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Ten years of Anil Ambani-led Reliance Power listing: All you need to know

The company's stock performance left the Street wondering if it was over-priced

Amritha Pillay 

Anil Ambani, chairman of Reliance Group, at the listing ceremony of Reliance Power at the BSE in Mumbai on February 11, 2008 	Reuters
Anil Ambani, chairman of Reliance Group, at the listing ceremony of Reliance Power at the BSE in Mumbai on February 11, 2008 Reuters

The Anil Ambani-led Power completed a decade since its public listing on the exchange. The scrip created ripples in the market for enjoying a valuation higher than existing power generation On February 11, 2008, the company made its debut on the exchanges with a listing price of Rs 232.7 per share. The stock, however, was on a steady downfall. Ten years of Anil Ambani-led Reliance Power listing: All you need to know Ten years of Anil Ambani-led Reliance Power listing: All you need to know Now the price is at Rs 47.4 per share. The company's stock performance left the Street wondering if it was over-priced or if the existing power companies' stocks were under-valued.

But, it was not long before the initial optimism fizzled out. A bullish outlook on India’s and R-Power’s mega expansion plans drove the aggressive pricing. R-Power had projected an ambitious capacity of more than 28,100 megawatt by 2016. At present, the company operates at a total capacity 5,945 Mw. Part of its capacity addition plans, two of the three ultra-mega power plants that R-Power won through competitive bidding, never saw the light of the day due to various reasons including land acquisition and coal supply issues.

First Published: Mon, February 12 2018. 22:02 IST
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