Reliance Power is currently trading at Rs. 45.40, up by 0.65 points or 1.45% from its previous closing of Rs. 44.75 on the BSE.
The scrip opened at Rs. 46.40 and has touched a high and low of Rs. 46.40 and Rs. 45.10 respectively. So far 1,13,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 113.20 on 11-Jun-2014 and a 52 week low of Rs. 41.25 on 03-Jun-2015.
Last one week high and low of the scrip stood at Rs. 53.45 and Rs. 41.25 respectively. The current market cap of the company is Rs. 12,763.00 crore.
The promoters holding in the company stood at 74.98% while Institutions and Non-Institutions held 10.79% and 14.20% respectively.
Reliance Power has inked a Memorandum of Understanding (MoU) with Bangladesh Power Development Board (BPDB) to develop 3,000 MW of Liquefied Natural Gas (LNG) based combined cycle power project in Bangladesh in phases, along with a Floating Storage and Re-gasification Unit (FSRU) based LNG terminal to supply re-gasified LNG to the power project.
The land for the power project shall be provided by BPDB at appropriate locations. The FSRU terminal shall be set up at Maheshkhali Island in Cox’s Bazar district of Bangladesh. The Project can be set up quickly and can power the country’s rising demand for electricity and will provide clean and green power.
The project is in line with the Master Plan of 2010 for Bangladesh, under which BPDB envisages to develop a 3,000 MW LNG based power project so as to meet the growing power demand and supplement the domestic gas reserves in the country. The project is the largest foreign investment in Bangladesh with a potential investment of about $3 billion in phases.
Reliance Power is implementing a 2,400 MW gas based combined cycle power project at Samalkot in Andhra Pradesh. World-class equipment for the project have been procured from internationally reputed equipment suppliers and are ready with the company. Reliance Power is proposing to install the equipment procured for Samalkot project, including advanced class 9FA machines supplied by GE, in the proposed project at Bangladesh, under appropriate guarantees from GE and the other equipment suppliers. This will help set up the project on a fast-track basis.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
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