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Reliance Power perks up as its 3,960 MW Tilaiya UMPP gets registered for carbon credits

03 Oct 2011 Evaluate

Reliance Power is currently trading at Rs 78.30, up by 1.50 points or 1.95% from its previous closing of Rs 76.80 on the BSE.

The scrip opened at Rs 76.85 and has touched a high and low of Rs 78.90 and Rs 75.90 respectively. So far 648000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 191.00 on 11-Nov-2010 and a 52 week low of Rs 75.25 on 30-Sep-2011.

Last one week high and low of the scrip stood at Rs 82.55 and Rs 75.25 respectively. The current market cap of the company is Rs 21964 crore.

The promoters holding in the company stood at 80.42% while Institutions and Non-Institutions held 6.57% and 12.99% respectively.

Reliance Power's 3,960 MW Tilaiya Ultra Mega Power Project (UMPP) in Jharkhand has got approval for carbon credits from the United Nation & Framework Convention on Climate Change (UNFCCC). The pit-head based thermal power project has been registered with the Clean Development Mechanism Executive Board (CDM-EB) of UNFCCC and it allows the Tilaiya project to earn Certified Emission Reductions (CERs). The CERs can be traded and sold and translates into direct revenues for Reliance Power.

This is recognition of the company's commitment to use of clean, green technologies for reducing carbon footprints and sets a benchmark in the country.

Reliance Power's Tilaiya UMPP is a 3,960 MW (6 units of 660 MW each) pit-head project based on super-critical technology in Tilaiya in Hazaribagh district in Jharkhand. Jharkhand integrated Power, has entered into a 25-year Power Purchase Agreement (PPA) with off-takers for its entire capacity at a competitive tariff. The project would supply power to 18 off-takers in ten states. The Tilaiya project would be largest investment undertaken by any private sector entity in India's eastern part.

Recently, the company had received an approval from the Reserve Bank of India to raise $2.2 billion around Rs 11,000 crore from US Exim and Chinese banks for its flagship Sasan 3,960 megawatt ultra mega power project in Madhya Pradesh.

Reliance Power Share Price

28.40 -1.71 (-5.68%)
24-Apr-2026 16:59 View Price Chart
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