as much as 10 trillion yen ($120bn; \u00a374bn) in claims.<\/p>\n
Lost power<\/span><\/p>\nCompensation claims are the not the only worry for the company and its investors. <\/p>\n
Its profits are likely to to be hit hard in the aftermath of the quake and tsunami.<\/p>\n
Tepco is the fourth-largest power company in the world. It supplies about one-third of Japan’s electricity in some of its most densely populated and economically important areas.<\/p>\n
The damage caused to the Fukushima Daiichi nuclear plant has hit its power generating capacity, resulting in blackouts around the country.<\/p>\n
As the company struggles to replenish the lost power, analysts say revenues are likely to be hit and profits dented.<\/p>\n
The company also announced that it will delay the release of its financial results as it assesses the total damage caused by the earthquake and tsunami.<\/p>\n<\/p><\/div>\n<\/p>\n
Read more:
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