Page 3 - Reliance Power

Reliance Power Q4 result: Profit of Rs 126 cr, shares zoom over 11%

Shares of Reliance Power on Monday jumped over 11 per cent after the firm posted a consolidated net profit of Rs 126 crore in the March quarter of FY25. The stock surged 10.66 per cent to close at Rs 42.77 apiece on the BSE. During the day, it jumped 13.60 per cent to Rs 43.91. On the NSE, it rallied 11.25 per cent to Rs 43. The company's market valuation climbed Rs 1,654.99 crore to Rs 17,180.58 crore. In volume terms, 236.89 lakh shares of the firm were traded on the BSE and 1,648.08 lakh shares exchanged hands on the NSE during the day. Reliance Power on Friday posted a consolidated net profit of Rs 126 crore in the January-March quarter of FY25 due to lower expenses. The company had reported a loss of Rs 397.56 crore in the quarter ended on March 31, 2024, a regulatory filing showed. Total income dipped to Rs 2,066 crore in the fourth quarter from Rs 2,193.85 crore in the same period a year ago. Total expenses declined to Rs 1,998.49 crore in the quarter under review from R

Reliance Power shares jump 13% in trade; here's why stock is in demand

Reliance Power share price: In the past one year, Reliance Power shares have gained over 50 per cent as against Sensex's rise of 9 per cent

Reliance Power allots shares worth Rs 348 cr to Reliance Infra, Basera

Reliance Power has allotted 10.55 crore shares to Reliance Infra and Basera Home Finance after early warrant conversion, boosting its clean energy expansion

Reliance Power raises ₹348 crore via preferential share allotment

Reliance Power on Wednesday said it has raised Rs 348.15 crore through preferential issue of shares. The company said 9.55 crore equity shares were issued to Reliance Infrastructure (promoter) and 1 crore shares to Basera Home Finance Private Limited (public). The 10.55 crore fully paid-up equity shares have been issued at a price of Rs 33 per share (including a premium of Rs 23 per share) aggregating to Rs 348.15 crore, it said. The capital infusion will strengthen company's growth trajectory in the renewable energy sector. The company made a preferential issue of 46.20 crore warrants aggregating Rs 1,525 crore in October 2024. A minimum upfront amount of 25 per cent was paid on the warrants and the balance 75 per cent was payable in 18 months. Fully paid warrants are convertible into equivalent number of equity shares. Reliance Power said it "maintains a zero-bank debt position, ensuring a strong, unleveraged balance sheet. This enhances financial flexibility and supports ...

Reliance Power to invest Rs 10K cr for Asia's largest solar-BESS unit

Reliance Power's NU Suntech secures SECI contract to develop Asia's largest single-site solar-plus-battery project, with Rs 10,000 crore investment and 930 MW capacity

Reliance Power Q3FY25 results: Firm records Rs 41.95 crore net profit

The company stated that it reduced the debt-to-equity ratio from 1.61:1 in FY24 to 0.86:1 in Q3FY25

Reliance Power share price surges 9.5% on turning profitable in Q3

Reliance Power Q3 results boost Reliance Power share price today; here's why

Reliance Power back in the black: Reports Rs 42 cr net profit in Q3

Reliance Power on Wednesday posted a net profit of Rs 41.95 crore in the December quarter on account of higher income. It had reported a loss of Rs 1,136.75 crore in the year-ago quarter, the company said in an exchange filing. The company's total income rose to Rs 2,159.44 crore during the quarter from Rs 1,998.79 crore a year ago. Expenses stood at Rs 2,109.56 crore, lower as against Rs 3,167.49 crore in third quarter of the preceding financial year. In a statement, the company said it has achieved zero bank debt status, which means it has no outstanding balance to any bank -- private or public. Total debt servicing, including maturity repayment in the April-December period of FY25 was Rs 4,217 crore. As of December 31, the company's net worth stood at Rs 16,217 crore. During the period, its 3,960 MW Sasan Ultra Mega Power Project in Madhya Pradesh achieved 93 per cent (plant load factor) PLF, while 1,200 MW Rosa Power Plant in Uttar Pradesh had available of 97 per cent. Reli

Reliance Power's arm Sasan Power pays $150 million debt to UK's IIFCL

Reliance Power on Wednesday said its arm Sasan Power Ltd has made a bullet payment of USD 150 million to IIFCL, UK, fulfilling its debt obligation on December 31, 2024. This repayment will bolster Sasan Power's debt coverage metrics, improve liquidity, and enhance its credit rating, a company statement said. Sasan Power operates a 3,960 MW Ultra Mega Power Plant (UMPP) in Sasan, Madhya Pradesh, which is the world's largest integrated coal-based power plant, it said. It boasts a captive coal mining capacity of 20 MTPA. The plant supplies electricity to 14 Discoms distribution companies (DISCOMs) across seven states -- Madhya Pradesh, Uttar Pradesh, Rajasthan, Punjab, Haryana, Uttarakhand, and New Delhi -- at the lowest tariff in India of Rs 1.54 per unit, benefiting more than 40 crore people. For seven consecutive years, Sasan Power has been ranked as the best-performing power plant in India. The loan repayment further strengthens Reliance Power's balance sheet as the company ...

Reliance NU Suntech secures 930 MW solar, 465 MW battery energy projects

Reliance Power on Tuesday said its arm Reliance NU Suntech has secured a solar project of 930 MW and 465 MW battery energy storage system (BESS) project from Solar Energy Corporation of India (SECI). The project will see the second largest deployment of grid storage batteries at a single site in Asia, after China, a company statement said. According to the statement, Reliance Power subsidiary, Reliance NU Suntech Private Ltd (Reliance NU Suntech) received a Letter of Award from SECI for its proposed Solar 930 MW and 465 MW/1860 MWh BESS projects. The competitive tariff with an assured supply of peak power for 4 hours daily will be a relief for DISCOMs that have had to consistently buy power from the power exchanges during peak hours at the cap of Rs 10 per unit. Reliance NU Suntech won the 930 MW solar energy contract in an e-reverse auction held on December 9, 2024. As per the terms of the tender, Reliance NU Suntech will also install a minimum storage capacity of 465 MW/1,860 MW

Reliance Power hits 5% upper circuit on large solar project win; details

Shares of Reliance Power reached their 5 per cent at Rs 46.24 per share in the early morning trade of Thursday

Reliance NU Suntech wins India's largest solar and battery storage project

The project was secured through SECI's Tranche XVII e-reverse auction held on December 9, 2024, at a winning tariff of Rs 3.53 ($0.0416) per kWh (kilowatt-hour)

Reliance Power forms new arm for renewable energy biz; appoints CEO, COO

Reliance Power on Tuesday announced setting up its renewable energy business arm Reliance NU Energies and appointed Mayank Bansal as Chief Executive Officer and Rakesh Swaroop as Chief Operating Officer of the subsidiary. Both of them have joined the company from ReNew. Bansal was Group President of ReNew Power's India RE Business and Swaroop served as Vice President and Head of Utility Business at ReNew Power. It has set up a new subsidiary namely Reliance NU Energies for renewable energy business, Reliance Power said in a statement. "The new subsidiary Reliance Nu will innovate and seize the opportunities in developing clean, affordable and reliable energy solutions that India and the world's growing demand for sustainability needs," it said. Reliance Nu focuses on solar, wind, hybrid systems, and advanced energy storage to address these needs. On the appointment of CEO and COO, Reliance Power said the two energy sector veterans will helm Reliance Power's new initiative, Relianc

SECI withdraws debarment notice to RPower; firm eligible for future tenders

SECI on Tuesday said it has withdrawn the debarment notice issued to Reliance Power, enabling the Anil Ambani-led firm to participate in future tenders of the public sector entity. Solar Energy Corporation of India Limited (SECI), which serves as the implementing agency for renewable energy projects, had on November 6 debarred Reliance Power Ltd and Reliance NU BESS Ltd from participating in any of its tenders for three years for allegedly submitting "fake documents". On November 13, SECI had also slapped a show cause notice on Anil Ambani-run Reliance Power, asking why criminal proceedings should not be initiated after fake bank guarantee was submitted by its unit. In the latest statement on Tuesday, SECI said the withdrawal of its debarment notice is without prejudice to its right to take all actions in accordance with the law. Following the legal proceedings related to this matter, the debarment notice issued to Reliance Power Limited has been withdrawn with immediate effect," S

Delhi High Court stays SECI order barring Reliance Power from auctions

The debarment notice has raised concerns for Reliance Power, which leverages its subsidiaries to secure contracts in India's competitive renewable energy market

Delhi HC stays clean energy agency's ban on Ambani's firm Reliance Power

The Delhi High Court has stayed clean energy agency SECI's decision to bar Anil Ambani group firm Reliance Power Ltd from participating in auctions for three years, the company said on Tuesday. The Solar Energy Corporation of India (SECI) had earlier this month barred Reliance Power and its units from participating in auctions for three years over allegations of submitting a fake bank guarantee to support its bid for a recent battery storage tender. "High Court of Delhi, in its hearing held today, has granted stay on notice of debarment and public notice issued by SECI against the company, including all its subsidiaries except Reliance NU BESS Limited (formerly known as Maharashtra Energy Generation Limited)," the firm said in a stock exchange filing. Reliance NU BESS had submitted a bank guarantee purportedly issued by the FirstRand Bank through its branch supposed to be located in Manila City, Manila, the Philippines. Upon detailed investigation, it was confirmed by the Indian ..

Reliance Power, Reliance Infra climb up to 5% after board restructuring

Shares of Reliance Power, and Reliance Infrastructure rose up to 5 per cent in intraday deals on Tuesday after the companies announced a restructuring of their respective board of directors

Reliance Power, R-Infra reconstitute boards with four new directors

The companies elevated their four senior officials to the board

Anil Ambani's RPower gets SECI showcause over 'fake bank documents'

Agency may weigh criminal proceedings against Anil Ambani-owned firm

SECI weighs criminal action against Reliance Power over fake bid documents

SECI said on Wednesday that the bank guarantee submitted by the unit, Reliance NU BESS, was also fake