Reliance Power on Tuesday reported 41 per cent jump in consolidated net profit at Rs 344.34 crore in the quarter ended 30 June, 2015 on the back to higher sales of electricity.
Adani Power and Reliance Power signed separate memorandums of understanding with state-run Bangladesh Power Development Board on Saturday, as Prime Minister Narendra Modi began a two-day state visit.
Even as Jharkhand Chief Secretary Rajiv Gauba said on Wednesday that land could not be the reason for Reliance Group's exit from the Tilaiya power project, company sources said just 17 percent of the required 2,500 acres was transferred and physical possession was also elusive.
Looks like NTPC is readying to bail out the state government and also cash in on the controversy
According to an analyst with a leading brokerage house, the move is a big positive for the company
The prime minister asserted that India's stress on renewable energy is not aimed at "impressing the world, but to meet our own people's energy requirements".
An MoU in this regard was signed by state Chief Minister Vasundhara Raje and chairman of Reliance Power Anil Ambani in Jaipur today.
Shell had in 2013 announced plans to build a floating LNG terminal of up to 5 million tonnes per annum capacity off Kakinada coast in a joint venture with Anil Ambani-led Reliance Group's Reliance Power.
JSW Energy will acquire three power plants- the Bina, Bapsa and Karcham projects-- from the Jaypee group
JPVL and Reliance Power had earlier been in talks for two months before calling off the deal.<br />
Reliance Power's talks to acquire Jaiprakash Power Ventures' three hydro power projects have been called off following lack of clarity over capacity of the Karcham Wangtoo project. In July, Reliance Power signed an initial agreement to acquire all the three hydroelectric power plants of JPVL for around Rs 12000 crore, in what would have been one of the largest deals in India's power sector.<br />
Jaiprakash Power Ventures Ltd said on Wednesday a deal to sell its entire hydropower business to Anil Ambani's Reliance Power Ltd has collapsed.
Of the 218 coal blocks in question, only four are exempted, including allocations to NTPC and SAIL.
Appellate tribunal stays Maharashtra Electricity Regulatory Commission's order removing restrictions for consumers with monthly consumption of above 300 units in Mumbai to shift to Tata Power<br />
After the completion of the fifth unit of Sasan, Reliance Power's generation capacity has increased to 5,185 MW
The company is planning for a 5,000MW push in the power sector with the hopes of having 20,000 MW generation capacity by 2020.
While in the private sector space, Anil Ambani-led Reliance Power has agreed to buy out Delhi-based Jaypee Group's entire hydel business in a deal estimated at Rs 12,000 crore, in the public sector space, the NDA government is exploring the option of merging all state-owned hydroelectric companies in order to reduce its dependence on coal, which is already in short supply domestically and needs to be imported to meet India's fuel needs.<br />
Anil Ambani group firm Reliance Power has pipped Adani Power's Rs 11700 crore offer to buy the entire hydro power portfolio of Jaiprakash Power for an estimated ?15,000 crore after Abu Dhabi National Energy Company (Taqa) pulled out out of the Rs 10,500-crore deal on Thursday.<br />