The company made the announcement during trading hours today, 2 January 2013.
Meanwhile, the BSE Sensex was up 139.65 points or 0.71% at 19,720.46.
On BSE, 8.61 lakh shares were traded in the counter as against average daily volume of 15.41 lakh shares in the past one quarter.
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The stock hit a high of Rs 95.80 and a low of Rs 94.80 so far during the day. The stock had hit a 52-week high of Rs 139.40 on 6 March 2012. The stock had hit a 52-week low of Rs 69.40 on 2 January 2012.
The stock had underperformed the market over the past one month till 1 January 2013, sliding 2.42% compared with the Sensex's 1.25% rise. The scrip had also underperformed the market in past one quarter, declining 3.91% as against Sensex's 4.02% gain.
The large-cap company has equity capital of Rs 2805.13 crore. Face value per share is 10.
Reliance Power (RPower) said the second of the two 300 megawatts units of its Butibori Thermal Power Project near Nagpur in Maharashtra was synchronised in the early hours today, 2 January 2013, and simultaneously coal firing of the unit has been achieved. Power generated from the plant will be distributed to industrial and distribution utilities and will help reduce the demand-supply gap in Maharashtra, Reliance Power said in a statement.
The first 300 MW unit achieved full load in August 2012. With the commissioning of the second unit, the full 600 MW capacity will be available from the Butibori plant, Reliance Power said in a statement.
Commenting on the development, J.P. Chalasani, Chief Executive Officer, Reliance Power said, "With this our operating capacity goes up to 1,840 MW. We are continuing to create benchmarks in building and operating large-scale power projects. Reliance Power's flagship project in Sasan is also progressing at a rapid pace and we expect to commission the first 660 MW unit of the Ultra Mega Power Project in the near future. We are well on track to emerge as the largest integrated private sector power and resource company".
Reliance Power's consolidated net profit rose 2% to Rs 240.22 crore on 121.4% growth in net sales to Rs 1079.21 crore in Q2 September 2012 over Q2 September 2011.
Reliance Power, a part of Anil Dhirubhai Ambani's Reliance group, is India's leading private sector power generation company. The company has the largest portfolio of power projects in the private sector based on coal, gas, hydro and renewable energy, with an operating portfolio of 1,840 MW. The company also has the largest captive coal reserves in the private sector, estimated at over two billion tonnes. Besides, the company is developing three coal mines in Indonesia and is also developing coal bed methane based generation capacity.
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