The OTS offer made by Reliance Power was supported by global alternate investment firm Varde Partners, said the report Anil Ambani-promoted Reliance Power Ltd on Monday proposed a one-time settlement (OTS) to the lenders of Vidarbha Industries Power of Rs 1,200 crore to settle its debt, said a report on Monday. The OTS offer of […]
Reliance Power proposes settlement of Rs 1,200 crore to Vidarbha Inds lenders – EQ Mag
Anil Ambani-promoted Reliance Power has proposed a one-time settlement (OTS) of ₹1,200 crore to the lenders of Vidarbha Industries Power to settle its debt, said two sources aware of the development. Reliance Power’s OTS offer is supported by global alternative investment firm Varde Partners, one source said. In September 2022, Reliance Power entered into an […]
Reliance Power Q2 loss widens to Rs 340 crore – EQ Mag Pro
Its total income increased to Rs 1,945.14 crore from Rs 1,886.82 crore earlier Reliance Power on Thursday reported widening of its consolidated net loss to Rs 340.26 crore in the September quarter, mainly due to higher expenses. The consolidated net loss of the company stood at Rs 133.10 crore in the quarter ended September 30, […]
Reliance Power, its subsidiary to raise debt of up to Rs 1,200 cr from Varde Partners – EQ Mag Pro
New Delhi: Reliance Power and its subsidiary have inked a pact with Varde Partners for availing debt of up to Rs 1,200 crore. In a regulatory filing, Reliance Power said the company and its subsidiary have entered into a indicative Memorandum of Understanding (MoU) with Varde Partners for availing debt of up to Rs 1,200 […]
Reliance Power reports Rs 13.93 crore loss in December quarter – EQ Mag Pro
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 on Thursday reported a loss of Rs 13.93 crore for the December quarter, mainly due to lower revenues. The company had posted a consolidated net profit of Rs 52.29 crore for the […]
Reliance Power posts Rs 49 cr loss for September quarter – EQ Mag Pro
New Delhi: Reliance Power NSE -4.82 % on Wednesday reported a consolidated net loss of Rs 49.05 crore for September quarter 2021 mainly due to lower revenues. The company logged a profit of Rs 105.67 crore in the same quarter a year ago, a BSE filing said. Total income stood at Rs 1,886.82 crore in […]
Reliance Power to raise Rs 1,325 crore from R-Infra via preferential allotment
The board also approved seeking enabling authorisations of members for issuance of foreign currency convertible bonds and securities through qualified institutions placement Mumbai (Maharashtra) : Anil Ambani-led Reliance Power will raise Rs 1,325 crore by issuing preferential shares and warrants to its parent Reliance Infrastructure. The company said its board of directors has approved preferential […]
Reliance Power Board Approves Preferential Issue of Shares, Warrants to Reliance Infra
This will reduce Reliance Power standalone debt by Rs 1 ,325 crore and along with planned debt reduction in subsidiaries, Reliance Power consolidated debt will reduce by Rs 3,200 crore in FY22.z New Delhi : The Board of Directors of Reliance Power Limited has approved preferential issue of up to 59.5 crore equity shares and […]
Reliance Power Q4 Turns to Net Profit of Rs72.56cr After Massive Rs-4206cr Loss in Mar-20 Quarter
Reliance Power Ltd reported -7.98% yoy fall in consolidated sales revenues for the Mar-21 quarter at Rs1,654.57cr. Reliance Power Ltd reported -7.98% yoy fall in consolidated sales revenues for the Mar-21 quarter at Rs1,654.57cr. In the midst of the challenges of COVID, Reliance Power managed to achieve 96.25% plant load factor (PLF) at its 3,960 […]
Reliance Power promoters plan to raise shareholding over time
Promoters of the company as of March 31, 2020 held 19.29 per cent shares. Anil Ambani’s family holds 0.08 per cent shares and Reliance Infrastructure has 12.78 per cent shares Mumbai: Reliance Power Chairman Anil Ambani on Tuesday said that promoters of the company plan to raise their shareholding in the company over time in […]