Reliance Power announced that ICRA has reaffirmed, removed from Issuer Not-Cooperating category and withdrawn the rating in respect of Long-term fund-based - Term loans and Long-term fund based - Cash credit as there is no amount outstanding against the rated instruments. Further, ICRA has also reaffirmed the rating [ICRA] D and removed from Issuer Not-Cooperating category in respect of the Company's Non-convertible debenture and Long/Short-term non-fund-based limits. Powered by Capital Market - Live

Reliance Group companies, Reliance Power  and Reliance Infrastructure, have reconstituted their boards by elevating four senior officials of the companies to the board of directors. The newly appointed board members of Reliance Power include Ashok Pal, CFO, Reliance Power;  Sachin Mohapatra, Whole Time Director and CEO, Sasan Power; and  Harmanjit Singh Nagi, President-Corporate Development at Reliance Power.  Mohapatra and  Nagi have been appointed as Additional Directors, while Pal has been promoted to Executive Director.  Partha Sarma, President- Group Corporate Development has been appointed Additional Director of Reliance Infrastructure. The aim of the board restructuring exercise is to ensure it is led by a dynamic and young team, in alignment with the Reliance Group's Vision 2030 Growth Strategy. Ashok Pal, a Chartered Accountant with more than 25 years of experience in finance, taxation, and compliance, has been with the company for over seven years, making significant contributions as Chief Financial Officer. Sachin Mohapatra has led 4000 MW Sasan Power UMPP, one of the world's largest integrated coal-based power plants with a captive coal mine, ensuring its status as one of India's top sustainable operating plants. He has been with the Group for eight years. Harmanjit Singh Nagi brings over three decades of expertise across the Power, Energy, and Environmental sectors, with a focus on strategic leadership, project development, and business growth. As President of Corporate Development at Reliance Power, he spearheads green energy initiatives, including large-scale solar and hydroelectric projects. Partha Sarma has been associated with the Reliance Group for more than 6 years handling Group Corporate Development. He is a global business leader, having successfully set up and significantly grown businesses in Financial Services, Defence and Infrastructure. Powered by Capital Market - Live

Reliance Power will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

Reliance Power has postponed the meeting of the Board of Directors which was scheduled to be held on 26 October 2024. The meeting will now be held on a later date.Powered by Capital Market - Live

Reliance Power will hold a meeting of the Board of Directors of the Company on 26 October 2024.Powered by Capital Market - Live

Vakrangee Ltd, Cummins India Ltd, CreditAccess Grameen Ltd and Star Health & Allied Insurance Company Ltd are among the other losers in the BSE's 'A' group today, 11 October 2024.Reliance Power Ltd tumbled 4.99% to Rs 44.15 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 33.32 lakh shares were traded on the counter so far as against the average daily volumes of 155.87 lakh shares in the past one month.Vakrangee Ltd lost 4.99% to Rs 30.46. The stock was the second biggest loser in 'A' group.On the BSE, 44.31 lakh shares were traded on the counter so far as against the average daily volumes of 69.96 lakh shares in the past one month.Cummins India Ltd crashed 4.54% to Rs 3609.85. The stock was the third biggest loser in 'A' group.On the BSE, 28205 shares were traded on the counter so far as against the average daily volumes of 8689 shares in the past one month.CreditAccess Grameen Ltd plummeted 3.99% to Rs 1074.75. The stock was the fourth biggest loser in 'A' group.On the BSE, 58516 shares were traded on the counter so far as against the average daily volumes of 21403 shares in the past one month.Star Health & Allied Insurance Company Ltd fell 3.86% to Rs 545.3. The stock was the fifth biggest loser in 'A' group.On the BSE, 65782 shares were traded on the counter so far as against the average daily volumes of 26088 shares in the past one month.Powered by Capital Market - Live

Reliance Power will hold a meeting of the Board of Directors of the Company on 3 October 2024.Powered by Capital Market - Live

Shares of the Reliance Power jumped 56.78% in twelve trading sessions from its recent closing low of Rs 29.57 on 11 September 2024. The stock hit a 52-week high of Rs 46.36 today. The counter has zoomed 198.52 % from its 52-week low of Rs 15.53 hit on 26 October 2023. On the BSE, 101.46 lakh shares were traded in the counter so far compared with average daily volumes of 161.05 lakh shares in the past two weeks. The stock had outperformed the market over the past one month, rising 49.07% as against Sensex's 4.75 % increase. The scrip had outperformed the market in past three months, jumping 60.86% as against 8.01% rise in Sensex. The counter had also outperformed the market in past one year, surging 141.58 % as against Sensex's 29.46% soared. On the technical front, the stock's daily RSI (relative strength index) stood at 85.235. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. On the daily chart, the stock was trading above its 50 day, 100-day and 200-day simple moving average (SMA) placed at 32.45, 29.90 and 28.26, respectively. These levels will act as crucial support zones in near term. Reliance Power, a part of the Reliance Anil Dhirubhai Ambani Group, is India's leading private sector power generation and coal Resources Company. The projects under development include coal, gas, hydro, wind and solar-based energy projects. The company's operating portfolio includes ultra mega power projects (UMPPs) of 5945 MWs. The company is primarily engaged in the business of generation of power. The company reported consolidated net loss of Rs 1,136.75 crore in Q3 FY24 as compared with net loss of Rs 291.54 crore posted in Q3 FY23. While net sales stood at Rs 1,946.58 crore in Q3 FY24, up 3.2% year on year. Powered by Capital Market - Live

Reliance Power will hold a meeting of the Board of Directors of the Company on 23 September 2024.Powered by Capital Market - Live

Reliance Power Ltd gained 5% today to trade at Rs 32.98. The BSE Utilities index is up 0.43% to quote at 6549.37. The index is up 2.09 % over last one month. Among the other constituents of the index, Torrent Power Ltd increased 3.48% and Reliance Infrastructure Ltd added 2.57% on the day. The BSE Utilities index went up 75.96 % over last one year compared to the 22.77% surge in benchmark SENSEX. Reliance Power Ltd has added 0.52% over last one month compared to 2.09% gain in BSE Utilities index and 3.18% rise in the SENSEX. On the BSE, 15.46 lakh shares were traded in the counter so far compared with average daily volumes of 95.56 lakh shares in the past one month. The stock hit a record high of Rs 38.07 on 23 Aug 2024. The stock hit a 52-week low of Rs 15.53 on 26 Oct 2023.Powered by Capital Market - Live