Reliance Power has transferred its entire holding of 1,49,900 Equity Shares of Rs 10 each, aggregating to Rs 14,99,000 held in Jharkhand Integrated Power, a Special Purpose Vehicle (SPV) created for development of Tilaiya UMPP, to Jharkhand Urja Vikas Nigam, the Lead Procurer, acting on behalf of Procurers of Tilaiya UMPP. The consideration received from this sale is Rs 112.64 crore
Reliance Power, a part of the Reliance Group, is India’s leading private sector power generation and coal resources company. The company has the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy.