The issue of shares and warrants to RInfra is aimed at reducing Reliance Power's standalone debt by Rs 1,325 crore.
Read MoreThe pact was signed in the presence of Nepal Deputy Prime Minister Bishnu Prasad Paudel and Ambassador of India to Nepal Vinay Mohan Kwatra.
Read MoreAccording to the latest power ministry data, peak power demand or the highest supply in a day touched an all time high of 200.57 GW on Wednesday.
Read MorePower consumption in the country witnessed a 7.9 per cent year-on-year growth in May at 110.17 billion units (BU) despite a low base of 102.08 BU in the same month of 2020.
Read MoreThe Resolution Professional appointed by the National Company Law Tribunal, Delhi has issued a letter of intent dated June 17, 2021, to the company
Read MoreReliance Infrastructure and other promoter holding in Reliance Power will increase up to 25 per cent after issue of equity shares and will further increase to over 38 per cent on conversion of warrants, benefitting eight lakh shareholders of Reliance Infrastructure.
Read MoreIndia Power further said its sales increased by 2 million units in 2020-21 despite the impact of the pandemic and lockdown during the first two quarters of the financial year.
Read MoreThe funds raised would be utilised for long-term resources for general corporate purposes, to fund future growth and also to reduce debt
Read MoreReNew Power is into generating electricity through non-conventional and renewable energy sources.
Read MorePower consumption in the country witnessed an 8.2 per cent year-on-year growth in May at 110.47 billion units (BU) despite a low base in the same month of 2020.
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