Reliance Power is currently trading at upper limit of Rs. 32.98, up by 1.57 points or 5.00% from its previous closing of Rs. 31.41 on the BSE.
The scrip opened at Rs. 32.98 and has touched a high and low of Rs. 32.98 and Rs. 32.98 respectively. So far 4589422 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 38.07 on 23-Aug-2024 and a 52 week low of Rs. 15.53 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 32.98 and Rs. 29.25 respectively. The current market cap of the company is Rs. 13247.97 crore.
The promoters holding in the company stood at 23.24%, while Institutions and Non-Institutions held 15.77% and 60.98% respectively.
Reliance Power has secured a battery storage contract of 500 MW through the e-reverse auction (eRA) conducted by the Solar Energy Corporation of India (SECI). The auction, held on September 11, 2024, is part of SECI's initiative to enhance energy storage capabilities across the country. The contract involves the installation of a total of 1,000 MW of standalone BESS units, awarded on a build-own-operate (BOO) model for ‘On Demand’ usage under a tariff-based competitive bidding process.
The company has secured 500 MW MWh of this capacity, marking a significant entry into the renewable energy and storage sector. The competitive bidding saw Reliance Power submitting a tariff bid of Rs 3.81999 lakh/MW/month. This new tariff benchmark represents one of the lowest rates for BESS tenders at the 400 KV level in India to date.
The delivery point for the project shall be 400 kV Fatehgarh (ATL) PS, Rajasthan. The scheduled commissioning date for the full capacity will be 24 months from the effective date of the BESPA (Battery Energy Storage Purchase Agreement).
Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally.
| Company Name | CMP |
|---|---|
| NTPC | 356.10 |
| Tata Power | 408.45 |
| Power Grid Corp | 325.80 |
| Adani Power | 476.15 |
| Torrent Power | 1583.00 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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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