RPower gains after commencement of commercial operations at second 660 MW unit of Sasan UMPP

Reliance Power rose 1.1% to Rs 64.50 at 9:15 IST on BSE after the company said that commercial operation has commenced at the second 660 MW unit of the 3,960 MW Sasan ultra mega power plant.

The announcement was made after market hours on Tuesday, 28 January 2014.

Meanwhile, the S&P BSE Sensex was up 133.62 points or 0.65% at 20,817.13.

On BSE, so far 36,000 shares were traded in the counter as against average daily volume of 1.05 crore shares in the past two weeks.

The stock hit a high of Rs 64.70 and a low of Rs 64.20 so far during the day.

Reliance Power (RPower)'s Sasan ultra mega power plant (UMPP) is the world's largest integrated power plant and coal mining project.

RPower's consolidated net profit rose 4.3% to Rs 250.50 crore on 22.4% growth in net sales to Rs 1320.63 crore in Q2 September 2013 over Q2 September 2012.

Reliance Power, a part Reliance Group, is India's leading private sector power generation company.

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