Reliance Power Ltd (RPOWER)

Reliance Power Faces Penalty by SEBI; Tata Power and NTPC May Benefit from Increased Demand - 20 Jun, 2024

SEBI has imposed a fine of Rs 1 crore each on Reliance Infrastructure, Reliance Power, and Incredible Realcon for not submitting no default statements to credit rating agencies. Meanwhile, Tata Power, NTPC, and Reliance Power may benefit from increased demand in Delhi's power distribution.

Reliance Power Shares Surge After Clearing All Dues - 13 Jun, 2024

Reliance Power's shares surged 5% after it cleared all its dues and became debt-free. The stock has risen over 30% in the last five trading sessions and is now trading close to its 52-week high value. Anil Ambani-owned company Reliance Power shares have surged more than 2800% in the last four years.

Reliance Power Stock Surges After Becoming Debt-Free - 12 Jun, 2024

Reliance Power's stock price has surged around 22% as the company became entirely debt-free. However, CFM Asset Reconstruction filed an application against the company for an alleged claim of Rs 3,901.59 crore. Market observers are optimistic about the power theme in Modi 3.0 and believe that companies working on Capex, transmission networks, EVs, and alternate power sources like solar, wind, etc., will benefit.

Reliance Power Achieves Debt-Free Status; Shares Surge - 11 Jun, 2024

Reliance Power has become debt-free after repaying Rs 800 crore debt to financial institutions. The company's shares have surged by 10%, nearing their 52-week high levels, and are expected to reach Rs 36 per share mark soon.

Reliance Power Becomes Debt-Free; Reports Q4FY24 Revenue of Rs 1,996.65 Crore - 10 Jun, 2024

Reliance Power clears all outstanding debts, becoming a debt-free entity on a standalone basis. The company reported Q4FY24 revenue of Rs 1,996.65 crore and decreased net loss. Foreign Institutional Investors increased their stake in the March quarter.

Reliance Power's March 2024 Net Sales Up by 15.42% - 28 May, 2024

Reliance Power reported a consolidated net sales of Rs 1,996.65 crore in March 2024, up by 15.42% YoY. However, the company recorded a quarterly net loss of Rs 397.56 crore in March 2024. The stock has given returns of 21.05% over the last six months and 90.23% over the last twelve months.

Reliance Power Reports Losses Due to Increased Fuel Costs - 25 May, 2024

Reliance Power reported a consolidated loss of Rs 397.66 crore for the March quarter due to increased fuel costs. However, total income rose to Rs 2,193.85 crore. The company's losses widened significantly to Rs 2,068.38 crore for the full fiscal year. Reliance Power's board approved issuance of foreign currency convertible bonds and securities through qualified institutional placement.