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Reliance Power Limited (RPOWER.NS)

41.34

+0.56

+(1.37%)

As of 9:30:20 AM GMT+5:30. Market Open.

Reliance to invest Rs100bn in solar power project in Kurnool, India

Reliance NU Suntech has secured the largest individual allocation of 930MW through a competitive e-reverse auction.

Power Technology 4 days ago

RPOWER.NS
+1.37%
India's clean energy agency withdraws ban on Reliance Power after court directive

Last month, the Solar Energy Corporation of India (SECI) had barred Reliance Power from bidding for its tenders for three years and was weighing criminal proceedings against the company after a bank guarantee turned out to be a fake endorsement. Reliance Power, a coal power producer, aims to expand in the domestic and overseas renewable energy sector and the ban withdrawal removes a key overhang.

Reuters last month

RPOWER.NS
+1.37%
India's top clean energy agency weighs criminal proceedings against Reliance Power

Last week, Solar Energy Corporation of India Ltd (SECI) barred the power firm from participating in its clean energy project tenders for three years after it found that a unit of the company had submitted a fake endorsement of a foreign bank guarantee. SECI said on Wednesday that the bank guarantee submitted by the unit, Reliance NU BESS, was also fake.

Reuters 2 months ago

RPOWER.NS
+1.37%
Reliance Power to legally challenge Indian clean energy agency's ban

Solar Energy Corporation of India Limited (SECI) said on Wednesday that it had banned Reliance Power and its units after the state-owned agency found the endorsement of a bank guarantee to be fake while scrutinising a bid for a tender. The ban comes as Reliance Power, a coal power generator, is looking to expand into the domestic and overseas renewable energy sector. "The Company and its subsidiaries acted bonafidely and have been a victim of fraud, forgery and cheating conspiracy," Reliance Power said in a statement.

Reuters 2 months ago

RPOWER.NS
+1.37%
Anil Ambani's Reliance Group to develop solar, hydro power projects in Bhutan

The Indian conglomerate, run by the younger brother of Asia's richest man Mukesh Ambani, will form a new subsidiary that is equally owned by Mumbai-listed units Reliance Power and Reliance Infrastructure. The subsidiary will develop 500 megawatts of solar power projects and 770 megawatts of hydro power projects with Bhutan's Druk Holding and Investments.

Reuters 3 months ago

RPOWER.NS
+1.37%
India's Reliance Power considering stake sale to raise funds

India's Reliance Power said on Friday it will consider raising funds, including an option of stake sale to institutional investors as the Anil Ambani-run company looks to expand its business. This is the second round of fund raising within days after the company part of Reliance Group approved raising 15.25 billion rupees ($183 million) through a preferential allotment. In August, Reliance Group chairman Anil Ambani was banned from the securities market for five years and fined about $3 million by the Indian markets regulator on charges of fund diversion.

Reuters 3 months ago

RPOWER.NS
+1.37%
Adani Power in talks to acquire thermal power plant from Reliance Power

The deal for the Butibori project is valued between Rs24bn and Rs30bn.

Power Technology 4 months ago

ADANIPOWER.NS

RPOWER.NS
+1.37%

Performance Overview

Return	RPOWER.NS	S&P BSE SENSEX
YTD	-1.22%	-1.39%
1-Year	+39.90%	+7.64%
3-Year	+149.79%	+29.76%

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Reliance Power Limited (RPOWER.NS)

Reliance to invest Rs100bn in solar power project in Kurnool, India

India's clean energy agency withdraws ban on Reliance Power after court directive

India's top clean energy agency weighs criminal proceedings against Reliance Power

Reliance Power to legally challenge Indian clean energy agency's ban

Anil Ambani's Reliance Group to develop solar, hydro power projects in Bhutan

India's Reliance Power considering stake sale to raise funds

Adani Power in talks to acquire thermal power plant from Reliance Power

Performance Overview