Reliance Power has reported a consolidated net loss of Rs 494 crore for the quarter ended March 31. The company had posted a consolidated net profit of Rs 125.57 crore in the corresponding quarter of the previous financial year, according to a regulatory filing. Total income declined to Rs 1,946.33 crore during the quarter under review from Rs 2,065.64 crore in the year-ago period. The company has reported a loss of Rs 336.89 crore for the fiscal year 2025-26, compared with a net profit of Rs 2,947.83 crore in 2024-25. Total income dipped to Rs 7,988.52 crore in FY26 from Rs 8,257.04 crore in the previous fiscal. The board approved a proposal for raising funds up to Rs 6,000 crore through the issuance of equity shares, equity-linked instruments and/or other eligible securities to qualified institutional buyers via a Qualified Institutions Placement and /or a follow-on-public offer or a combination of both. The board also approved a proposal for issuance of secured / unsecured, ..
Investors are betting big on the power sector companies, expecting a rise in electricity demand ahead of the peak summer season.
Reliance Infrastructure declined as much as 4.5 per cent the 52-week low of ₹89.70 per share on the National Stock Exchange (NSE)
Wipro, Cyient, Hexaware Technologies, KPIT Technologies and L&T Technology Services from the IT sector and Info Edge (India) and C.E. Info Systems from the IT-related sector hit 52-week lows on Monday
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