Reliance Power Ltd Share Price – NSE  /  BSE

Power Generation & Distribution, Small Cap

The company said that the 45 megawatt (MW) Wind Power Project's assets are free of the encumbrance as a consequence of the Settlement Agreement dated 5 January 2024.

Earlier in January, the company for the purpose of debt settlement had signed a settlement agreement with DBS Bank India (DBS) on 5 January 2024, in settlement of the entire obligations with respect to its borrowings.

Reliance Power, a part of the Reliance Anil Dhirubhai Ambani Group, is India's leading private sector power generation and coal Resources Company. The projects under development include coal, gas, hydro, wind and solar-based energy projects. The company's operating portfolio includes ultra mega power projects (UMPPs) of 5945 MWs. The company is primarily engaged in the business of generation of power.

The company reported consolidated net loss of Rs 1,136.75 crore in Q3 FY24 as compared with net loss of Rs 291.54 crore posted in Q3 FY23. While net sales stood at Rs 1,946.58 crore in Q3 FY24, up 3.2% year on year.

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Net Loss of Reliance Power reported to Rs 1136.75 crore in the quarter ended December 2023 as against net loss of Rs 291.54 crore during the previous quarter ended December 2022. Sales rose 3.21% to Rs 1946.58 crore in the quarter ended December 2023 as against Rs 1886.05 crore during the previous quarter ended December 2022.

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Reliance Power will hold a meeting of the Board of Directors of the Company on 3 February 2024.

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Net Loss of Reliance Power reported to Rs 237.76 crore in the quarter ended September 2023 as against net loss of Rs 340.26 crore during the previous quarter ended September 2022. Sales rose 10.11% to Rs 2052.26 crore in the quarter ended September 2023 as against Rs 1863.82 crore during the previous quarter ended September 2022.

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