Reliance Power Ltd

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• Reliance Power Ltd is in the Power Generation and Distribution sector with the Market Capitalization of worth Rs. 3,740.14 crores, it is incorporated in the year 1995. It has consolidated sales of Rs. 7562.27 crores in June 2021. The company is also listed on the Bombay Stock Exchange (BSE) under the number 532939 and the National Stock Exchange (NSE) under the symbol RPOWER.

  Reliance Power Limited, formerly known as Reliance Energy Generation Limited, was incorporated on 17th January '1995 under the name of Bawana Power Private Ltd and has changed its name on multiple occasions until July’2007 when it was finally renamed Reliance Power Ltd.

  The company has a presence in four out of nine significant directions: western India, northern India, northeastern and southern India. In 2010, Reliance Power entered into a contract with Shanghai Electric Group Company worth USD 8.3 billion to purchase 36 coal-fired power generation units, spare parts, and related services for 10 years, making it the largest contract entered between an Indian private company and a government-owned Chinese firm. The promoters of the company currently hold 24.98% of the stake in the company, out of which 1.22% is pledged. In comparison, the Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) hold 1.29% and 3.38% of the stake. Others own the balance 70.35% (70.23% by retail investors and 0.12% in Mutual Funds).

  In June 2021, quarterly net sales were Rs. 13.89 crores, which has increased by approximately 9.37% from Rs. 12.7 crores for the April-June 2020 quarter. The quarterly net loss in June 2021 was Rs. 78.14 crores, which has decreased sharply by 173.03% from a net profit of Rs. 106.99 crores in June 2020. In June 2021, operating profit was reported at Rs. 44.92 crores, which is also down by approximately 79.74% from a net profit of Rs. 221.7 crores for the quarter ending in June 2020. From Rs. 0.38 in June 2020, the EPS of Reliance Power has reduced to (Rs. 0.28) in June 2021. RPOWER’s stock closed at Rs. 11 on 16th August’2021 (NSE) and has returned 238.46% in the last six months and 189.47% in the previous year.