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FEB 13 2018

Ten years of Anil Ambani-led Reliance Power listing: All you need to know

  • Economic Times, ET Bureau / Hyderabad
  • Created: Tue 13th FEB 2018


The Anil Ambani-led Reliance Power completed a decade since its public listing on the exchange. The scrip created ripples in the market for enjoying a valuation higher than existing power generation companies. On February 11, 2008, the company made its debut on the exchanges with a listing price of Rs 232.7 per share. The stock, however, was on a steady downfall.

Now the price is at Rs 47.4 per share. The company's stock performance left the Street wondering if it was over-priced or if the existing power companies' stocks were under-valued.

But, it was not long before the initial optimism fizzled out. A bullish outlook on India’s energy story and R-Power’s mega expansion plans drove the aggressive pricing.

R-Power had projected an ambitious capacity of more than 28,100 megawatt by 2016. At present, the company operates at a total capacity 5,945 Mw. Part of its capacity addition plans, two of the three ultra-mega power plants that R-Power won through competitive bidding, never saw the light of the day due to various reasons including land acquisition and coal supply issues.


TOTAL Coal Power Generation Reliance Power Land Acquisition Energy Capacity Addition Power India

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