Reliance Power is currently trading at Rs. 115.80, up by 1.10 points or 0.96% from its previous closing of Rs. 114.70 on the BSE.
The scrip opened at Rs. 115.10 and has touched a high and low of Rs. 116.30 and Rs. 114.80 respectively. So far 233315 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. 113.70 respectively. The current market cap of the company is Rs. 32483.36 crore.
The promoters holding in the company stood at 80.42% while Institutions and Non-Institutions held 6.33% and 13.23% respectively.
In a view to fund acquisition of solar power technology from American companies the US Exim Bank has approved a $80 million (over Rs 400 crore) direct loan for Anil Ambani’s Reliance Power.
Reliance Power would use the funds to buy the technology from companies in eight states of the US for expanding the company’s Rs 700-crore solar power project in Rajasthan. The project is being co-financed by Asian Development Bank and the Dutch Development Bank.
Last month, the company commissioned India's largest solar project with a capacity of 40 mw in Rajasthan and plans to add another 100 mw capacity in the next one year. After commissioning the plant, group chairman Ambani stated that the company was looking at investing over Rs 6,000 crore to ramp up solar power capacity to 300 mw in two years.
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