Page 4 - Reliance Power

RPower posts Rs 555 cr loss in March quarter, total expense up 53%

Reliance Power on Friday reported a consolidated loss of Rs 555.18 crore for the March quarter, mainly due to higher expenses. The company had clocked a consolidated net profit of Rs 72.56 crore in the quarter ended March 31, 2021, as per a BSE filing. Total income in the quarter rose to Rs 1,878.40 crore from Rs 1,691.19 crore in same period a year ago. However, total expenses also rose to Rs 2,525.02 crore from Rs 1,647.69 crore in the year-ago quarter. For the full fiscal 2021-22, the company posted a consolidated net loss of Rs 605.91 crore. It had logged a consolidated net profit of Rs 228.63 crore in 2020-21. Total income in the fiscal came down to Rs 7,686.73 crore from Rs 8,388.60 crore in 2020-21. In a statement, the company said it has reduced its debt by Rs 2,537 crore in the fiscal. The debt-to-equity ratio has improved further from 2.08:1 in FY21 to 1.84:1 in FY22. Reliance Power Limited, part of the Reliance Group, is a leading private sector power generation and c

Anil Ambani resigns as director of RPower, RInfra

In a separate filing to the stock exchange, Reliance Infrastructure said that Anil Ambani has stepped down from its board "in compliance of SEBI interim order"

Piramal Capital drags Anil Ambani companies to NCLT over unpaid dues

Reliance Natural Resources had defaulted on a loan of Rs 526.1 cr from DHFL before it was taken over by Piramal Capital last September for Rs 34,250 cr

Reliance Power reports Rs 13.93 crore loss in December quarter

Total income dipped to Rs 1,858.93 crore in the quarter, from Rs 2,006.66 crore in the same period a year ago

Reliance Power defaults on interest payment to IDBI and DBS banks

Total outstanding borrowings from banks/financial institutions are Rs 1,194 crore

Reliance Power allots 59.50 cr equity shares, 73 cr warrants to RInfra

After approval from shareholders, through postal ballot, Reliance Power has allotted 59.50 crore equity shares and 73 crore warrants convertible to Reliance Infrastructure, a listed promoter company.

R Power gets shareholders' nod to issue shares, warrants worth Rs 1,325 cr

Reliance Power said it has received shareholders' approval to issue shares and warrants worth Rs 1,325 crore to its promoter firm Reliance Infrastructure on preferential basis

Reliance Power to raise Rs 1,325 cr from R-Infra via preferential allotment

Anil Ambani-led Reliance Power will raise Rs 1,325 crore by issuing preferential shares and warrants to its parent Reliance Infrastructure.

Reliance Power, Reliance Infra: ADAG stocks on a roll. What's driving them?

Analysts attribute sudden interest in ADAG stocks to the anticipation of the company becoming more proactive and aggressive to prune its debt obligations

Reliance Power to raise Rs 1,325 cr from RInfra via preferential allotment

Reliance Infra stake to go up to 38% from 9%; more fund raising planned

Stocks to watch: Tata Motors, Bata India, SAIL, MMTC, Reliance Power

The board of MMTC has approved the debt restructuring scheme of the state-owned company which envisages settlement of dues out of the disinvestment proceeds of the Neelachal Ispat Nigam Limited (NINL)

Reliance Power to seek board nod to raise funds via equity issuance

Move follows Reliance Infra board approval of Rs 550 cr fund-raising plan on Sunday

BSE Smallcap index hits new high; HLE Glascoat zooms 108% in a month

In past one month, the BSE Smallcap index outperformed the market by surging 9 per cent, as compared to 4.7 per cent gain in the Midcap and 0.53 per cent risen in the benchmark Sensex.

Reliance Power, JERA to launch gas-fired project in Bangladesh

Reliance Power Limited ("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") & Asian Development Bank ("ADB") and all requisite conditions for availing drawdown under the loan agreements have been satisfied.

Reliance Power third quarter profit increases 6% to Rs 52 crore

The profit rise was mainly helped by higher revenues.

Reliance Power net profit jumps over two-folds to Rs 105.67 in Sept quarter

Reliance Power on Thursday posted an over two-fold rise in its consolidated net profit at Rs 105.67 crore in the September 2020 quarter, mainly due to higher revenues

RPower, JERA ink loan agreement with banks for Bangladesh's power plant

Reliance Power and JERA, through their project company, are developing a new 745 MW natural gas combined-cycle power project in Meghnaghat in Bangladesh

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