Reliance Power proportion charge nowadays: Shares of Reliance Power Ltd hit an upper circuit inside the fag stop of buying and selling on Wednesday amid a surge inside the benchmark indices. The rally in the Anil Ambani led firm came after Sasan Power Limited, a subsidiary of Reliance Power made a bullet payment of US$150 million to IIFCL, UK, pleasing its debt obligation on December 31, 2024.
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Reliance Power inventory rose five% to Rs 44.Sixty eight against the preceding near of Rs 42.56 on BSE.Market cap of the company climbed to Rs 17,947 crore. Total 33.Sixty three lakh stocks of the firm modified fingers amounting to a turnover of Rs 14.89 crore on BSE.
Reliance Power shares have a beta of zero.8, indicating very low volatility in a 12 months. The stock is trading higher than the 5 day, 10 day, 20 day, 30 day, 50 day, 100 day, one hundred fifty day and 2 hundred day shifting averages.
Reliance Power’s relative strength index (RSI) stands at 48.6, which indicators the inventory is trading neither within the overbought nor inside the oversold zone.
“Sasan Power Limited (Sasan Power), a subsidiary of Reliance Power Limited (Reliance Power), has made a bullet price of US$one hundred fifty million to IIFCL, UK, fulfilling its debt obligation on 31 December 2024. This reimbursement will bolster Sasan Power’s debt coverage metrics, enhance liquidity, and decorate its credit score rating. Sasan Power operates a 3960 MW Ultra Mega Power Plant (UMPP) in Sasan, Madhya Pradesh, which is the world’s biggest integrated coal-based totally strength plant. It boasts a captive coal mining potential of 20 MTPA.”
The plant resources power to 14 Discoms distribution organizations (DISCOMs) throughout seven states—Madhya Pradesh, Uttar Pradesh, Rajasthan, Punjab, Haryana, Uttarakhand, and New Delhi—at the bottom tariff in India of Rs. 1.54 per unit, benefiting extra than forty crore humans,” said Reliance Power in a conversation to bourses.