Reliance Power

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Reliance Power - Total results - 99
NTPC, Tata Power among others asked to reduce coal imports; govt suggests sourcing domestic fuel instead
Business

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
India

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
Business

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
Business

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

Disagree with ICRA's rating revision, it has not 'appropriately factored in facts': Reliance Power
Business

Disagree with ICRA's rating revision, it has not 'appropriately factored in facts': Reliance Power

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'
Business

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
Business

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

Reliance Power shares plunge nearly 24% post Q4 results; other group stocks tumble too
Business

Reliance Power shares plunge nearly 24% post Q4 results; other group stocks tumble too

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
Business

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
Business

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
Business

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
Business

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
Business

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 asks Sebi to immediately ban Edelweiss Group from capital markets
Business

Anil Ambani-led Reliance Power asks Sebi to immediately ban Edelweiss Group from capital markets

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
Business

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

Anil Ambani says Reliance Power looking at stressed thermal coal-based assets to boost growth
Business

Anil Ambani says Reliance Power looking at stressed thermal coal-based assets to boost growth

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 unit wins Rs 390 crore international arbitration award; shares up 0.74%
Business

Reliance Power unit wins Rs 390 crore international arbitration award; shares up 0.74%

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
Business

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

Anil Ambani led RCom zooms nearly 36%; other Reliance group stocks also shine
Business

Anil Ambani led RCom zooms nearly 36%; other Reliance group stocks also shine

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

Allow use of captive mines as collateral by UMPPs: Govt panel
Business

Allow use of captive mines as collateral by UMPPs: Govt panel

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