Home India Reliance Power surges on recasting Rs 2,430 crore loan for Samalkot project
Reliance Power surges on recasting Rs 2,430 crore loan for Samalkot project

Reliance Power surges on recasting Rs 2,430 crore loan for Samalkot project

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Reliance Power is currently trading at Rs. 4.28, up by 0.07 points or 1.66% from its previous closing of Rs. 4.21 on the BSE.

The scrip opened at Rs. 4.21 and has touched a high and low of Rs. 4.33 and Rs. 4.21 respectively. So far 1347511 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 39.25 on 03-Sep-2018 and a 52 week low of Rs. 3.95 on 25-Jun-2019.

Last one week high and low of the scrip stood at Rs. 4.49 and Rs. 3.96 respectively. The current market cap of the company is Rs. 1197.79 crore.

The promoters holding in the company stood at 56.29%, while Institutions and Non-Institutions held 13.93% and 29.78% respectively.

Reliance Power’s Rs 2,430-crore loan for its Samalkot project has been restructured and its maturity has been extended to June 2022. The company is in advance stages of development of Bangladesh project and relocating Samalkot modules in Andhra Pradesh to Bangladesh.

Reliance Power, a part of the Reliance Group, is India’s leading private sector power generation and coal resources company. The company has the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy.

Source: udaipurkiran
Anand Gupta Editor - EQ Int'l Media Network