Reliance Power shines on inking pact with China Datang

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

24 Aug 2012 Evaluate

Reliance Power is currently trading at Rs. 84.75, up by 0.55 points or 0.65% from its previous closing of Rs. 84.20 on the BSE.

The scrip opened at Rs. 84.40 and has touched a high and low of Rs. 85.40 and Rs. 82.80 respectively. So far 10, 99,000 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. 89.75 and Rs. 82.80 respectively. The current market cap of the company is Rs. 23,773 crore.

The promoters holding in the company stood at 80.42% while Institutions and Non-Institutions held 7.00% and 12.5% respectively.

Reliance Power, Anil Ambani-led firm has reportedly inked pact with China's state-owned China Datang Corporation for providing operation and maintenance services to power plants in India and overseas. The joint venture will mainly target coal-based power projects built on Chinese equipment.

Further, the preliminary agreement also includes setting up a joint venture in India to offer operation and maintenance services to power plants and China Datang assisting Reliance Power in commissioning projects including the 4,000 MW ultra mega power project at Sasan in Madhya Pradesh.

China Datang is a power generation company with an installed capacity of 105,000 MW, over 50% of India's total generation capacity, and employs about 98,000 people. Reliance Power is part of the Reliance Anil Dhirubhai Ambani Group and is established to develop, construct and operate power projects domestically and internationally.

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
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