Anil Ambani-promoted Reliance Power reported a net profit of Rs 320 crore for the quarter ended March 31, primarily due to higher electricity sale.
Anil Ambani-led Reliance Power has won an in-principle approval of the Bangladesh government for the first phase of the 3,000 megawatt LNG-based power plant.
Reliance Power’s scrip today rose 4 per cent after the company posted a 38 per cent jump in its consolidated net profit for the December quarter.
The Supreme Court on Monday agreed to hear Reliance Power-owned Sasan Power Ltd’s appeal challenging the Madhya Pradesh High Court’s order…
The Anil Ambani-led Reliance Power has decided to sell three coal mines in Indonesia and concentrate on coal mining business in the country to support Prime Minister Narendra Modi’s initiative of ‘Make in India’.
Reliance Power today reported 41 per cent jump in consolidated net profit at Rs 344.34 crore in the quarter ended June 30, 2015 on the back to higher sales of electricity.
Reliance Group seeking loan refinance for Sasan UMPP as well
Anil Ambani promoted Reliance Power and Adani Power signed separate memorandums of understanding with state-run Bangladesh Power Development Board (BPDB).
Anil Ambani-led Reliance Power today signed an agreement to invest USD 3 billion in setting up a mega power plant and a floating LNG import terminal in Bangladesh
Narendra Modi in Bangladesh: Representatives from the Adani Group as well as Reliance Anil Dhirubhai Ambani Group’s Reliance Power are also part of the visit to sign the key projects.
On Tuesday, Reliance Power announced its withdrawal from the Tilaiya UMPP.
Out of the 16 envisaged projects, only four have been awarded so far, with Reliance Power grabbing three and Tata Power bagging the other one.
Sorting out stalled projects won’t be easy
Reliance Power was awarded the Tilaiya UMPP in February 2009 via tariff-based biddin.
Reliance Power’s move to terminate PPP for the proposed UMPP at Tilaiya in Jharkhand dealt blow to the government’s UMPP plans.