This Green Energy Stock Under ₹ 50 VS TATA POWER / ADANI POWER / TORRENT POWER

COMPANY	MARKET CAP ₹ Cr.	P/E	CMP ₹ INR
RELIANCE POWER	17285	-8.89	43.03
ADANI POWER	230,394	18.11	597.35
TORRENT POWER	87,734	38.34	1825.45
JSW ENERGY	119,311	59.14	682.65
TATA POWER	142,336	38.01	445.45

Reliance Power Results in Previous Quarter

Quarter	Sales ₹ Cr.	Profit ₹ Cr.
Jun 2023	1921	-296
Sep 2023	2052	-237
Dec 2023	1946	-1136
Mar 2024	1996	-397
Jun 2024	1992	-97

Reliance Power has maintained stable sales, and the company is steadily reducing its debt quarter-on-quarter. The quarterly results, as shown in the table, indicate ongoing progress, suggesting that the company is positioned to achieve improved performance in the coming quarters. Reliance Power became debt free on standalone basis and clears pending dues 

Reliance Business

Reliance Power Limited is a part of the Reliance Group, one of India’s largest business houses. The group operates across multiple sectors, including telecommunications, financial services, media and entertainment, infrastructure and energy. The energy sector companies include Reliance Power and Reliance Infrastructure.

Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally. The Company on its own and through its subsidiaries has a large portfolio of power generation capacity, both in operation as well as capacity under development. Reliance Power has also registered projects with the Clean Development Mechanism executive board for issuance of Certified Emission Reduction (CER) certificates.

The Company has a diverse portfolio and is expert in delivery the power project across all these sectors :

• Coal based Projects
• Gas based Projects
• Wind Power Projects
• Hydroelectricity Projects
•  Initiatives in Renewable Energy
• Carbon Credits

Reliance Power Fund Raiser OBJECTIVE

According to the company’s exchange filing September 27, 2024, The Anil Ambani-led Reliance Power Ltd. is considering to raise funds .The company may raise funds this time through multiple possible means which can include an equity and preferential share sale, foreign currency convertible bonds, or even from large institutional investors through institutional placement

• Reliance Power Board approves Preferential Issue of Equity shares of INR 1525 crore

• Preferential Issue to fast track the company’s growth in the interest of its over 40 lakhs valued shareholders

• Preferential issue to enhance company’s net worth from over INR 11,155 crore to over INR 12,680 crore – with ZERO bank debt

• Reliance Infrastructure Limited, the Promoter of Reliance Power to enhance its equity stake by over INR 600 crore.

• Enhanced capital will support the company’s participation In the renewable energy sector”
  Company Growth and Future Plan

Reliance Projects

UNDER DEVELOPMENT PROJECTS 

• TATO II- ARUNACHAL PRADESH 700 MW
• SIYOM-ARUNACHAL PRADESH 1000 MW
• URTHING SOBLA-UTTARAKHAND 400 MW
• KALAI II ARUNACHAL PRADESH 1200 MW
• AMULIN- ARUNACHAL PRADESH 420 MW
• EMINI- ARUNACHAL PRADESH 500 MW
• SHANGLING -HIMACHAL PRADESH 44 MW
• TELLING -HIMACHAL PRADESH 94 MW
• GAS PROJECTS- SAMALKOT POWER PROJECTS -ANDHRA PRADESH 2400 MW

Reliance Power has executed Project Agreements with Bangladesh Power Development Board (BPDB) for Phase – I of 750 MW LNG based combined cycle power project at Meghnaghat, near Dhaka in Bangladesh which include Power Purchase Agreement (PPA) and Implementation Agreement (IA). An MoU has also been signed with PetroBangla to set up 500 mmscfd LNG terminal at Kutubdia Island near Chittagong in Bangladesh. The project will give a tremendous boost to the economic and industrial growth of Bangladesh and help to enhance the energy security with clean, green and reliable LNG based power.

• Reliance Bangladesh LNG & Power Ltd.
  Reliance Bangladesh LNG Terminal Ltd 3000 MW ,LNG 

OPERATIONAL PROJECTS

• VASHMET WIND- MAHARASHTRA-45 MW

The 45 MW Wind power project at Vashpet was the first time wind power project in the history of Indian wind power industry to use a 2.5 MW capacity turbine which was successfully put into operation in Sangli

RELIANCE SETTLEMENT OF DEBT

• Reliance Power has notified the exchanges that the National Company Law Tribunal (NCLT) in Mumbai has approved the withdrawal of an application filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, by CFM Asset Reconstruction Private Limited against the company.
• Reliance Power, led by Anil Ambani, announced that its subsidiary, Rosa Power, has prepaid ₹850 crore of its debt to Singapore-based lender Varde Partners. This payment aligns with Reliance Power’s milestone achievement of becoming a zero-debt company

RELIANCE FUTURE GROWTH

The company remains fully committed to India’s future growth and global decarbonization efforts, actively pursuing greener energy projects. 

Reliance Power has secured a contract from the Solar Energy Corporation of India (SECI) to develop a 500 MW/1000 MWh Battery Green Energy Storage System (BESS), marking a major milestone in the company’s entry into the renewable energy and energy storage sectors.

RELIANCE DRAWBACKS

Anil Ambani challenged SEBI’s order dated 22 August, which barred him from participating in the securities market for five years and imposed a ₹25 crore penalty for allegedly diverting funds from Reliance Home Finance Ltd. (RHFL) by issuing loans to entities connected to the promoters.

RELIANCE STOCK TRADING ON EXCHANGE

Green Energy stock under ₹ 50

CMP ₹ 43

52 WEEKS LOW / HIGH   ₹  16.85 /   53.64

LIFETIME HIGH ₹ 499.74 , DATE 11 FEB 2008

LIFETIME LOW ₹ 1 , DATE 23 Mar 2020

SUZLON ENERY

 

 

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