Reliance Power gains on selecting AREVA Solar for project in Rajasthan

Reliance Power Ltd. | Power Generation/Distribution | Power | BSE: 532939 | NSE: RPOWER

12 Apr 2012 Evaluate

Reliance Power is currently trading at Rs. 117.50, up by 0.75 points or 0.64% from its previous closing of Rs. 116.75 on the BSE.

The scrip opened at Rs. 118.00 and has touched a high and low of Rs. 118.70 and Rs. 117.30 respectively. So far 350352 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. 120.70 and Rs. 115.70 respectively. The current market cap of the company is Rs. 33100.49 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 has selected AREVA Solar - subsidiary of AREVA to build a 250 MW concentrated solar power (CSP) in Rajasthan. According to the contract, the company will build two 125 MW CSP plants using its Compact Linear Fresnel Reflector (CLFR) technology and will provide construction management services for the project. The first phase of the project is under construction, with a target commercial operation date of May 2013.

At present, AREVA Solar is in talks with Nuclear Power Corporation to supply initially two evolutionary pressurized reactors of 1,650 MW each and later four additional reactors of the same capacity for the proposed 9,900 MW Jaitapur nuclear project in Maharashtra.

In total, AREVA Solar currently has more than 500 MW of CSP projects in operation, under construction or in advanced development, making AREVA one the fastest-growing CSP technology providers.

Recently, Reliance Power announced that it is likely to spend more than Rs 6,000 crore for solar power generation projects in Rajasthan in the next two years.

Reliance Power Share Price

28.72 -0.41 (-1.41%)

08-May-2026 16:59 View Price Chart

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