Reliance Power

  • Reliance Power to buy Jaiprakash's hydropower business July 28, 2014

    New Delhi: Reliance Power Ltd will buy Jaiprakash Power Ventures Ltd's entire hydropower business, the companies said on Monday, in a deal that would make billionaire Anil Ambani's group the largest private hydropower provider in India. Reliance CleanGen Ltd, which with Reliance Power is part of Ambani's Reliance Group, has signed...
  • Sasan Ultra Mega Power Plant set to end state's power woes April 9, 2014

    Reliance Power's equipment for the fourth unit of its Sasan ultra mega power project in Madhya Pradesh has started functioning. The boiler light up has been achieved in respect of the fourth 660 MW unit of the 3,960 MW (6X660 MW) Sasan Ultra Mega Power Plant (UMPP) being developed by Sasan...
  • Delhi BJP passes resolution against over Rs 300 crore subsidy to BSES February 17, 2014

    New Delhi: After a series of attacks by the Aam Aadmi Party, the Bharatiya Janata Party unit in Delhi hit back on Sunday by moving a resolution against the Rs 323 crore subsidy provided to BSES by the Arvind Kejriwal government. BJP claims that Rs 323 crore was actually allotted for...
  • UP: As North India burns under the heat, power cuts add to woes May 31, 2013

    Kanpur: As north India burns under the heat wave, citizens in Uttar Pradesh are finding it tougher to battle the heat with constant power cuts. Uttar Pradesh is facing power outage of upto 12 hours a day. People say the power cuts are causing water shortage too and that domestic...
  • Two Reliance groups lose Rs 20,000 cr market value March 24, 2013

    New Delhi: Amid an intense selling pressure in the stock market, the two Reliance groups headed by Mukesh and Anil Ambani have seen their respective market values skid by about Rs 10,000 crore each in a week's time. With two listed companies, the Mukesh Ambani-led Reliance Industries group saw its...
  • IMG report on coal blocks to be submitted today September 10, 2012

    New Delhi: The Inter-Ministerial Group (IMG) on coal blocks allocations will submit its report to the Coal Ministry of India on Monday as its three-day review of 29 private sector allottees, including Jindal Steel and Power and others in which relatives of politicians held positions, have concluded. "All the coal blocks...
  • CAG reports: Congress, BJP blame each other for corruption August 18, 2012

    The all-too-familiar political blame game has begun following the CAG reports that said that losses worth lakhs of crores of rupees were caused to the national exchequer by the Centre. ...
  • CAG slams UPA Govt, Opposition asks PM to quit August 17, 2012

    New Delhi: The spectre of corruption has come back to haunt the Congress-led United Progressive Alliance Government once again with the Comptroller and Auditor General coming down heavily on the Centre for its "flawed" policy on coal blocks allocation, Delhi international airport and power projects. As soon as the three CAG...
  • Reliance Power shares fall after CAG report August 17, 2012

    Mumbai: Shares in Reliance Power fell more than 6 per cent on Friday after the CAG said the company unduly benefited from a government decision allowing the power producer to use surplus coal from its captive block for another project it was not meant for. Reliance Power, controlled by billionaire Anil...
  • CAG report on power tabled, Reliance Power reacts August 17, 2012

    New Delhi: Reliance Power on Friday reacted to the CAG report on UMPPs or Ultra Mega Power Projects that said that the company had benefited in the Sasan Ultra Mega Power Project, the country's first domestic, coal-based project. "CAG's observations don't factor in the looming coal crunch," it said, adding that...
  • CAG report on power: 'Tata, Reliance favoured' August 17, 2012

    New Delhi: The CAG report on Ultra Mega Power Projects (UMPP) on Friday said that Reliance Power and Tata benefited in the Sasan Ultra Mega Power Project, the country's first domestic, coal-based project. It said that the government gave Reliance Power the permission to use excess coal from three blocks allocated...
  • 3 CAG reports in Parl today, Govt set to face fire August 17, 2012

    New Delhi: CAG reports on the privatisation of the Delhi airport, ultra mega power projects and coal block allocations are likely to be tabled in Parliament on Friday. CNN-IBN has accessed the final draft of the CAG report on coal block allocations which pegs the loss to the exchequer at Rs...
  • Sonata Investment Ltd was part of RADAG: witness February 13, 2012

    New Delhi: A 2G case prosecution witness on Monday told a Delhi court that Sonata Investment Limited, allegedly involved in transfer of funds between Swan Telecom and Reliance ADA Group, was a part of the latter but Anil Ambani was not on its board of directors. "I am aware of Sonata...
  • Jharkhand: Reliance executive killed by Naxals April 6, 2011

    Chatra (Jharkhand): A Reliance Telecom General Manager Manoj Kumar Ojha was killed on Wednesday when two armed men suspected to be members of a splinter Maoist group fired at his vehicle in a village in this district, police said. Ojha's colleague Dhirendra Kumar, who...
  • Anil Ambani to invest Rs 50k crore in Gujarat January 12, 2011

    Ahmedabad: Anil Ambani on Wednesday said his Reliance Group will invest Rs 50,000 crore in Gujarat in the next 5-7 years on various projects as the firm looks to tap opportunities in the state. "We are committing to invest Rs 50,000 crore in the state of Gujarat in gas-based and coal-based...
  • India, China ink multi-billion dollar pacts December 15, 2010

    New Delhi: China Development Bank on Wednesday signed financial pacts worth billions of dollars, including one with Reliance Power and another with ICICI Bank, as part of some 50 business deals sealed during Chinese Premier Wen Jiabao's visit to New Delhi. Premier Wen said during an engagement with business leaders of...
  • Reliance Energy changes name, plans more IPOs April 30, 2008

    Mumbai: Despite the volatile markets and a cold listing of Reliance Power, the Anil Dhirubhai Ambani Group plans to unlock value in the four newly formed entities of Reliance Energy. Even though these may be uncertain times for the stock markets but companies like Reliance Energy are firming up long terms...
  • No foul play detected in Rel Power IPO process March 12, 2008

    New Delhi: The government on Wednesday said the share prices of Reliance Group companies moved up by up to 37 per cent in about a month before the opening of Reliance Power IPO, but subsequent examination of trading of these shares on exchanges did not reveal any foul play. "The prices...
  • Reliance Power dangles carrot, issues bonus shares February 25, 2008

    Mumbai: Reliance Power has now come out with its much-awaited bonus share issue after its poor listing on the Bombay Stock Exchange. On February 11, within minutes of the Reliance Power listing, the share was beaten below the issue price of Rs 450 and more than 42 lakh retail investors saw...
  • Anil Ambani applies balm, issues bonus shares February 24, 2008

    Mumbai: In a bid to reduce losses to shareholders after a dismal listing at stock exchanges, Anil Ambani-promoted Reliance Power Ltd. on Sunday announced issue of bonus shares in the ratio 3:5, which means that the company will issue three free shares for every five shares held. However, RPL said no...
  • Reliance Power board meets over bonus share issue February 24, 2008

    New Delhi: The board of Reliance Power will meet on Sunday to consider issuing free bonus shares to the more than 40 lakh shareholders, excluding the promoters, who had incurred losses investing in their IPO. This move was after huge investor outcry over the poor performance of the stock after...
  • Post the Rel debacle, REC revs up low IPO market February 22, 2008

    New Delhi: After the debacle of Reliance Power, the fortunes of Rural Electrification Corporation (REC) IPO has revived the sentiment somewhat in the badly hit IPO market. The initial public offering from REC opened on February 19 and closed on Friday. It has generated a demand of more than Rs...
  • Reliance Power wants allotment dues before bonus offer February 20, 2008

    Mumbai: Anil Ambani promoted Reliance Power Ltd said on Wednesday that it wants shareholders to pay the balance amount due on allotted shares before it offers bonus shares. In a communication to the Bombay Stock Exchange, the company said as per the terms of issue, where shareholders chose payment method 1,...
  • Rel Power tells shareholders to pay balance February 20, 2008

    Mumbai: Anil Ambani Group company Reliance Power said on Wednesday that it has asked shareholders to make balance payment by February 26 on shares alloted to them in the IPO to be eligible for bonus shares. "The balance amount was due on allotment and a notice for the same has been...
  • Anil's offer of bonus shares brought share 7 pc up February 19, 2008

    Mumbai: Good news for the Reliance Power investor. Anil Ambani's offer of bonus shares brought the share seven per cent up. It also helped the group recover two-third of the market value lost on listing. Reliance Power created a flutter in the stock market when it was first announced. Everyone...
  • Bonus shares spelt spike in Reliance Power stock February 18, 2008

    New Delhi: Retail investors holding Reliance Power stock finally have reasons to smile. The stock had shot up 10 per cent on Monday morning after Anil Ambani announced he would give bonus shares to all stockholders. Ambani’s well-timed move was to compensate for losses suffered after the share price dropped...
  • Anil set to woo investors with free bonus shares February 17, 2008

    New Delhi: Reliance Power is attempting not to lose its investor confidence. It is considering giving free bonus shares to all its shareholders who suffered losses when the company had launched its initial public offering or IPO a week ago. The move is expected to help over four million shareholders...
  • Why Rel Power disappointed you?| ADAG Stocks February 12, 2008

    By Yogesh Chabria Anil Ambani's much-talked about Reliance Power Initial Public Offering (IPO) listed at Rs 430 as against the issue price of Rs 450. What followed next was a whole lot of emotional outbursts — people cursing the stock market, the company, even Anil Ambani. But unfortunately, for many retail...
  • Udayan's Review: All ADAG stocks not like Rel Power February 12, 2008

    Some of the stocks are good stocks in ADAG. Reliance Communication, the high of January was Rs 820, the stock has fallen to Rs 590. One has reservations about the telecom space but in terms of pure valuations that presents a fairly attractive and compelling kind of proposition. Reliance Capital,...
  • Reliance Power dampens hopes of lakhs February 12, 2008

    Mumbai: It was a historic day not only for Dalal Street, but for the Ambani family as well as the stock closed even below its listing price on the first day. Reliance Power dampened the hopes of lakhs of investors who planned to make a quick buck from its initial...