RPower to sell Samalkot project equipment to cut debt - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Mumbai (Maharashtra) [India], June 14 (ANI): Anil Ambani-led Reliance Power will raise Rs 1,325 crore by issuing preferential shares and warrants to its parent Reliance Infrastructure.
Reliance Power to raise Rs 1,325 cr from R-Infra via preferential allotment business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Reliance Power posts Rs 73 crore profit in March quarter ANI | Updated: May 08, 2021 14:21 IST
Mumbai (Maharashtra) [India], May 8 (ANI): Anil Ambani-led Reliance Power has reported a consolidated net profit of Rs 72.56 crore for the January to March quarter due to lower expenses as compared to a net loss of Rs 4,206 crore in the same period of previous fiscal year.
Total income in Q4 FY21 totalled Rs 1,691 crore as against Rs 1,902 crore in the same period. At the same time, total expenses including fuel and finance costs came down to Rs 1,648 crore from Rs 2,334 crore in Q4 FY20.
For fiscal 2020-21, the company s consolidated net profit was Rs 229 crore compared to a loss of Rs 4,077 crore in 2019-20. Total income was Rs 8,389 crore in 2020-21 as against Rs 8,202 crore in the previous fiscal.
Reliance Power forms JV with Jera for 745 MW project in Bangladesh
March 04, 2021
To repay ₹3,000-crore debt by this month-end
Anil Ambani-led Reliance Power has formed a joint venture with Japan-headquartered Jera Co. Inc to develop a new gas-fired power generation project in Bangladesh.
The company has achieved financial closure for the project with a group of lenders including Japan Bank for International Cooperation and Asian Development Bank and all requisite conditions for availing drawdown under the loan agreements have been achieved, said Reliance Power in a statement on Thursday.
The project is to build, own, and operate a 745-MW (net output: 718 MW) natural gas combined-cycle power project in Meghnaghat near Dhaka.