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Reliance Power offers Rs 1,200 crore to settle debt of VIPL power project Reliance Power has made a Rs 1,200 crore one-time settlement (OTS) offer to the lenders of its subsidiary, Vidarbha Industries Power Ltd (VIPL), to settle the debt. Reliance Power has offered to pay Rs 1,200 crore in upfront cash to the lenders of VIPL which include Axis Bank, SBI, Bank of Baroda, PNB, Canara Bank, and Bank of Maharashtra. The outstanding loan of the company as on March 31, 2022, is around Rs 2,200 crore. Reliance Power's OTS offer is backed by Varde Partners of ...
Reliance Power offers Rs 1,200 crore to settle debt of VIPL power project
Reliance Power offers Rs 1,200 crore to settle debt of VIPL power project
Source: IANS
23/05/2023 9:21:27 AM
Reliance Power surges on turning black in Q4 Reliance Power is currently trading at Rs. 12.26, up by 0.37 points or 3.11% from its previous closing of Rs. 11.89 on the BSE. The scrip opened at Rs. 12.00 and has touched a high and low of Rs. 12.70 and Rs. 12.00 respectively. So far 7757779 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 24.95 on 06-Sep-2022 and a 52 week low of Rs. 9.05 on 28-Mar-2023. Last one week high and low of the scrip stood at Rs. 1...
Reliance Power surges on turning black in Q4
Reliance Power surges on turning black in Q4
Source: Accord Fintech
4/05/2023 12:55:50 PM
Piramal Capital withdraws insolvency proceedings against Reliance Power Piramal Capital has withdrawn the insolvency proceedings against Reliance Power Ltd. Reliance Power, in a stock exchange disclosure, has informed that the Piramal Capital and Housing Finance has withdrawn the application made against Reliance Power Ltd. under section 7 of the Insolvency and Bankruptcy Code 2016. This follows an out of court settlement between both the companies Rs 526 crores loan default by Reliance Power and it's subsidiary, Reliance Natural Resources Ltd. (RNRL). ...
Piramal Capital withdraws insolvency proceedings against Reliance Power
Piramal Capital withdraws insolvency proceedings against Reliance Power
Source: IANS
16/11/2022 12:01:32 PM
Reliance Power surges on signing documents with Varde Partners to raise debt of Rs 1000 crore Reliance Power is currently trading at Rs. 16.70, up by 0.25 points or 1.52% from its previous closing of Rs. 16.45 on the BSE. The scrip opened at Rs. 16.10 and has touched a high and low of Rs. 16.90 and Rs. 16.10 respectively. So far 516645 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 24.95 on 06-Sep-2022 and a 52 week low of Rs. 10.98 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs. 1...
Reliance Power surges on signing documents with Varde Partners to raise debt of Rs 1000 crore
Reliance Power surges on signing documents with Varde Partners to raise debt of Rs 1000 crore
Source: Accord Fintech
13/10/2022 2:21:07 PM
Key Stock News: Vodafone Idea, Coal India, Bharat Petroleum Corp, Reliance Power, Future Lifestyle Fashions Ltd - ARETE Securities Government to acquire Vodafone Idea stake after share price stabilises at Rs 10 or above The government will acquire a stake in debt-ridden Vodafone Idea after the stock price of the company stabilises at Rs 10 or above, according to an official source. Vodafone Idea (VIL) board has offered a stake to the government at a par value of Rs 10 per share. "There is a SEBI norm that the acquisition should take place at par value. DoT will clear the acquisition after VIL shares stabilise ...
Key Stock News: Vodafone Idea, Coal India, Bharat Petroleum Corp, Reliance Power, Future Lifestyle Fashions Ltd - ARETE Securities
Key Stock News: Vodafone Idea, Coal India, Bharat Petroleum Corp, Reliance Power, Future Lifestyle Fashions Ltd - ARETE Securities
Source: ARETE Securities Ltd
9/09/2022 9:55:07 AM
Reliance Power touches roof on entering into MoU with Varde Partners for availing debt along with subsidiary Reliance Power is locked its upper circuit limit at Rs. 23.30, up by 2.10 points or 9.91% from its previous closing of Rs. 21.20 on the BSE. The scrip opened at Rs. 21.50 and has touched a high and low of Rs. 23.30 and Rs. 21.50 respectively. So far 7469532 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 23.75 on 02-Sep-2022 and a 52 week low of Rs. 10.98 on 20-Jun-2022. Last one week high and low of the scrip ...
Reliance Power touches roof on entering into MoU with Varde Partners for availing debt along with subsidiary
Reliance Power touches roof on entering into MoU with Varde Partners for availing debt along with subsidiary
Source: Accord Fintech
5/09/2022 11:29:32 AM
Reliance Power Ltd posts Q1 net loss of Rs 69.18 cr The company reported standalone net loss during the quarter stood at Rs 69.18 crore as compared to net loss of Rs 78.14 crore in the previous year quarter. Net revenue of the company declined substantially by 27.50 per cent at Rs 10.07 crore in April-June quarter of this fiscal as against Rs 13.89 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 5.70 per cent to Rs 6.68 crore from Rs 6.32 crore in year ago period. Other Income dipped b...
Reliance Power Ltd posts Q1 net loss of Rs 69.18 cr
Reliance Power Ltd posts Q1 net loss of Rs 69.18 cr
Source: Dion Global Solutions Ltd
13/08/2022 10:24:04 AM
Reliance Power L posts Q4 net loss of Rs 67.71 cr The company reported standalone net loss during the quarter stood at Rs 67.71 crore as compared to net loss of Rs 59.59 crore in the previous year quarter. Net revenue of the company rose by 5.13 per cent at Rs 4.92 crore in January-March quarter of this fiscal as against Rs 4.68 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 49.61 per cent to Rs 7.69 crore from Rs 5.14 crore in year ago period. Other Income dipped by 28.98 per ce...
Reliance Power L posts Q4 net loss of Rs 67.71 cr
Reliance Power L posts Q4 net loss of Rs 67.71 cr
Source: Dion Global Solutions Ltd
14/05/2022 4:05:22 PM
Reliance New Energy Solar to acquire 40% stake in Sterling & Wilson Solar Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries Ltd (Reliance), on Sunday executed definitive agreements with Shapoorji Pallonji and Company Private Ltd (SPCPL), Khurshed Daruvala and Sterling & Wilson Solar Ltd (SWSL) to acquire 40 per cent stake post-money in SWSL through a series of transactions. The transactions involve preferential allotment of 2.93 crore equity shares (equivalent to 15.46 per cent post preferential share capital) at a price...
Reliance New Energy Solar to acquire 40% stake in Sterling & Wilson Solar
Reliance New Energy Solar to acquire 40% stake in Sterling & Wilson Solar
Source: IANS
11/10/2021 9:01:50 AM
Reliance Power allots 59.50 cr equity shares, 73 cr warrants to Reliance Infrastructure Consequent to approval from shareholders, through postal ballot, Reliance Power Ltd (Reliance Power), has allotted 59.50 crore equity shares and 73 crore warrants convertible into equivalent number of equity shares of the company by conversion of debt, to Reliance Infrastructure Ltd (Reliance Infrastructure), a listed promoter company. Post allotment, the holding of Reliance Infrastructure and other promoter group in Reliance Power increased to 24.98 per cent and may further increase to 38...
Reliance Power allots 59.50 cr equity shares, 73 cr warrants to Reliance Infrastructure
Reliance Power allots 59.50 cr equity shares, 73 cr warrants to Reliance Infrastructure
Source: IANS
16/07/2021 9:37:42 AM
Key News - L&T Infotech Ltd, Wipro Ltd, NTPC Ltd, Reliance Power Ltd, Revolt Motors by ARETE Securities Key News LTI Q1 consolidated net profit up by 19.3% at Rs 496.8 cr IT firm L&T Infotech (LTI) on Thursday reported a 19.3 per cent rise in consolidated net profit to Rs 496.8 crore for the June 2021 quarter, and declared a special dividend of Rs 10 per share. The company had registered a net profit of Rs 416.4 crore in the same period a year ago, LTI said in a statement. Its revenue was up 17.4 per cent to Rs 3,462.5 crore in the reported quarter from Rs 2,949.2 crore in the year-ag...
Key News - L&T Infotech Ltd, Wipro Ltd, NTPC Ltd, Reliance Power Ltd, Revolt Motors by ARETE Securities
Key News - L&T Infotech Ltd, Wipro Ltd, NTPC Ltd, Reliance Power Ltd, Revolt Motors by ARETE Securities
Source: ARETE Securities Ltd
16/07/2021 8:51:50 AM
Reliance Power shareholders approve preferential offer to RInfra with over 94% votes in favour  The shareholders of Reliance Power Limited (Reliance Power), through postal ballot, have approved with overwhelming majority, preferential issue of equity shares and warrants. Accordingly, Reliance Power shall allot 59.50 Crore equity shares and 73 Crore warrants convertible into equivalent number of equity shares of the Company at a price of Rs.10 each by conversion of debt, aggregating upto Rs 1,325 Crore, to Reliance Infrastructure Limited (Reliance Infrastructure), a listed pro...
Reliance Power shareholders approve preferential offer to RInfra with over 94% votes in favour
Reliance Power shareholders approve preferential offer to RInfra with over 94% votes in favour
Source: IANS
14/07/2021 12:14:17 PM
Reliance Power starts exports of equipment to B'desh project Reliance Power has started the export of power equipments to its Bangladesh Power project. These equipment are being exported from its Samalkot project. The process of exporting the equipment for 750 MW LNG based power project in Bangladesh is expected to be completed by end of July 2021. According to a senior company official, the sale of these equipment from Samalkot to Bangladesh project will bring down Reliance Power's US-EXIM debt by nearly Rs 1,500 crore. Reliance Power has so...
Reliance Power starts exports of equipment to B'desh project
Reliance Power starts exports of equipment to B'desh project
Source: IANS
29/06/2021 4:29:37 PM
Reliance Power board approves preferential issue of shares, warrants to Reliance Infra  The Board of Directors of Reliance Power Limited has approved preferential issue of up to 59.5 crore equity shares and up to 73 crore warrants convertible into equivalent number of equity shares of the company at an issue price of Rs 10 each by conversion of debt, aggregating up to Rs 1 ,325 crore to Reliance Infrastructure Limited, a listed promoter company. The Board of Directors of Reliance Infrastructure Limited (Reliance Infra) at its meeting on Sunday approved the subscription ...
Reliance Power board approves preferential issue of shares, warrants to Reliance Infra
Reliance Power board approves preferential issue of shares, warrants to Reliance Infra
Source: IANS
14/06/2021 9:03:59 AM
Key News - Edelweiss Financial Services Ltd, Reliance Power Ltd, CG Power and Industrial Solutions Ltd, DLF Ltd, Lumax Industries Ltd by ARETE Securities Key News Edelweiss Financial plans to slash wholesale book by half to Rs 5,900 crore Edelweiss Financial Services plans to reduce its wholesale book from Rs 11,400 crore in March 2021 to Rs 5,900 crore in two years (2022-23, or FY23) as part of its strategy to follow an asset-light business model. The reduction in assets worth Rs 6,300 crore has happened in the last two years (2019-20 and 2020-21). The scaling-down work is expected to continue on the back of strong inflows. Edelweiss ha...
Key News - Edelweiss Financial Services Ltd, Reliance Power Ltd, CG Power and Industrial Solutions Ltd, DLF Ltd, Lumax Industries Ltd by ARETE Securities
Key News - Edelweiss Financial Services Ltd, Reliance Power Ltd, CG Power and Industrial Solutions Ltd, DLF Ltd, Lumax Industries Ltd by ARETE Securities
Source: ARETE Securities Ltd
14/06/2021 8:45:23 AM
Reliance Power board meet on June 13 to consider fund raising Reliance Power Ltd will hold a board meeting on June 13 to consider and approve raising of long-term resources from domestic and global markets. In a notice to stock exchanges, Reliance Power said: "Pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the Company will be held on Sunday, June 13, 2021 t...
Reliance Power board meet on June 13 to consider fund raising
Reliance Power board meet on June 13 to consider fund raising
Source: IANS
10/06/2021 9:05:24 AM
Reliance Power, JERA to launch gas-fired project in Bangladesh Reliance Power Limited ("Reliance Power") and JERA Co. Inc. ("JERA"), through their joint venture project company, are developing a new gas-fired power generation project in Bangladesh. The project company has achieved financial closure for the project with a group of lenders that includes Japan Bank for International Cooperation ("JBIC") & Asian Development Bank ("ADB") and all requisite conditions for availing drawdown under the loan agreements ha...
Reliance Power, JERA to launch gas-fired project in Bangladesh
Reliance Power, JERA to launch gas-fired project in Bangladesh
Source: IANS
4/03/2021 2:57:19 PM