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Reliance Power
Reliance Power to raise Rs 2,500 crore
Posted by :
latikavTracked by: 0 Boarder
Reliance Power to raise Rs 2,500 crore from IDBI---Anil Ambani promoted Reliance Power (R-Power) will raise Rs 2,500 crore from IDBI Bank for building an ultra mega power project (UMPP) at Krishnapatnam in Andhra Pradesh. The multi-tranche transaction is expected to begin immediately after signing the letter of credit, according to sources.
The Reserve Bank of India (RBI) had recently approved R-Power’s proposal to raise $2 billion (about Rs 8,000 crore) from foreign banks for the proposed 4,000 megawatt (mw) project. ABN Amro, Standard Chartered and HSBC are believed to be talks with the company to finance the project.
The coal-fired Krishnapatnam project will need Rs 16,000- 17,000 crore. Out of the total capital outlay, the company plans to tie up Rs 14,000 crore as debt and is engaged in talks with a slew of domestic lenders including Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for the purpose.
The Krishnapatnam project is expected to begin operations in 2012-13. R-Power will place orders for equipment soon after the financial closure.
When contacted, an R-Power spokesperson declined to comment on the matter.
Similarly, R-Power is raising about Rs 7,000 crore from a slew of Indian financiers including State Bank of India (SBI), Canara, PFC, REC, IIFCL and Hudco for another UMPP at Sasan in Madhya Pradesh.
The RBI has given its clearance for external commercial borrowings worth $2 billion for the coal-fired Sasan project. About $1 billion is expected to be raised from three Chinese banks including China Exim Bank, Chinese Development Bank and China Export & Credit Insurance Corporation (Sinosure). The remaining debt will be raised from foreign banks such as ABN Amro and HSBC.
The shares of R-Power ended 0.59 per cent up at Rs 170.90 on the Bombay Stock Exchange (BSE). R-Power has risen 25.34 per cent in the last one month.
BS...
power sector status
Posted by :
s_ayyapTracked by: 0 Boarder
please update the current status of power sector. (Include Reliance Power)...
Reliance power can not fall below 125....
Posted by :
The NazgulTracked by: 1 Boarder
this script is a good buy....
another 3-4 years (when we shall start entering the bull cycle fully) this will do what rel power did for last bull cycle...
even at 170 ood a good pick is not bad...
keep buying and keep averaging...
results and Q numbers are good..
...
In reply to:
Reliance power can not fall below 125....
Posted by :
Guest
dear marketman , What is the rate to buy around 1000 shares. Iam always impressed with ur recommendations. 
Reliance power can not fall below 125....
Posted by : marketmanTracked by: 1 Boarder
Dear guest,the first buy should be at around 150,if it falls close to 125 due to typical market reasons,add more to get better average.... this is for long term investment call,can be executed during this calender year for holding purpose.......
In reply to:
Reliance power can not fall below 125....
Posted by : Guest
dear marketman , What is the rate to buy around 1000 shares. Iam always impressed with ur recommendations.
Reliance power can not fall below 125....
Posted by : GuestTracked by: 1 Boarder
dear marketman , What is the rate to buy around 1000 shares. Iam always impressed with ur recommendations. ...
In reply to:
Reliance power can not fall below 125....
Posted by : marketman
The stock is facing last phase of its worst performance.... on deep declines,long term investors can start having small quantities of this stock....
Rel.power vs CMP due to interest hike
Posted by : glory072007Tracked by: 0 Boarder
Sir:
I feel, the present increase in interest rates will not have much impact on the fund raising plans of Reliance Power considering the interest rates prevailing some 4-5 years back (pre-Lok Sabha elections). Therefore, the interest rates are still attractive....
In reply to:
Rel.power vs CMP due to interest hike
Posted by : Leave it.
Pl.add...
""Generally, power projects are highly leveraged, and are 70-80 per cent debt-funded," said Edelweiss analysts K Shankar and Abhineet Anand in their report on Indian power sector.
"Hence, the sector is highly susceptible to rising interest rates, especially in the current scenario when all major players are undergoing expansion." Recently, the Reserve Bank of India had raised the interest rates to control inflation, which is hovering around 12 per cent.
The central bank hiked the cash reserve ratio by 0.25 per cent and short term lending rate to banks or repo rate by 0.50 per cent.
Will the interest cost be reflected in the market quote of Reliance power on Monday trading?
V.krishnamoorthy
Reliance power can not fall below 125....
Posted by : marketmanTracked by: 1 Boarder
The stock is facing last phase of its worst performance.... on deep declines,long term investors can start having small quantities of this stock.......
In reply to:
Reliance power can not fall below 125....
Posted by : marketman
As the scrip is being included in nifty from september onwards,the scrip may attract institutional investors at further lower levels....
Buy on the dips is the strategy for long term holding....
Rel.power vs CMP due to interest hike
Posted by : Leave it.Tracked by: 0 Boarder
Pl.add...
""Generally, power projects are highly leveraged, and are 70-80 per cent debt-funded," said Edelweiss analysts K Shankar and Abhineet Anand in their report on Indian power sector.
"Hence, the sector is highly susceptible to rising interest rates, especially in the current scenario when all major players are undergoing expansion." Recently, the Reserve Bank of India had raised the interest rates to control inflation, which is hovering around 12 per cent.
The central bank hiked the cash reserve ratio by 0.25 per cent and short term lending rate to banks or repo rate by 0.50 per cent.
Will the interest cost be reflected in the market quote of Reliance power on Monday trading?
V.krishnamoorthy...
In reply to:
Rel.power vs CMP due to interest hike
Posted by : Leave it.
Reliance Power shares were closed at Rs 169.90 up 2.78 per cent at the Bombay Stock Exchange on Friday. Reliance Power is targetting a generation capacity of over 28,000 mw over the next few years.
This would attract an investment to the tune of Rs 1.1 lakh crore considering an expenditure of Rs 4 crore to generate one megawatt of electricity. According to analysts, power generation companies with high leverage are likely to be adversely affected during an increased interest rate scenario.
The company is moving ahead with its fund-raising plans at a time when interest rates have peaked.
\\\\
Rel.power vs CMP due to interest hike
Posted by : Leave it.Tracked by: 0 Boarder
Reliance Power shares were closed at Rs 169.90 up 2.78 per cent at the Bombay Stock Exchange on Friday. Reliance Power is targetting a generation capacity of over 28,000 mw over the next few years.
This would attract an investment to the tune of Rs 1.1 lakh crore considering an expenditure of Rs 4 crore to generate one megawatt of electricity. According to analysts, power generation companies with high leverage are likely to be adversely affected during an increased interest rate scenario.
The company is moving ahead with its fund-raising plans at a time when interest rates have peaked.
\\\\...
TARGET RS 500 IS POSSIBLE IF NOT 900
Posted by : dalip19Tracked by: 2 Boarders
Hi vishnu, it may touch 270/= in near term........
In reply to:
TARGET RS 500 IS POSSIBLE IF NOT 900
Posted by : vishnu 81
The ball is in the Anil Ambani's play ground.I hope he will put the goals as much as possible till Amar singh in the play ground.
Reliance put mega power projects on fast
Posted by : latikavTracked by: 0 Boarder
Reliance put mega power projects on fast track ------------New Delhi, July 31 The promoters of the first couple of the Ultra Mega Power Projects (UMPPs) have put their projects on fast track and hope to commission at least one unit each way before the end of the current Plan period.
The delays in awards notwithstanding, the stepping up in execution schedule by both promoters comes in the wake of pressure from the Government to commission the first set of units from both projects within the Eleventh Plan itself.
Tata Power has significantly advanced the commissioning of its 4,000-MW Mundra UMPP, with the commissioning of the first 800 MW unit being advanced by over seven months to February 2011, according to official sources.
Reliance Power, which is promoting the Sasan project, has committed the Government to advance the commissioning of its first unit by nearly 16 months to December 2011, as against May 2013 as per the Power Purchase Agreement. The second unit will come after three months in March 2012, sources said.
With the prospect of early commissioning in case of both projects, work on the respective power transmission system for evacuation of power from the projects is being expedited by Power Grid Corporation of India Ltd and Western Grid constituents are close to working out a cost-sharing model.
Financial closure
Tata Power had achieved financial closure for the Mundra project during April 2008, which is coming up at Mundra in Gujarat and is owned by its subsidiary Coastal Gujarat Power Ltd.
The cost of the project is estimated at Rs 17,000 crore. The entire project is slated to take off by March 2013.
Reliance Power had committed to the Centre to advance the commissioning schedule of Sasan UMPP by three years.
The project, with captive coal mines, was scheduled to be commissioned between May 2013 and April 2016 as per the power purchase agreement.
Reliance Power is likely to achieve financial closure for the Sasan project by October 2008.
...
TARGET RS 500 IS POSSIBLE IF NOT 900
Posted by : vishnu 81Tracked by: 2 Boarders
The ball is in the Anil Ambani's play ground.I hope he will put the goals as much as possible till Amar singh in the play ground....
In reply to:
TARGET RS 500 IS POSSIBLE IF NOT 900
Posted by : 300567
THIS SHARE CAN DELIVER ANY TYPE OF POSITIVE RETURNS. GOVT IS NOW WITH ANIL AMBANI.ANIL WILL TAKE EACH & EVERY BENEFIT NOW AS AMAR SINGH IS VERY FAST FRIEND OF ANIL.SO ANY THING CAN HAPPEN.MY FIRST TARGET IS RS 250, SECOND IS 325 , THIRD IS RS 450.
TARGET RS 500 IS POSSIBLE IF NOT 900
Posted by : nightowlTracked by: 2 Boarders
any thing is possible... i do hope you are rght... milions of investors will be happy...
In reply to:
TARGET RS 500 IS POSSIBLE IF NOT 900
Posted by : 300567
THIS SHARE CAN DELIVER ANY TYPE OF POSITIVE RETURNS. GOVT IS NOW WITH ANIL AMBANI.ANIL WILL TAKE EACH & EVERY BENEFIT NOW AS AMAR SINGH IS VERY FAST FRIEND OF ANIL.SO ANY THING CAN HAPPEN.MY FIRST TARGET IS RS 250, SECOND IS 325 , THIRD IS RS 450.
buy buy buy
Posted by : SUMITGARGTracked by: 1 Boarder
buy reliance power as it is powerful
power on india on...
Reliance Power
Posted by : zoombusinessTracked by: 0 Boarder
Anil Ambani group-firm Reliance Power will be included in NSE’s 50-share benchmark index Nifty with effect from September 10.
Reliance Power, which listed on bourses early this year, will replace pharma major Dr Reddy’s Laboratories in the index, an exchange circular said. Dr Reddy‘s commanded a weightage of 0.46% on the Nifty index.
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