NTPC, Tata Power among others asked to reduce coal imports; govt suggests sourcing domestic fuel instead
Thermal power plants have been exhorted to import coal for blending purposes, if and only if, the requisite quantity and quality of domestic coal is not made available, the official said.
Six missing after ash leak at Reliance Power plant in Madhya Pradesh's Singrauli; cause of breach unknown, says company
Six people were missing after a fly ash dyke gave way at a coal-fired power plant in the Singrauli district of Madhya Pradesh state on Friday, a local official told Reuters.
Yes Bank invokes pledged shares to acquire 30% stake in Reliance Power subsidiary's Uttar Pradesh unit
Yes Bank on Tuesday said it has acquired around 30 percent stake in a wholly-owned subsidiary of Reliance Power pursuant to invocation of pledged shares
In a first, RCom AGM to be chaired by resolution professional today; firms in diversified group to hold their AGMs
RCom itself sought bankruptcy early February after its efforts to sell spectrum to Reliance Jio failed due to regulatory delays
ICRA cited deterioration in the company's financial position coupled with its stretched liquidity profile for the rating revision
Anil Ambani-led Reliance Capital calls PWC's observations about its accounts 'completely baseless and unjustified'
Reliance Capital and Reliance Home Finance said that Price Waterhouse & Co Chartered Accountants (PWC) resigned as auditor of both the companies
Anil Ambani claims to have repaid Rs 25,000 cr in past 14 months, says committed to meet debt obligations
Seeking to allay investor concerns after stocks of his group firms took a beating on the bourses, Reliance Group Chairman Anil Ambani on Tuesday said his group is committed to meet all payment obligations in a timely manner and has already serviced debt worth Rs 35,000 crore in last 14 months
Shares of Reliance Power tumbled nearly 24 percent on Monday after the company reported a loss of Rs 3,558.51 crore for the quarter ended 31 March
Bombay High Court asks Reliance Power, Edelweiss Group to try resolve dispute over pledged shares amicably
The Bombay High Court on Tuesday suggested Reliance Power and Edelweiss Group to resolve their dispute over sale of pledged shares amicably while posting the matter for hearing after two weeks
Reliance Group stocks under pressure; slip up to 4.3% on Supreme Court order against Anil Ambani in Ericsson case
Shares of Reliance Group companies on Wednesday closed 4.3 percent lower after the Supreme Court held chairman Anil Ambani and two other senior officials guilty of contempt of court.
Anil Ambani-led Reliance Group stocks under pressure; tank up to 10.3% on Supreme Court contempt ruling
Shares of Reliance Group companies tumbled up to 10.3 percent on Wednesday after the Supreme Court held RCom chairman Anil Ambani guilty of contempt of court for wilfully violating its order and not paying Rs 550 crore dues to telecom equipment maker Ericsson
RPower promoters aim Rs 2,500 cr from stake sale, plans to offload 18-19% shares; J P Morgan appointed as banker
Part of the diversified Anil Ambani group, Reliance Power has appointed J P Morgan as the banker for the proposed stake sale, the sources said.
Anil Ambani-led Reliance Group reaches standstill pact with lenders, no sale of pledged shares till September
Reliance Group will pay the principal and interest amounts to the lenders as per the scheduled due dates
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
Anil Ambani-led Reliance Group says illegal action by L&T, Edelweiss entities caused fall in market capitalisation
Anil Ambani-led Reliance Group on Friday accused L&T and Edelweiss entities of 'illegal' and 'motivated' actions in invoking the pledged shares and selling them in open market causing a steep fall in its share value
Ambani said the company will continue to look at opportunities that will bring value and are growth accretive with strong, stable and conservative financial profile.
Reliance Power said the arbitration related to a contractual dispute in the context of company's coal mines in Indonesia.
Reliance Power raises again issue of exiting Nellore power project; Anil Ambani meets N Chandrababu Naidu
In January 2016, Reliance Power wrote to the Andhra Pradesh government that it wanted to terminate the project
RCom stock zoomed 35.24 percent to close at Rs 17.27 on BSE helped by fag-end buying. During the day, it rose sharply by 44.94 percent to Rs 18.51
Ultra mega power project developers can use coal mines as collateral for raising funds for their projects that aim to provide affordable power to all