Reliance Power gains on synchronizing first unit of 600MW Butibori Plant

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

26 Jun 2012 Evaluate

Reliance Power is currently trading at Rs. 101.25, up by 1.75 points or 1.76% from its previous closing of Rs. 99.50 on the BSE.

The scrip opened at Rs. 99.10 and has touched a high and low of Rs. 101.55 and Rs. 99.10 respectively. So far 4,65,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 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. 103.65 and Rs. 95.60 respectively. The current market cap of the company is Rs. 28,401.00 crore.

The promoters holding in the company stood at 80.42% while Institutions and Non-Institutions held 6.79% and 12.77% respectively.

Reliance Power has synchronized the first of two units of its 600 MW Butibori Thermal Power Project near Nagpur in Maharashtra. Power generated from the plant will mainly be distributed to industrial as well as distribution utilities in Maharashtra.

The first unit of the plant has been synchronized in a record time of just over 21 months from boiler erection to synchronization. The second 300 MW unit of the plant is also on track for commissioning before the end of this calendar year.

The investment of over Rs 3,600 crore in the Butibori plant represents one of the biggest investment made in Maharashtra. The plant is among the most compact sized thermal plants in the country with its 600 MW capacity requiring not more than 275 acres of plant land.

Reliance Power is part of the Reliance Anil Dhirubhai Ambani Group and is established to develop, construct and operate power projects domestically and internationally. The company on its own and through subsidiaries is currently developing 13 medium and large sized power projects with a combined planned installed capacity of 28,200 MW, one of the largest portfolios of power generation assets under development in India.

Reliance Power Share Price

28.72 -0.41 (-1.41%)

08-May-2026 16:59 View Price Chart

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