Reliance Power gains on developing new gas-fired power generation project in Bangladesh with JERA

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

05 Mar 2021 Evaluate

Reliance Power is currently trading at Rs. 4.72, up by 0.22 points or 4.89% from its previous closing of Rs. 4.50 on the BSE.

The scrip opened at Rs. 4.65 and has touched a high and low of Rs. 4.72 and Rs. 4.61 respectively. So far 16078564 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5.23 on 03-Jul-2020 and a 52 week low of Rs. 1.00 on 26-Mar-2020.

Last one week high and low of the scrip stood at Rs. 4.73 and Rs. 3.81 respectively. The current market cap of the company is Rs. 1324.02 crore.

The promoters holding in the company stood at 9.06%, while Institutions and Non-Institutions held 7.57% and 83.37% respectively.

Reliance Power and JERA Co. Inc. (JERA), through their joint venture project company, are developing a new gas-fired power generation project in Bangladesh. The project company has achieved financial closure for the project with a group of lenders that includes Japan Bank for International Cooperation (JBIC) & Asian Development Bank (ADB) and all requisite conditions for availing drawdown under the loan agreements have been satisfied.

The Project is to build, own, and operate a 745 MW (net output: 718 MW) natural gas combined-cycle power project in Meghnaghat, Narayanganj, located approximately 40 km southeast of Dhaka (the Project/ Phase 1).

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.

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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