Reliance Power is currently trading at Rs 93.50, up by 2.90 points or 3.20% from its previous closing of Rs 90.60 on the BSE.
The scrip opened at Rs. 93.80 and has touched a high and low of Rs 94.00 and Rs 92.65 respectively. So far 503993 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 191.00 on 11-Nov-2010 and a 52 week low of Rs 89.60 on 09-Aug-2011.
Last one week high and low of the scrip stood at Rs 112.00 and Rs 89.60 respectively. The current market cap of the company is Rs 25414.45 crore.
The promoters holding in the company stood at 80.42% while Institutions and Non-Institutions held 6.57% and 12.99% respectively.
Reliance Power is developing a 200 MW wind power project at Vashpet in Maharashtra curtailing an investment of Rs 1,500 crore making it the largest such investment in India by any power generation company at a single location. The project will be developed under a special purpose vehicle of R-Power and can be scaled up to 400 MW.
The project is expected to be commissioned in phases and by September 2012 will reach the full capacity of 200 MW. Power generated from the project will be wheeled for distribution in Mumbai by Reliance Infrastructure. Reliance Power has entered into a long-term power purchase agreement with Reliance Infrastructure at the tariff declared by Maharashtra State Electricity Regulatory Commission (MERC), which is Rs 5.37 per unit.
Recently, Reliance Power had initiated the process of arranging funds for its 4,000 MW ultra mega power project at Tilaiya in Jharkhand. Reserve Bank of India (RBI) had given the in-principle approval for raising external commercial borrowings (ECB) of $2 billion. The financial closure is expected to be financed at a debt to equity ratio of 75:25. The power and coal mine put together are estimated to cost around Rs 24,000 crore.
| Company Name | CMP |
|---|---|
| NTPC | 357.80 |
| Tata Power | 414.85 |
| Power Grid Corp | 328.60 |
| Adani Power | 464.00 |
| Torrent Power | 1535.40 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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