Page 7 - Reliance Power

Reliance Power posts consolidated profit before tax of Rs 82.23 crore

In the year-ago same period, the company logged a profit of Rs 36.19 crore, a regulatory filing said

Reliance Power reports Rs 2 cr loss for June quarter; income at Rs 2,137 cr

Reliance Power on Thursday posted a consolidated net loss of Rs 1.88 crore for the quarter ended June 30, 2020. In the year-ago same period, the company logged a profit of Rs 36.19 crore, a regulatory filing said. Total income of the company fell to Rs 2,137.10 crore in the first quarter from Rs 2,163.39 crore in the year-ago period, it said. The consolidated net loss of the company in 2019-20 was Rs 4,255.37 crore. Total income was Rs 8,202.41 crore. The group is engaged in only one segment -- Generation of Power -- and hence, there is no separate reportable segment. The company said the group is confident of meeting its obligations by generating sufficient cash flows through time bound monetisation of gas-based power plant equipment and other assets of certain subsidiaries, as also realize the amount from ongoing regulatory or arbitration claims. Considering the dependence on these material uncertain events and realisation of assets, the group is confident that such cash flows

Tata Power to raise Rs 2,600 crore from Tata Sons via preferential issue

Tata Power board approves setting up of renewables InvIT

Anil Ambani planning to increase stake in Reliance Infra, Reliance Power

Ambani also informed shareholders that Reliance Power had refrained from availing a moratorium on its loans, calling the moratorium a 'financial penalty'

From thermal to solar units, China dominates India's power sector

Barring a few, all privately-owned thermal power units, roughly about 40,000 Mw, constructed over the past decade were built using Chinese equipment.

Anil Ambani-promoted RInfra's total default pegged at Rs 3,315 crore

In notes to its consolidated results for FY20, the list of debt on which it has defaulted, or has delayed payments, includes 33 different lenders and non-convertible debenture (NCD) series.

Reliance Power wins lawsuit challenging validity of arbitration award

The total dues payable by Kokos Jiang and Prestige Capital Holdings stands at 68 million dollars as on the day of judgement

RPower Q3 net profit declines 57% to Rs 49 cr, income down at Rs 1,898 cr

In the April-December 2019 period, the firm's consolidated net profit stood at Rs 130.66 cr, compared with Rs 451.30 cr in the year-ago period. Its consolidated net loss was Rs 2,951.82 cr in 2018-19.

Reliance Power plans Rs 4,000-cr capex to install FGD units across plants

As a part of its strategy to achieve clean green power, the company will focus on renewable energy projects like solar and wind

Merger schemes help RInfra, RPower over-ride accounting standards

BSR & Co and Pathak HD & Associates were the auditors to both RInfra and RPower, until 9th August, when BSR resigned as auditor for both the companies

Reliance Power, Japan's JERA to set up 750-Mw power plant in Bangladesh

RPower plans to use funds paid for the equipment for repayment of debt worth Rs 835 crore

RPower, Japanese energy major JERA JV to build 750 MW plant in Bangladesh

Reliance Power will hold 51 per cent stake in the joint venture company, while JERA will hold 49 per cent stake, the company said in a statement

RPower inks pact with Japan's JERA to set up Bangladesh power project

Reliance Power said the transaction will result in a debt reduction of Rs 835 cr

Reliance Power net down 80% at Rs 36.21 cr in June qtr on lower revenues

The company had reported a consolidated net profit of Rs 187.48 crore in June quarter last year

Trouble for Anil Ambani: BSR resigns as RPower, RInfra's statutory auditor

Cites concerns raised in FY19 audit reports as reason

After RInfra, lenders to Reliance Power sign debt-resolution pact

The announcement comes a day after Reliance Infrastructure (RInfra) made a similar announcement

Anil Ambani group plans $3.2-bn asset sales to pare big debt

Ambani is waging a war on debt. He said on June 11 that his Reliance Group repaid Rs 350 billion in the past 14 months through asset disposals.

Reliance Power disagrees with CARE ratings on its subsidiary Sasan Power

Reliance Power said Sasan has always been regular on debt service without taking any support from its parent company

Anil Ambani's Reliance Power starts process to sell coal mines in Indonesia

RPower holds three coal concessions that are fully explored and are ready to produce coal.

No plan to sell Sasan power project: Reliance Power CEO K Rajagopal

K Rajagopal talks about the ongoing cases in several states