Reliance Power strengthens on starting production of coal at Sasan mines

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

03 Sep 2012 Evaluate

Reliance Power is currently trading at Rs. 77.55, up by 0.50 points or 0.65% from its previous closing of Rs. 77.05 on the BSE.

The scrip opened at Rs. 76.90 and has touched a high and low of Rs. 78.10 and Rs. 75.80 respectively. So far 1138448 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. 86.60 and Rs. 75.50 respectively. The current market cap of the company is Rs. 21347.01 crore.

The promoters holding in the company stood at 80.42% while Institutions and Non-Institutions held 7.00% and 12.56% respectively.

Reliance Power has started production of coal at its Sasan mines in Madhya Pradesh. Coal from the mines will be used to generate electricity at the company’s Sasan Ultra Mega Power Plant, India’s largest domestic coal-based power plant. There will be annual production of 20 million tonnes from the Moher and Moher - Amlohri coal mines associated with the Sasan project.

This makes Reliance Power’s mines the largest in the country on the basis of volume of material handled. The Sasan coal mines are deploying the largest mining equipment ever used in India. The equipment being used includes giant rope shovels, dumper trucks, dozers and graders. The company will soon press into service draglines with a 61 cubic meter bucket, which is twice the size of the largest dragline ever to be used in India.

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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