Reliance Power gains after achieving boiler light up for last unit of Sasan UMPP

Reliance Power rose 1.12% to Rs 63.10 at 15:15 IST on BSE after the company said that boiler light up has been achieved for its sixth and last 660 MW unit at the 3,960 MW Sasan Ultra Mega Power Plant.

The announcement was made during market hours today, 2 January 2015.

Meanwhile, the S&P BSE Sensex was up 367.51 points or 1.34% at 27,875.05.

On BSE, so far 9.75 lakh shares were traded in the counter as against average daily volume of 11.54 lakh shares in the past one quarter.

The stock hit a high of Rs 63.80 and a low of Rs 62.50 so far during the day. The stock had hit a 52-week high of Rs 113.20 on 11 June 2014. The stock hit a record low of Rs 58.40 on 17 December 2014.

The stock had underperformed the market over the past one month till 1 January 2015, sliding 5.45% compared with the Sensex's 3.68% fall. The scrip had also underperformed the market in past one quarter, declining 10.34% as against Sensex's 3.54% rise.

The large-cap company has equity capital of Rs 2796.63 crore. Face value per share is Rs 10.

Reliance Power's 3,960 megawatts (MW) Sasan Ultra Mega Power Project is the largest integrated power plant and coal mining project in the world. Coal production has already commenced from the 20 million tonnes Moher and Moher-Amlohri coal mines associated with the power project.

Reliance Power's consolidated net profit rose 1% to Rs 253.07 crore on 35% growth in net sales to Rs 1783.24 crore in Q2 September 2014 over Q2 September 2013.

Reliance Power is lndia's leading private sector power generation company.

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