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The Economic Times

Reliance Power, Reliance Infrastructure shares rise up to 7.5%; what’s driving the gains?

Reliance Power has announced the settlement of obligations amounting to Rs 3,872.04 crore concerning the guarantee for lenders VIPL. The company also reported that all disputes with CFM Asset Reconstruction have been resolved, and it has pledged 100% of VIPL's shares to CFM in exchange for the release and discharge of the guarantee provided by Reliance Power.

Mint

Reliance Power share are up by 4.97%, Nifty up by 0.53%

Reliance Power Share Price Today on 19-09-2024: On the last trading day, Reliance Power had a stable performance with the opening price, closing price, high, and low all remaining consistent at ₹34.62. This indicates that there was no price fluctuation throughout the day.

CNBC TV18

Reliance Power board meet on Sept 23 to consider long-term fund raise

Reliance Power is exploring multiple avenues, including preferential issue, qualified institutional placement (QIP), rights issue and foreign currency convertible bonds.

CNBC TV18

Anil Ambani's Reliance Infrastructure and Reliance Power slash debt by a cumulative ₹7,220 crore

In a major move, Reliance Infrastructure Ltd and Reliance Power Ltd have slashed their combined debt by ₹7,220 crore. Reliance Infrastructure reduced its external debt from ₹3,831 crore to ₹475 crore, aided by securities novation and debt settlement with lenders.

Business Line

Reliance Power says obligations as guarantor on behalf of Vidarbha Industries fully settled

Corporate guarantees, undertakings and obligations and claims in relation to VIPL’s ₹3,872.04-crore outstanding debt are, therefore, released

Mint

Adani Group’s bid to buy Reliance Power’s plant near Mumbai gets a fresh boost

Reliance Power's resolution of a loan dispute clears the path for Adani Group to acquire the Butibori thermal power plant, previously a key electricity supplier to Mumbai.

The Economic Times

Reliance Power exits Vidarbha power plant after releasing corporate guarantee

Reliance Power Ltd, controlled by Anil Ambani, has exited the 600 MW Vidarbha Industries Power Ltd (VIPL) after pledging all its shares to CFM ARC. This move releases Reliance Power from its corporate guarantee obligations related to VIPL's Rs 3872 crore debt. CFM ARC and Axis Bank now control VIPL.

Business Standard

Reliance Power shares lock in 5% upper circuit on bourses: Here is why

Reliance Power had announced that it has settled its obligations of Rs 3,872.04 crore towards the corporate guarantee of the lenders of Vidarbha Industries

The Economic Times

Reliance Power shares locked in 5% upper circuit on settling Rs 3,900 crore obligations

Reliance Power Share Price: Shares of Reliance Power rose 5% today, reaching a high of Rs 32.98, following the announcement of a settlement regarding obligations worth Rs 3,872.04 crore for the lenders of Vidarbha Industries Power (VIPL). The company also settled all disputes with CFM Asset Reconstruction, pledging 100% of VIPL's shares to CFM for the release of the guarantee.

Business Standard

Reliance Power Ltd Spurts 5%

Reliance Power Ltd has added 0.52% over last one month compared to 2.09% gain in BSE Utilities index and 3.18% rise in the SENSEX

Mint

Reliance Power share price surges 5%. Here's why

Stocks in focus: Reliance Power has successfully settled a substantial debt owed by its former subsidiary, Vidarbha Industries Power Limited (VIPL).

CNBC TV18

Reliance Power settles ₹3,872 crore guarantor obligations for Vidarbha Industries Power

Shares of Reliance Power rose 1% to end at ₹31.41 on NSE on Tuesday.

Business Standard

Reliance Power settles its obligations as Guarantor for Vidarbha Industries Power

Also settle disputes with CFM Asset Reconstruction

Mint

Reliance Power share are down by -0.32%, Nifty up by 0.07%

Reliance Power Share Price Today : On the last trading day, Reliance Power opened at ₹31.51 and closed at ₹30.96. The stock reached a high of ₹31.88 and a low of ₹30.90 during the day.

Business Line

Reliance Power secures 500 MW/1000 MWh battery storage contract

The auction, held on September 11, 2024, is part of SECI’s initiative to enhance energy storage capabilities across the country

Business Standard

RPower secures 500 MW storage contract marking entry into renewable energy

Other bidders in the auction included Avaada Energy, ACME Cleantech, Gensol, and Indigrid, with the highest quoted tariff reaching Rs 4.9 lakh per MW per month

The Economic Times

Reliance Power shares hit 5% upper circuit on 500 MW battery storage contract win

Reliance Power Share Price: Reliance Power shares surged 5% after securing a 500 MW battery storage contract through SECI's e-reverse auction. This marks a significant entry into the renewable energy and storage sector for Reliance Power, which submitted a competitive tariff bid of Rs 3.81999 lakh/MW/month.

Business Standard

Reliance Power bags 500 MW battery energy storage contract through auction

Reliance Power on Monday announced that it has secured a battery storage contract of 500 MW through the e-reverse auction (eRA) conducted by the Solar Energy Corporation of India (SECI). The auction, held on September 11, 2024, is part of SECI's initiative to enhance energy storage capabilities across the country. The contract involves the installation of a total of 1,000 MW of standalone BESS units, awarded on a build-own-operate (BOO) model for "On Demand" usage under a tariff-based competitive bidding process. Reliance Power has secured 500 MW MWh of this capacity, marking a significant entry into the renewable energy and storage sector, a company spokesperson said. The competitive bidding saw Reliance Power submitting a tariff bid of Rs 3.81999 lakh/MW/month. This new tariff benchmark represents one of the lowest rates for BESS tenders at the 400 KV level in India to date. The delivery point for the project shall be 400 kV Fatehgarh(ATL) PS, Rajasthan. The scheduled commissio

The Economic Times

Reliance Power bags 500 MW battery energy storage contract

Reliance Power has secured a 500 MW battery storage contract through an e-reverse auction conducted by the Solar Energy Corporation of India. The project involves installing standalone BESS units on a build-own-operate model for 'On Demand' usage. This marks Reliance Power's significant entry into the renewable energy sector, with the project set to be commissioned within 24 months.

CNBC TV18

Reliance Power wins 500 MW SECI battery storage contract, shares surge by 5%

Reliance Power has secured a 500 MW Battery Energy Storage System (BESS) project through SECI’s competitive auction. Following the announcement, the company's shares surged by 5%, trading at ₹31.32.

Mint

Reliance Power share are up by 1.31%, Nifty up by 0.17%

Reliance Power Share Price Today : On the last trading day, Reliance Power opened at ₹30.01 and closed at ₹30.22. The stock reached a high of ₹30.65 and a low of ₹29.90 during the session.

Mint

Reliance Power share are up by 1.96%, Nifty up by 0.11%

Reliance Power Share Price Today : On the last trading day, Reliance Power opened at ₹30.24 and closed at ₹30.62. The stock reached a high of ₹30.65 and a low of ₹29.91 during the day.

Mint

Reliance Power share are down by -3.01%, Nifty down by -0.87%

Reliance Power Share Price Today : On the last trading day, Reliance Power opened at ₹30.9 and closed at ₹29.94. The stock reached a high of ₹31.15 and a low of ₹29.83 during the session.

Mint

Guinea Turns to Solar to Cut Energy Reliance on Neighbors

Guinea plans to build the country’s first solar power plants to increase its electricity production by 15% and cut its reliance on West African neighbors.

Mint

Reliance Power share price Today Live Updates : Reliance Power Shares Dip in Today's Trading Session

Reliance Power Share Price Today Live Updates : Reliance Power stock price went down today, 03 Sep 2024, by -1 %. The stock closed at 30.1 per share. The stock is currently trading at 29.8 per share. Investors should monitor Reliance Power stock price closely in the coming days and weeks to see how it reacts to the news.

Mint

Reliance Power share price Today Live Updates : Reliance Power Shares Surge in Today's Trading

Reliance Power Share Price Today Live Updates : Reliance Power stock price went up today, 02 Sep 2024, by 0.07 %. The stock closed at 30.6 per share. The stock is currently trading at 30.62 per share. Investors should monitor Reliance Power stock price closely in the coming days and weeks to see how it reacts to the news.

The Economic Times

Reliance Power shares tumble 10% in 2 days after Sebi ban on Anil Ambani

Reliance Power Share Price: The stock of Reliance Power, controlled by Anil Ambani, dropped 10% in recent trading sessions following SEBI's decision to restrict Ambani from the securities market for fraud-related charges. Although Ambani resigned, Reliance Power clarified that the SEBI order does not impact its business operations.

Business Standard

Reliance Power Q1FY25 results: Net loss narrows to Rs 97.85 crore

Other income was Rs 76.95 crore compared with Rs 36.90 crore in the same quarter the previous year, a more than two-fold increase

The Economic Times

Reliance Power Q1 Results: Net loss narrows to Rs 98 crore

Reliance Power on Wednesday said its consolidate loss narrowed to Rs 97.85 crore during the June 2024 quarter, on account of improved income. It had reported a loss of Rs 296.31 crore in the April-June period of the preceding 2023-24 financial year, the company said in a regulatory filing.

Business Standard

Reliance Power Q1 results: Net loss narrows to Rs 98 cr on improved income

Reliance Power on Wednesday said its consolidate loss narrowed to Rs 97.85 crore during the June 2024 quarter, on account of improved income. It had reported a loss of Rs 296.31 crore in the April-June period of the preceding 2023-24 financial year, the company said in a regulatory filing. The company increased its income to Rs 2,069.18 crore from Rs 1,951.23 crore in the year-ago period. Shares of the company closed 2.01 per cent down at Rs 29.77 apiece on the BSE. Part of Reliance Group, the company has close to 6,000 MW of operational power generation assets.

Business Standard

Reliance to commission 1st solar giga-factory to achieve net zero emission

Reliance Industries Ltd, India's most valuable company, plans to commission its first solar giga-factory in the current fiscal as it pivots a green pathway to achieve net zero carbon emissions from operations by 2035. In its largest annual report, the firm said it is targeting to commission the first train of 20GW solar PV (photovoltaic) manufacturing by the end of 2024-25 fiscal (April 2024 to March 2025) and scale up to 20GW in a phased manner over 2026. The solar giga factory will include manufacturing of PV modules, cells, wafers and ingots, polysilicon, and glass at a single location. The modules convert sunlight into electricity. It is also targeting industrialising sodium-ion cell production at the MW level in 2025 and first 50 MWh a year lithium battery cells pilot in 2026. Reliance had in 2021 announced plans to invest USD 10 billion over three years to develop a new fuels business based on 100 GW of renewable power capacity by 2030. The plan involves setting up four giga