Reliance Power climbs on commencing pre-commissioning activities at Rajasthan’s plant

29 Nov 2013 Evaluate

Reliance Power is currently trading at Rs. 71.90, up by 1.70 points or 2.42% from its previous closing of Rs. 70.20 on the BSE.

The scrip opened at Rs. 70.80 and has touched a high and low of Rs. 72.00 and Rs. 70.30 respectively. So far 12,79,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 102.80 on 07-Dec-2012 and a 52 week low of Rs. 58.55 on 28-Mar-2013.

Last one week high and low of the scrip stood at Rs. 72.35 and Rs. 69.90 respectively. The current market cap of the company is Rs. 20,168.00 crore.

The promoters holding in the company stood at 74.98% while Institutions and Non-Institutions held 11.26% and 13.73% respectively.

Reliance Power has commenced pre-commissioning activities at its Concentrated Solar Power (CSP) project in Rajasthan’s Jaisalmer district. The project is the world’s largest CSP project based on CLFR technology. The 100 MW CSP plant is being built at a cost of Rs 2,100 crore, adjacent to the 40 MW solar photovoltaic project commissioned by the company last year.

Steam blowing is a critical milestone towards pre-commissioning activities of the Solar CSP Plant. The Project is all set to be commissioned during first quarter of 2014. Rajasthan Sun Technique Energy, a wholly owned subsidiary of Reliance Power, was awarded the CSP project in December 2010, based on international competitive bidding conducted by NTPC Vidyut Vyapar Nigam (a subsidiary of NTPC) under the prestigious Jawaharlal Nehru National Solar Mission of Government of India.

Reliance Power is a part of the Reliance Anil Dhirubhai Ambani Group and is established to develop, construct and operate power projects domestically and internationally

Reliance Power Share Price

35.04 0.64 (1.86%)
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