Rel Power to get Letter of Intent for Tilaiya UMPP today

12 Feb 2009

A letter of intent, for the 4,000-MW Ultra Mega Power Project at Tilaiya in Jharkhand, will be issued today to Anil Ambani-led Reliance Power, which has emerged as the front-runner for the UMPP. Five companies -- NTPC, Reliance Power, Lanco Infratech, Jindal Power and Sterlite Energy, of the 11 pre-qualified bidders submitted their bids for the project.

 

Reliance Power was the L1 (lowest) bidder for the Tilaiya UMPP in Jharkhand, for which the financial bids were opened on January 28, last month. This is the third UMPP to be bagged by Reliance Power.

 

It has already been awarded the Sasan (Madhya Pradesh) and Krishnapatnam (Andhra Pradesh) projects. The project would entail an investment between Rs 16,000 and Rs 18,000 crore, to be developed on a debt equity ratio of 70:30.

 

crackcrack
Related Reliance Power Ltd. Links:

Reliance Power Share Price

6.02 0.54 (9.85%) May 07, 18:03
1 Year Price Chart
Peers
Company Name CMP
NTPC 105.05
Power Grid Corpn. 214.60
Tata Power 102.65
PTC India 82.50
Torrent Power 416.00
View more..
Sensex vs Reliance Power
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback