Latest news with #ReliancePowerLtd
Time of India
16-07-2025
- Business
- Time of India
Reliance Power board okays fundraising up to ₹9,000 crore via QIP, FPO, and debentures
New Delhi: Reliance Power Ltd on Tuesday said its board has approved raising up to ₹9,000 crore through a combination of equity and debt instruments, including up to ₹3,000 crore through equity shares and up to ₹6,000 crore via non-convertible debentures (NCDs). In a stock exchange filing, Reliance Power said its board has approved seeking shareholders' approval for the issuance of equity shares or equity-linked instruments, including through Qualified Institutional Placement (QIP), Follow-on Public Offer (FPO), preferential allotment, rights issue, or other modes. The total equity fundraising is proposed up to ₹3,000 crore. Additionally, the board cleared a proposal for raising funds up to ₹6,000 crore by issuing non-convertible debentures, subject to approval by the members at the ensuing Annual General Meeting (AGM). 'The Board of Directors of Reliance Power Limited, at its meeting held today, approved the raising of long-term resources by issuing equity shares/equity-linked securities for an aggregate amount not exceeding ₹3,000 crore and issuance of NCDs on a private placement basis for an aggregate amount not exceeding ₹6,000 crore,' the company stated. Reliance Power also informed that the proposals will be placed before shareholders for approval at the company's upcoming AGM. In its filing, the company said the proposed capital raise will enable it to augment long-term resources for funding growth, strengthening its balance sheet, and general corporate purposes.
Business Standard
14-07-2025
- Business
- Business Standard
Reliance Power Ltd spurts 3.35%, gains for third straight session
Reliance Power Ltd is quoting at Rs 66.98, up 3.35% on the day as on 16-Jun-2025 EOD IST on the NSE. The stock is up 116.34% in last one year as compared to a 1.88% drop in NIFTY and a 16.51% drop in the Nifty Energy index. Reliance Power Ltd is up for a third straight session in a row. The stock is quoting at Rs 66.98, up 3.35% on the day as on 16-Jun-2025 EOD IST on the NSE. The benchmark NIFTY is down around 0.4% on the day, quoting at 25050.1. The Sensex is at 82139.43, down 0.44%. Reliance Power Ltd has risen around 48.61% in last one month. Meanwhile, Nifty Energy index of which Reliance Power Ltd is a constituent, has risen around 1.38% in last one month and is currently quoting at 36097.85, up 0.16% on the day. The volume in the stock stood at 1515.18 lakh shares today, compared to the daily average of 1240.98 lakh shares in last one month. The PE of the stock is 0 based on TTM earnings ending March 25.
India.com
14-07-2025
- Business
- India.com
This company shares gains 5 percent after getting buy call from AnandRathi
25 महीने में करोड़पति बन गए निवेशक Sindhu Trade Link shares gained over 6 per cent even today July 14, 2025 even as benchmark indices Sensex and Nifty dropped significantly. Despite these market conditions, the stock opened gap up with a gain of 3.57 per cent today at Rs 32.49 against the previous close of Rs 31.22 on the BSE. The scrip gained further to touch the high of Rs 33.41, a gain of 6.5 per cent from the closing price of the last trading session. This uptick follows three consecutive days of decline. Technically, the counter trades higher than the 20-day, 50-day, 100-day and 200-day moving averages but lower than the 5-day moving averages. The 52-week high of the stock is Rs 39.25 on the BSE against the previous close of Rs 12.90. The market cap of the company is Rs 5,062.15 crore. Stock Under ASM As a precaution, the BSE has placed Reliance Power Ltd's securities under the Short Term Additional Surveillance Measure Stage I framework. This measure is intended to alert investors to high volatility in share prices. Being aware of such measures is crucial for investors making informed decisions. Meanwhile, the rally in the stock comes as the stock has given a breakout above its yearly Camarilla pivot level around Rs 29.80 and is currently sustaining above it. 'This breakout is technically significant as it coincides with the VWAP higher band, offering strong support at current levels. The confluence of these factors suggests bullish momentum is likely to continue. Therefore, we advise going long in the Rs 31-29 zone, with an upside target of Rs 36. A stop-loss should be placed below Rs 27 on a daily closing basis to manage risk effectively,' a report by Anand Rathi said. Stock Market Today Meanwhile, the 30-share BSE Sensex declined 232. 93 points to 82,267.54 in early trade. The 50-share NSE Nifty dipped 71.4 points to 25,078.45. From the Sensex firms, Bajaj Finance, Infosys, Tech Mahindra, Bharti Airtel, HCL Tech and Asian Paints were among the biggest laggards. However, Trent, Axis Bank, Mahindra & Mahindra and NTPC were among the gainers.
Time of India
30-06-2025
- Business
- Time of India
Reliance Power eyes 1,500 MW gas project, joins global bids
Anil Ambani 's Reliance Power Ltd is planning to set up a 1,500-MW gas-based power project overseas and is actively participating in several international tenders for its development, according to sources. Sources said, Reliance Power has submitted competitive bids for gas-based power projects in Kuwait, UAE, and Malaysia as part of its selective global expansion strategy. The company has recently secured two mega power projects in Bhutan - a 500-MW solar project and a 770-MW hydropower project. Based on the outcome of the ongoing international bids, Reliance Power plans to relocate two 750 MW modules of world-class equipment currently in its possession in India. The proposed project is expected to create significant value in Reliance Power's balance sheet, as the company aims to realise up to Rs 2,000 crore through the monetisation of these assets. When contacted, a Reliance Power spokesperson confirmed the company's participation in global tenders. Originally, the company had imported three modules of 750 MW world class equipment from General Electric, USA, for a gas-based combined cycle power project, out of which one module was exported to Bangladesh for an LNG based power project in partnership with Japan's JERA. Now, Reliance Power intends to deploy the remaining two modules for a similar project at an overseas location. The demand for gas-based power - widely regarded as a clean energy source - is significantly high in countries such as Kuwait, the UAE, and Malaysia. However, global suppliers like GE typically require 3 to 5 years to deliver equipment for gas or LNG-based power plants. In contrast, Reliance Power has 1,500 MW of equipment readily available, enabling it to execute such projects in the shortest possible timeframe. Reliance Power is actively focusing on renewable and clean energy. The company has a strong development pipeline, including 2.5 GWp of utility-scale solar projects and more than 2.5 GWh of Battery Energy Storage Systems (BESS). This positions Reliance Power as the largest private sector player in the integrated solar + BESS segment in India. Reliance Power has also entered into a joint venture with the Bhutan Government's Druk Holding & Investments (DHI) for the development of a 500 -MW solar project and a 770-MW hydropower project in Bhutan. This marks the largest foreign direct investment by an Indian private company in Bhutan's renewable energy sector.
Time of India
30-06-2025
- Business
- Time of India
Reliance Power bids for global tenders to build 1,500 MW gas plant
Anil Ambani 's Reliance Power Ltd is planning to set up a 1,500-MW gas-based power project overseas and is actively participating in several international tenders for its development, according to sources. Sources said, Reliance Power has submitted competitive bids for gas-based power projects in Kuwait, UAE, and Malaysia as part of its selective global expansion strategy. The company has recently secured two mega power projects in Bhutan - a 500-MW solar project and a 770-MW hydropower project. Based on the outcome of the ongoing international bids, Reliance Power plans to relocate two 750 MW modules of world-class equipment currently in its possession in India. The proposed project is expected to create significant value in Reliance Power's balance sheet, as the company aims to realise up to Rs 2,000 crore through the monetisation of these assets. When contacted, a Reliance Power spokesperson confirmed the company's participation in global tenders. Originally, the company had imported three modules of 750 MW world class equipment from General Electric, USA, for a gas-based combined cycle power project, out of which one module was exported to Bangladesh for an LNG based power project in partnership with Japan's JERA. Now, Reliance Power intends to deploy the remaining two modules for a similar project at an overseas location. The demand for gas-based power - widely regarded as a clean energy source - is significantly high in countries such as Kuwait, the UAE, and Malaysia. However, global suppliers like GE typically require 3 to 5 years to deliver equipment for gas or LNG-based power plants. In contrast, Reliance Power has 1,500 MW of equipment readily available, enabling it to execute such projects in the shortest possible timeframe. Reliance Power is actively focusing on renewable and clean energy. The company has a strong development pipeline, including 2.5 GWp of utility-scale solar projects and more than 2.5 GWh of Battery Energy Storage Systems (BESS). This positions Reliance Power as the largest private sector player in the integrated solar + BESS segment in India. Reliance Power has also entered into a joint venture with the Bhutan Government's Druk Holding & Investments (DHI) for the development of a 500 -MW solar project and a 770-MW hydropower project in Bhutan. This marks the largest foreign direct investment by an Indian private company in Bhutan's renewable energy sector.
