Reliance Power is currently trading at Rs 122.55, up by 1.30 points or 1.07% from its previous closing of Rs. 121.25 on the BSE.
The scrip opened at Rs. 122.60 and has touched a high and low of Rs 123.45 and Rs 122.10 respectively. So far 75,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 191.00 on 11-Nov-2010 and a 52 week low of Rs 106.15 on 25-Feb-2011.
Last one week high and low of the scrip stood at Rs. 127.60 and Rs. 120.10 respectively. The current market cap of the company is Rs. 34011.63 crore.
The promoters holding in the company stood at 80.42% while Institutions and Non-Institutions held 6.46% and 13.08% respectively.
Corporate giant, Reliance Power has got five out of the 18 hydropower projects for which global bids were invited by the Himachal Pradesh. The company was allotment the 300 MW Purthi, 94 MW Teling and 44 MW Shangling, all in Lahaul and Spiti district, 130 MW Sumte Kothang and 104 MW Lara Sumta projects in Kinnaur district.
As per Himachal Pradesh's amended power policy, the bidder who offers more free power to the state in addition to the fixed quota are allotted projects. During the previous Congress government, the projects were allotted on the basis of highest upfront premium.
Himachal Pradesh has ample water resources with a power potential of about 23,000 MW. About 6,672 MW have been harnessed till now by the central and state governments, private players and joint venture companies.
No comments:
Post a Comment