RNRL gives into the powers that be.. | Advantage zyaada

Friday, July 2, 2010

$2.5 bn in Market Cap, 37 Institutional holders with 8.3% stake and a new 10 mmscmd gas supply agreement will easily merge into the new Reliance Power/ Reliance energy behemoth and get to the business of creating assets and revenues..

REUTERS INSIGHT Reliance Power Limited (RPower) is part of the Reliance Anil Dhirubhai Ambani Group. RPower is engaged in the development, construction and operation of power generation projects with a combined planned capacity of 33,480 megawatts. The Company is developing 3,960 megawatts Tilaiya Ultra Mega Power Project located in the State of Jharkhand. RPower is developing 16 large and medium sized power projects with a combined planned installed capacity of 33,480 megawatts. The Companies subsidiaries include Sasan Power Limited, Rosa Power Supply Company Limited, Maharashtra Energy Generation Limited, Vidarbha Industries Power Limited, Tato Hydro Power Private Limited and Siyom Hydro Power Private Limited. In May 2010, the Company acquired three power plants with a total capacity of 433 megawatts from Reliance Infrastructure Ltd.

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