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Reliance Power Share: Shares of Anil Ambani's company Reliance Power have been in the news for a year. Meanwhile, there has been a huge increase of 130 percent. Shares of the company are currently trading at Rs 26.20. A year ago its price was Rs 11. According to Procrase, Reliance Power shares may rise in the coming days and reach Rs 34.
Stock gave good returns in five years
Reliance Power shares have increased by 250% in the last five years. Meanwhile, its price has increased by Rs 7 from the current price. Let us tell you that the IPO of Reliance Power was launched in January 2008 at a price band of ₹405 to ₹450 per equity share and was listed at ₹547.80 on BSE and ₹530 on NSE. After share listing, Reliance Power also gave 3:5 bonus shares. Its 52-week high is Rs 34.35 and 52-week low is Rs 11.06.
The company is repaying the loan
Let us tell you that in recent months, two subsidiaries of Reliance Power, along with Reliance Capital Commercial Finance, a branch of Otham Investment, have repaid a loan of Rs 1023 crore. Kalai Power Pvt Ltd and Reliance Cleangen Ltd, two associates of Reliance Power Ltd, signed the loan repayment and release agreement with Reliance Commercial Finance Ltd (RCFL), a wholly owned subsidiary of Otham Investment and Infrastructure Ltd, the company said in a filing. Are. For stock market. The company said that it has repaid the loan of Rs 1023 crore.
Loan Agreement with Reliance Commercial Finance Reliance Power has given a loan of Rs. 100,000 to JSW Renewable Energy for its 45 MW wind project in Maharashtra. 132 crore days after the announcement of the sale. Kalai Power has sold the development rights of its proposed 1,200 MW hydro-power project in Arunachal Pradesh in December 2023 to THDC India Ltd for Rs. 128 crores were sold. According to a company official, the funds raised from the sale of these properties were used to repay the loan.
The loan agreement with Reliance Commercial Finance comes days after Reliance Power announced the sale of its 45 MW wind power project in Maharashtra to JSW Renewable Energy for Rs 132 crore. Kalai Power sold the development rights of its proposed 1200 MW hydro-power project in Arunachal Pradesh to THDC India Ltd in December 2023 for Rs 128 crore. According to a company official, the money received from the sale of these properties will be used to repay the loan.