RPower has an operating capacity of 6000 MW operating at a plant load factor of 80 percent.
The index is just 25 points away from turning negative for the year 2019, and has fallen 4,219 points or little over 10 percent from its record high of 40,312 registered in June 2019.
The project will be set up within 36 months of signing the agreements, the company added.
Liquidity has flowed to a few stocks which have shown relatively better earnings, and over the long-term experts feel that stock prices will mimic earnings growth.
Reliance Power is in advance stages of development of Bangladesh project and relocating Samalkot modules in Andhra Pradesh to Bangladesh, according to the statement.
The recast of loan comes at a low-interest rate of only 2.65 percent per annum
The rating agency has also cited continual uncertainty over the compensatory tariff implementation towards change in law during construction and foreign exchange variations as reasons for the revision.
Washington University sold 5,30,000 shares of Aptech at Rs 137.5 per share while IFCI offloaded 10,80,264 shares of Cox & Kings at Rs 50.56 per share.
The CERC approval would enable the company to recover the cost of the system from its consumers, according to the company.
The index formed a Bearish Belt Hold kind of pattern on the daily charts while a bearish candle on the weekly charts for the second consecutive week in a row.
The MSCI quarterly index review changes will take effect from May 29, 2019, said the MSCI release
The division bench suggested the parties concerned to try resolving the dispute out of court and said it would hear the petition after two weeks.
Part of the diversified Anil Ambani group, Reliance Power has appointed J P Morgan as the banker for the proposed stake sale, the sources said.
The proposal by the power ministry to its finance commission is in addition to an existing proposal that envisages installation costs for emission-cutting equipment to be passed on to consumers.
A single judge bench headed by KR Shriram refused to order the reversal of the sale process or grant any other relief to the company and posted the matter for detailed hearing on Thursday.
L&T Finance and Edelweiss Group have refuted the allegations and have counter-alleged that Reliance Group failed to make timely payments, which they said necessitated sale of pledged shares.
The group said the actions have caused substantial losses to 72 lakh institutional and retail shareholders and harming the interests of all stakeholders.
The breadth of the market favoured the declines with 618 stocks advancing and 934 declining while 494 remained unchanged. On the BSE, 628 stocks advanced, 922 declined and 72 remained unchanged.
The breadth of the market favoured the declines with 742 stocks advancing and 858 declining while 459 remained unchanged. On the BSE, 969 stocks advanced, 993 declined and 95 remained unchanged.
The company had posted a net profit of Rs 273.15 crore in the July-September period of the previous year.
He said the company will continue to look at opportunities that will bring value and are growth accretive with strong, stable and conservative financial profile.