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Reliance Power starts third unit at Rosa

December 29, 2011 · Filed Under Reliance Power · Comment 

Reliance Power has commissioned another 300-mw unit of its power project at Rosa in Uttar Pradesh, taking the total capacity to 900 mw, the company said on Wednesday.

Announcing the commissioning on the 80th birth anniversary of Dhirubhai Ambani, Reliance Power Chief Executive Officer J P Chalsani said the plant was operating at 85% capacity and Chinese equipment, sourced from the Shanghai Electric Company, was functioning well.
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Reliance Power to Buy First Solar Panels for U.S.-Backed Project

September 6, 2011 · Filed Under Reliance Power · Comment 

Indian billionaire Anil Ambani- controlled Reliance Power Ltd. (RPWR) will buy solar panels from First Solar Inc. (FSLR), the world’s second-biggest maker of the equipment by sales, for a 100-megawatt project backed by U.S. funding.
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Reliance Power gets High Court okay to merge RNRL with self

October 16, 2010 · Filed Under Reliance Power · Comment 

Reliance Power on Friday said that the Bombay High Court has approved the merger of Reliance Natural Resources (RNRL) and other group companies with itself.

The court approval follows shareholders’ consent to the merger of Reliance Futura and its arms, and group company RNRL with Reliance Power. Reliance Futura’s subsidiaries being merged with Reliance Power are — Atos Trading, Atos Mercantile, Coastal Andhra Power Infrastructure and Reliance Prima.

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RNRL and RPower Share Swap Ratio - 1:4?

July 2, 2010 · Filed Under Reliance Natural Res, Reliance Power · Comment 

Strength in Unity. RNRL Merged R-Power and RNRL good for ADAG. Share Swap Ratio is expected to be 1 R-Power : 4 RNRL. That is for every 4 share of RNRL shareholder are expected to get one share of Reliance Power.


Reliance Power RNRL Merger
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ADAG to merge RNRL and Reliance Power

July 2, 2010 · Filed Under Reliance Natural Res, Reliance Power · Comment 

RNRL Merger with R-Power, RNRL Merger with Reliance Power, Reliance Natural Resources Merger with Reliance Power, Anil Ambani RNRL Merger with Reliance Power, Share Swap Ratio RNRL Merger with Reliance Power. Reliance Merger News.


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RNRL to be merged with Reliance Power

July 2, 2010 · Filed Under Reliance Natural Res, Reliance Power · Comment 

The Anil Dhirubhai Ambani Group (ADAG) has decided to merge Reliance Natural Resources Ltd (RNRL), its gas trading subsidiary, with Reliance Power.

The boards of both the companies will meet on Sunday to consider the proposal. Though R-Power and RNRL spokespersons declined to share any details, the two companies informed of the development to the stock exchanges after close of trading.

Last week, Mukesh Ambani-promoted Reliance Industries (RIL) and RNRL had signed a revised gas sale master agreement (GSMA) pursuant to the Supreme Court’s May 7 judgment, where it had turned down RNRL’s plea for cheap gas from RIL based on a family agreement.
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Reliance Power moves SC over Dadri land project

January 3, 2010 · Filed Under Reliance Power · Comment 

Anil Ambani’s Reliance Power Ltd (RPL) has moved to the Supreme Court challenging the Allahabad High Court’s verdict that had in effect cancelled the acquisition of 2,500 acres of agricultural land for the group’s Rs 25,000-crore gas-based Dadri power plant. The matter is coming up for hearing this week.

RPL (formerly known as Reliance Energy Generation Ltd) in its SLP said that the high court had erred in exercising its discretionary jurisdiction in the petitions filed by the farmers after a delay of four years and the same had put an industrial project of national importance in jeopardy.
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Reliance Rosa Power Plant Starts Generating Power

December 30, 2009 · Filed Under Reliance Power · 7 Comments 

Anil Ambani-controlled Reliance Power commenced generating power at its Rs 6,000-crore Rosa Power Project in the northern state of Uttar Pradesh on Monday, reports suggest.

The coal-based 1,200 Mw project comprises two stages of 600 Mw each. The first stage has been completed nearly four months ahead of the schedule.

When the Rosa Project reaches full steam, it would account for almost 30 per cent of the total thermal power generation in UP, Reliance Power CEO J P Chalasani reportedly said.
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Reliance Power Rosa plant project takes off today

December 28, 2009 · Filed Under Reliance Power · 2 Comments 

One of the four 300 MW-capacity units of a thermal power plant developed by Reliance Power here was commissioned here Monday morning.

The second 300 MW-unit will be commissioned by the end of January, and will be followed by the other two 300 MW-units by March 2012. The 1,200-MW plant at Roja, is located about 175 km from Uttar Pradesh capital Lucknow.

In fact, March 2012 would mark the beginning of a new era in the history of Reliance Power as we hope to simultaneously commission two other power projects — a 600-MW plant in Nagpur and a 1,300-MW plant at Sasan in Madhya Pradesh, said Reliance Power chief executive officer J.P. Chalasani.
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Reliance Power to announce Q2 results on Oct 27, 2009

October 16, 2009 · Filed Under Reliance Power · 2 Comments 

Reliance Power Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 27, 2009, inter alia, to consider and approve the unaudited financial results of the Company for the quarter ended September 30, 2009 (Q2).

The stock closed the day at Rs.163.25, up by Rs.0.60 or 0.37%. The stock hit an intraday high of Rs.165.15 and low of Rs.162.50.
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