Reliance Power shares surged 5% after the company announced a preferential issue of equity shares worth Rs 1,524.60 crore, aimed at strengthening its financial position and expanding into renewable energy.
The company's consolidated net loss was Rs 97.22 crore in the quarter ended December 2021, a BSE filing showed.
Its consolidated net profit in April-December 2018 period also dipped to Rs 679.55 crore from Rs 784.34 crore in corresponding period of 2017-18. Total income in the nine-month period came down to Rs 6,898.97 crore from Rs 7,718.53 in the previous fiscal.
RPower is in the midst of signinig fuel supply agreement with Western Coalfield Ltd to ensure coal supply at its Butibori plant
The Coal Ministry has given three de-allocated mines, including two of NTPC, to CIL and asked it to appoint mine developers to begin the production from these blocks at the earliest.
Reliance Power today said the first of two units of its 600 MW Butibori thermal power plant in Maharashtra have started generating electricity.
The political uncertainty in Greece has increased the possibility of its exit from the European Union, resulting in risk aversion, which has weighed on the global equity markets.
HCL Tech can move to Rs 540, says Sudarshan Sukhani of s2analytics.com.
Even as the empowered group of ministers (EGoM) headed by Finance Minister Pranab Mukherjee ask for the Attorney General's advice on allowing Reliance Power to use excess coal from the Sasan UMPP, RPower's CEO, JP Chalasani tells CNBC-TV18 that the company is well within the legal purview.