SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Reliance Power files for arbitration against 11 procurers

02 Jul 2012 Evaluate

Reliance Power has filed its statement for claim against 11 procurers of power from the 4,000 MW Krishnapatnam Ultra Mega Power Project in Andhra Pradesh. It has filed for arbitration in the Indian Council of Arbitration under the Indian Arbitration and Conciliation Act 1996.

The Statement of Claim has cited relevant clauses under the Power Purchase Agreement signed between Coastal Andhra Power Ltd (CAPL), the wholly owned subsidiary of Reliance Power Ltd, and procurers comprising 11 state distribution companies in four states.

Reliance Power Share Price

28.72 -0.41 (-1.41%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 402.20
Tata Power 436.00
Adani Power 225.15
Power Grid Corp 313.90
Torrent Power 1724.80
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×