Reliance Power on Tuesday said it has signed a partnership agreement with Japan’s energy major, JERA, for jointly setting up 750 megawatt (MW) gas-based power project at Meghnaghat in Bangladesh.
Sasan Ultra Mega Power Project has not seen any delay in payments so far in the past and Reliance Power does not see any reason for that to happen in future, said CEO K Raja Gopal. Gopal said most of our revenue comes from state distribution company (Discoms).
The Bombay High Court has rapped the Anil Ambani group company Reliance Power and its management for attempting to “mislead” the court by a petition that’s “smacked of deceit.”
Anil Ambani-led Reliance Power has asked the Sebi to immediately ban Edelweiss Group from the capital market, alleging “illegal and market disruptive activities” to cause a steep plunge in the company’s share price.
Market regulator Sebi is looking into allegations and counter-allegations related to the sale of pledged shares of Anil Ambani-led Reliance Group’s three listed firms by two lenders, senior officials said Monday.
Reliance Communications announced on 03 February 2019 that its management will propose a similar Debt Resolution Plan in the National Company Law Tribunal (NCLT) process, as was earlier being pursued outside NCLT.
Reliance Power’s Wholly Owned Subsidiary — Sasan Power has won an arbitration award against North American Coal Corporation (NACC). This is a major milestone in this arbitration with the award received on October 18
The suburban Mumbairesidents may have to pay a little extra for electricity if state power regulator Maharashtra Electricity Regulatory Commission (MERC) accepts Reliance Power’s (R-Power) application demanding tariff hike.
Reliance Power Saturday said it is not agree with the CARE Ratings of ‘BBB+’ given to its subsidiary Sasan Power Limited.
Reliance Power (RPower) plans to take an inorganic path for growing its business. The company will bid for stressed thermal power projects, take up operation and maintenance (O&M) of troubled power plants and also provide mine development services.