Reliance Power is currently trading at Rs. 119.80, up by 2.90 points or 2.48% from its previous closing of Rs. 116.90 on the BSE.
The scrip opened at Rs. 118.00 and has touched a high and low of Rs. 121.00 and Rs. 118.00 respectively. So far 689937 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 139.40 on 06-Mar-2012 and a 52 week low of Rs. 68.50 on 21-Dec-2011.
Last one week high and low of the scrip stood at Rs. 122.85 and Rs. 112.40 respectively. The current market cap of the company is Rs. 33619.44 crore.
The promoters holding in the company stood at 80.42% while Institutions and Non-Institutions held 6.33% and 13.23% respectively.
Reliance Power is likely to spend more than Rs 6,000 crore for solar power generation projects in Rajasthan in the next two years. The firm has commissioned a 40 mega watt solar power plant in Rajasthan, which is the country's largest solar project so far. It plans to add another 100 mega watt capacity at the site in the next one year.
The company has invested Rs 700 crore for the 40 mega watt plant in Rajasthan. The long term power purchase agreement for the project has been signed with Reliance Infrastructure and the power generated will be used for Mumbai. The project is expected to generate more than 70 million units of clean power.
The project is financed with a debt equity ratio of 75:25. While Reliance Power has put in the entire equity, the debt has been provided by the US Exim Bank and the Asian Development Bank (ADB).
| Company Name | CMP |
|---|---|
| NTPC | 363.10 |
| Tata Power | 449.10 |
| Power Grid Corp | 301.65 |
| Adani Power | 612.55 |
| Torrent Power | 1505.00 |
| View more.. | |
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