Company Profile

RELIANCE POWER LTD.

NSE : RPOWERBSE : 532939ISIN CODE : INE614G01033Industry : Power Generation/DistributionHouse : ADAG
BSE6.92-0.36 (-4.95 % )
PREV CLOSE (Rs.) 7.28
OPEN PRICE (Rs.) 7.64
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 55255272
TODAY'S LOW / HIGH (Rs.)6.92 7.64
52 WK LOW / HIGH (Rs.)1.66 7.28
NSE6.95 -0.35 (-4.79 % )
PREV CLOSE(Rs.) 7.30
OPEN PRICE (Rs.) 7.65
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 6.95 (574553 )
VOLUME 292590749
TODAY'S LOW / HIGH(Rs.) 6.95 7.65
52 WK LOW / HIGH (Rs.)1.7 7.3

Company News

Date Heading Details
10-May-2021 Reliance Power gains on reporting consolidated net profit of Rs 73 crore in Q4 <p align="justify">Reliance Power is currently trading at Rs. 6.62, up by 0.60 points or 9.97% from its previous closing of Rs. 6.02 on the BSE.</p><p align="justify">The scrip opened at Rs. 6.62 and has touched a high and low of Rs. 6.62 and Rs. 6.62 respectively. So far 213884 shares were traded on the counter.</p><p align="justify">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6.02 on 07-May-2021 and a 52 week low of Rs. 1.66 on 13-May-2020.</p><p align="justify">Last one week high and low of the scrip stood at Rs. 6.02 and Rs. 4.76 respectively. The current market cap of the company is Rs. 1688.69 crore.</p><p align="justify">The promoters holding in the company stood at 9.06%, while Institutions and Non-Institutions held 6.40% and 84.52% respectively.</p><p align="justify">Reliance Power has reported results for fourth quarter and year ended March 31, 2021. The company has reported net loss at Rs 59.59 crore for the quarter under review as compared to net loss of Rs 264.94 crore for the same quarter in the previous year. Total income of the company decreased by 13.88% at Rs 55.72 crore for Q4FY21 as compared Rs 64.70 crore for the corresponding quarter previous year.</p><p align="justify">On the consolidated basis, the company has reported net profit attributed to the owners at Rs 72.56 crore for the quarter under review as compared to net loss Rs 4206.38 crore for the same quarter in the previous year. Total income of the company decreased by 11.09% at Rs 1691.19 crore for Q4FY21 as compared Rs 1902.03 crore for the corresponding quarter previous year.</p><p align="justify">For the year ended March 31, 2021, the company has reported net profit at Rs 55.34 crore as compared to net loss Rs 388.84 crore for the previous year. Total income of the company increased by 53.83% at Rs 522.12 crore for year under review as compared to Rs 339.42 crore for year ended March 31, 2020.</p><p align="justify">For the year ended March 31, 2021, on the consolidated basis, the company has reported net profit attributed to the owners at Rs 228.63 crore as compared to net loss of Rs 4076.59 crore for the previous year. However, total income of the company increased by 2.27% at Rs 8388.60 crore for year under review as compared to Rs 8202.41 crore for year ended March 31, 2020.<br></p>
10-May-2021 UCO Bank, HDFC and Elgi Equipments to see some action today <p align="justify"><strong>UCO Bank</strong> has received approval from shareholders for issuance of preferential shares to the government for Rs 2,600 crore capital infusion. The shareholders have also approved adjusting the bank's accumulated losses by March 2020 against the balance in the share premium account. The decisions were taken at the extraordinary general meeting of the shareholders held on May 7, 2021. These proposals have been considered and approved by the shareholders through remote e-voting and e-voting during the meeting.</p><p align="justify"><strong>Housing Development Finance Corporation</strong> (HDFC) in accordance with the direction of Reserve Bank of India (RBI) to reduce its shareholding in HDFC Ergo to 50% or below, has entered into a share purchase agreement for sale of 44,12,000 equity shares of Rs 10 each, representing 0.62% of the issued and paid-up share capital of HDFC Ergo.</p><p align="justify"><strong>Elgi Equipments</strong>' Wholly Owned Subsidiary in Belgium -- ‘Elgi Compressors Europe SRL' has invested 10000 British pound sterling (GBP) in the share capital of ELGi Compressors UK and Ireland. The newly formed entity will host the sales force for the UK &amp; Ireland with an objective of promoting ELGi's products.</p><p align="justify"><strong>Coal India</strong> is all set to continue with the supply of coal to the power plants under import substitution in the FY22. The said development assumes significance in the wake of the PSU earlier stating its drive for coal import substitution has gained tempo with consumers opting for about 90 million tonnes (MT) of indigenous coal in FY21.</p><p align="justify"><strong>Reliance Power</strong> has reported results for fourth quarter ended March 31, 2021. The company has reported net loss at Rs 59.59 crore for the quarter under review as compared to net loss of Rs 264.94 crore for the same quarter in the previous year. Total income of the company decreased by 13.88% at Rs 55.72 crore for Q4FY21 as compared Rs 64.70 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported net profit attributed to the owners at Rs 72.56 crore for the quarter under review as compared to net loss Rs 4206.38 crore for the same quarter in the previous year. Total income of the company decreased by 11.09% at Rs 1691.19 crore for Q4FY21 as compared Rs 1902.03 crore for the corresponding quarter previous year.</p><p align="justify"><strong>Hero MotoCorp</strong> is all set to extend the shutdown of its plants across India till May 16 in view of the prevailing COVID-19 situation in the country. The shutdown also includes the Global Parts Center (GPC) in Neemrana and R&amp;D facility - the Centre of Innovation and Technology (CIT) in Jaipur.</p><p align="justify"><strong>TVS Motor Company</strong>, along with Sundaram Clayton and its group companies, has pledged Rs 40 crore as part of an integrated approach to support the nationwide efforts to curb the spread of COVID-19. The funds will be utilised to provide lifesaving supplies such as oxygen concentrators, PPE Kits, medicines and medical equipment across the country. This initiative is undertaken by Srinivasan Services Trust (SST), the social arm of TVS Motor Company and Sundaram-Clayton.<br></p>
08-May-2021 Reliance Power reports consolidated net profit of Rs 73 crore in Q4 <P align=justify>Reliance Power has reported results for fourth quarter and year ended March 31, 2021.<P align=justify>The company has reported net loss at Rs 59.59 crore for the quarter under review as compared to net loss of Rs 264.94 crore for the same quarter in the previous year. Total income of the company decreased by 13.88% at Rs 55.72 crore for Q4FY21 as compared Rs 64.70 crore for the corresponding quarter previous year.<P align=justify>On the consolidated basis, the company has reported net profit attributed to the owners at Rs 72.56 crore for the quarter under review as compared to net loss Rs 4206.38 crore for the same quarter in the previous year. Total income of the company decreased by 11.09% at Rs 1691.19 crore for Q4FY21 as compared Rs 1902.03 crore for the corresponding quarter previous year.<P align=justify>For the year ended March 31, 2021, the company has reported net profit at Rs 55.34 crore as compared to net loss Rs 388.84 crore for the previous year. Total income of the company increased by 53.83% at Rs 522.12 crore for year under review as compared to Rs 339.42 crore for year ended March 31, 2020.<P align=justify>For the year ended March 31, 2021, on the consolidated basis, the company has reported net profit attributed to the owners at Rs 228.63 crore as compared to net loss of Rs 4076.59 crore for the previous year. However, total income of the company increased by 2.27% at Rs 8388.60 crore for year under review as compared to Rs 8202.41 crore for year ended March 31, 2020.
08-Mar-2021 Reliance Power defaults on repayments to Axis Bank, Yes Bank, Lakshmi Vilas Bank: Report <P align=justify>Reliance Power has reportedly defaulted on repayments to Axis Bank, Yes Bank and Lakshmi Vilas Bank (LVB) due on January 31, 2020. As per regulatory disclosures, the company has defaulted on repaying Rs 78 lakh to Axis Bank, Rs 1.09 crore to Yes Bank and Rs 1.25 crore to LVB. The firm had taken a loan of Rs 75 crore from Axis Bank, Rs 63 crore from Yes Bank and Rs 20 crore from LVB. Total borrowings from financial institutions stood at Rs 1,350 crore as on March 3, 2021.<P align=justify>Reliance Power, a part of the Reliance Group, is India's leading private sector power generation and coal resources company. The company has the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy.
05-Mar-2021 Reliance Power gains on developing new gas-fired power generation project in Bangladesh with JERA <p align="justify">Reliance Power is currently trading at Rs. 4.72, up by 0.22 points or 4.89% from its previous closing of Rs. 4.50 on the BSE.</p><p align="justify">The scrip opened at Rs. 4.65 and has touched a high and low of Rs. 4.72 and Rs. 4.61 respectively. So far 16078564 shares were traded on the counter.</p><p align="justify">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5.23 on 03-Jul-2020 and a 52 week low of Rs. 1.00 on 26-Mar-2020.</p><p align="justify">Last one week high and low of the scrip stood at Rs. 4.73 and Rs. 3.81 respectively. The current market cap of the company is Rs. 1324.02 crore.</p><p align="justify">The promoters holding in the company stood at 9.06%, while Institutions and Non-Institutions held 7.57% and 83.37% respectively.</p><p align="justify">Reliance Power and JERA Co. Inc. (JERA), through their joint venture project company, are developing a new gas-fired power generation project in Bangladesh. The project company has achieved financial closure for the project with a group of lenders that includes Japan Bank for International Cooperation (JBIC) &amp; Asian Development Bank (ADB) and all requisite conditions for availing drawdown under the loan agreements have been satisfied.</p><p align="justify">The Project is to build, own, and operate a 745 MW (net output: 718 MW) natural gas combined-cycle power project in Meghnaghat, Narayanganj, located approximately 40 km southeast of Dhaka (the Project/ Phase 1).</p><p align="justify">Reliance Power, a part of the Reliance Group, is India's leading private sector power generation and coal resources company. The company has the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy.<br></p>
04-Mar-2021 Reliance Power, JERA developing new gas-fired power generation project in Bangladesh <p align="justify">Reliance Power and JERA Co. Inc. (JERA), through their joint venture project company, are developing a new gas-fired power generation project in Bangladesh. The project company has achieved financial closure for the project with a group of lenders that includes Japan Bank for International Cooperation (JBIC) &amp; Asian Development Bank (ADB) and all requisite conditions for availing drawdown under the loan agreements have been satisfied.<br></p><p align="justify">The Project is to build, own, and operate a 745 MW (net output: 718 MW) natural gas combined-cycle power project in Meghnaghat, Narayanganj, located approximately 40 km southeast of Dhaka (the Project/ Phase 1).</p><p align="justify">Reliance Power, a part of the Reliance Group, is India's leading private sector power generation and coal resources company. The company has the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy.<br></p>
01-Feb-2021 Reliance Power informs about disclosures <div align="justify"><span>Reliance Power has informed that it has enclosed disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks / financial institutions.</span></div><font face="sans-serif"><span><div align="justify"><br></div></span></font><div align="justify"><font face="sans-serif"><span>The above information is a part of company's filings submitted to BSE.</span></font></div><div align="justify"><br></div>
26-Oct-2020 Reliance Power reports 2- fold jump in Q2 consolidated net profit <p align="justify">Reliance Power has reported results for second quarter ended September 30, 2020.<p align="justify">The company has reported 6- fold jump in its net profit of Rs 80.07 crore for the quarter under review as against net profit of Rs 12.81 crore for the same quarter in the previous year. Total income of the company increased by 2.59% at Rs 195.58 crore for Q2FY21 as compared Rs 190.65 crore for the corresponding quarter previous year.<p align="justify">On the consolidated basis, the company has reported 2- fold jump in its net profit attributable to owners at Rs 105.67 crore for the quarter under review as against net profit of Rs 45.06 crore for the same quarter in the previous year. Total income of the company increased by 17.30% at Rs 2626.49 crore for Q2FY21 as compared Rs 2239.10 crore for the corresponding quarter previous year.</p>
26-Oct-2020 Reliance Power surges on reporting 2-fold jump in Q2 consolidated net profit <p align="justify">Reliance Power is currently trading at Rs. 3.47, up by 0.19 points or 5.79% from its previous closing of Rs. 3.28 on the BSE.<p align="justify">The scrip opened at Rs. 3.80 and has touched a high and low of Rs. 3.80 and Rs. 3.14 respectively. So far 12583962 shares were traded on the counter.<p align="justify">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5.23 on 03-Jul-2020 and a 52 week low of Rs. 1.00 on 26-Mar-2020.<p align="justify">Last one week high and low of the scrip stood at Rs. 3.80 and Rs. 2.42 respectively. The current market cap of the company is Rs. 978.99 crore.<p align="justify">The promoters holding in the company stood at 15.90%, while Institutions and Non-Institutions held 8.19% and 75.90% respectively.<p align="justify">Reliance Power has reported 6-fold jump in its net profit of Rs 80.07 crore for the quarter ended September 30, 2020 as against net profit of Rs 12.81 crore for the same quarter in the previous year. Total income of the company increased by 2.59% at Rs 195.58 crore for Q2FY21 as compared Rs 190.65 crore for the corresponding quarter previous year.<p align="justify">On the consolidated basis, the company has reported 2-fold jump in its net profit attributable to owners at Rs 105.67 crore for the quarter ended September 30, 2020 as against net profit of Rs 45.06 crore for the same quarter in the previous year. Total income of the company increased by 17.30% at Rs 2626.49 crore for Q2FY21 as compared Rs 2239.10 crore for the corresponding quarter previous year.</p>
01-Sep-2020 Reliance Power defaults on payment of principal, interest <P align=justify>Reliance Power has defaulted on payment of principal and interest totaling to Rs 300.22 crore. The default was on loans taken from Axis Bank, Yes Bank, IDBI Bank, and Lakshmi Vilas Bank.<P align=justify>Reliance Power, a part of the Reliance Group, is India's leading private sector power generation and coal resources company. The company has the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy.<BR>