RPOWER

Jan 30 (Reuters) - Reliance Power Ltd RPOL.NS:

• DEC-QUARTER CONSOL PROFIT 251.1 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 18.73 BILLION RUPEES

Source text: ID:nBSEb6Mlhm

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Nov 20 (Reuters) - Reliance Communications Ltd RLCM.NS:

• ANIL AMBANI'S RELIANCE GROUP: CLARIFIES ON ED ATTACHMENT ORDER OF RELIANCE COMMUNICATIONS ASSETS

• ANIL AMBANI'S RELIANCE GROUP: ED ORDER ON RELIANCE COMMUNICATIONS HAS NO MATERIAL IMPACT ON OPERATIONS OF RELIANCE INFRASTRUCTURE, RELIANCE POWER

Source text: [ID:]

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** Shares of private utilities such as Torrent Power TOPO.NS, Tata Power TTPW.NS and Reliance Power RPOL.NS rise 3%-6% on Wednesday

** Reuters reported that India is considering a bailout exceeding 1 trillion rupees ($12 billion) for debt-laden state-run power distribution companies

** Under the proposed plan, states would need to privatise their electricity utilities and transfer managerial control, or retain control but list them on stock exchanges

** Private companies are expected to benefit from the reforms as they are likely to gain stakes in the state-run companies

** State-run power firms NHPC NHPC.NS, Power Grid PGRD.NS and Power Finance Corp PWFC.NS also gained, ending 2.8%, 2.5% and 3.6% higher, respectively, after hitting session highs on the news

(Reporting by Nishit Navin in Bengaluru)

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Reliance Power Ltd RPOL.NS:

• RELIANCE POWER LTD - SAYS CFO ARRESTED BY ENFORCEMENT DIRECTORATE BASED ON CO'S FRAUD PLAINT, EXEC HAS DEMITTED OFFICE

Source text: ID:nBSE8qmf8l

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Sept 29 (Reuters) - Reliance Power Ltd RPOL.NS:

• TO SELL INDONESIAN SUBSIDIARIES

• TO RECEIVE $12 MILLION FROM SALE

Source text: ID:nBSEbyQW5C

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Sept 19 (Reuters) - Reliance Power Ltd RPOL.NS:

• NO IMPACT ON RELIANCE POWER DUE TO CBI ACTIONS ON RCFL, RHFL

• RCFL AND RHFL RESOLVED WITH MANAGEMENT CHANGE

• ANIL AMBANI NEVER ON BOARDS OF RCFL, RHFL

Source text: ID:nBSE7q1zzP

Further company coverage: RPOL.NS

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July 9 (Reuters) - Reliance Power Ltd RPOL.NS:

• RELIANCE POWER LTD - UNIT CHALLENGES NOTICE ISSUED BY SOLAR ENERGY CORPORATION IN INDIA COURT

• RELIANCE POWER LTD - COURT RESTRAINS SOLAR ENERGY CORPORATION FROM COERCIVE ACTIONS

Source text: ID:nBSE5Gw159

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July 3 (Reuters) - Reliance Power Ltd RPOL.NS:

• SBI’S ACTION ON RELIANCE COMMUNICATIONS HAS NO IMPACT ON CO

Source text: [ID:]

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May 19 (Reuters) - Reliance Power Ltd RPOL.NS:

• SIGNS PPA WITH GREEN DIGITAL PRIVATE LIMITED, BHUTAN

• SIGNS COMMERCIAL TERM SHEET WITH GREEN DIGITAL, BHUTAN

• PROJECT CAPITAL OUTLAY UP TO 20 BILLION RUPEES, LARGEST FDI IN BHUTAN SOLAR

• CO, IN PARTNERSHIP WITH DHI, TO DEVELOP 500 MW SOLAR POWER PROJECT THROUGH 50:50 JV IN BHUTAN

Source text: ID:nBSE5hDXF2

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May 2 (Reuters) - Reliance Power Ltd RPOL.NS:

• NU SUNTECH SIGNS 25-YEAR PPA WITH SECI

• UNIT SIGNS 25-YEAR PPA WITH SECI

• NU SUNTECH TO INVEST 100 BILLION RUPEES IN BESS PROJECT

• UNIT TO DEVELOP AND COMMISSION PROJECT WITHIN NEXT 24 MONTHS

Source text: ID:nBSE9Tc4F1

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Feb 5 (Reuters) - Reliance Power Ltd RPOL.NS:

• DEC-QUARTER CONSOL NET PROFIT 419.5 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 18.53 BILLION RUPEES

Source text: ID:nBSE3xY7RY

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Jan 20 (Reuters) - Reliance Power Ltd RPOL.NS:

• RELIANCE POWER LTD - APPOINTED NEERAJ PARAKH AS CHIEF EXECUTIVE OFFICE

Source text: ID:nBSE2LQxr9

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Dec 26 (Reuters) - Reliance Power Ltd RPOL.NS:

• HIGH COURT GRANTS INTERIM RELIEF TO RELIANCE NU BESS

Source text: ID:nBSE882XZB

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Dec 17 (Reuters) - Reliance Power Ltd RPOL.NS:

• RELIANCE NU SUNTECH RECEIVES LOA FROM SECI FOR SOLAR PROJECT

• UNIT WINS 930 MW SOLAR ENERGY CONTRACT IN E-REVERSE AUCTION

Source text: ID:nBSE51mnj3

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** Shares of Reliance Power RPOL.NS rise as much as 5% to 46.2 rupees, highest in over 2 months

** Co's new renewable energy businesses Reliance NU Suntech wins 930 megawatt solar energy contract and battery energy storage system from Solar Energy Corporation of India

** The unit won the bid at a tariff of 3.53 rupees ($0.04) per kilowatt-hour

** Stock up 97% YTD, set for biggest yearly gain since 2021

($1 = 84.8575 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Dec 11 (Reuters) - Reliance Power Ltd RPOL.NS:

• RELIANCE POWER LTD - RELIANCE NU SUNTECH WINS 930MW SOLAR ENERGY

• RELIANCE POWER - UNIT WINS BATTERY ENERGY STORAGE SYSTEM OF 1860 MWH PROJECT OF SECI

• RELIANCE POWER -UNIT TO INSTALL MINIMUM STORAGE CAPACITY OF 465 MW/1,860 MWH CHARGED BY SOLAR POWER

Source text: ID:nBSE9v5FGf

Further company coverage: RPOL.NS

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Dec 10 (Reuters) - Reliance Power Ltd RPOL.NS:

• SETS UP NEW SUBSIDIARY, RELIANCE NU ENERGIES, FOR RENEWABLE ENERGY BUSINESSES

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Dec 6 (Reuters) - Reliance Power Ltd RPOL.NS:

• RELIANCE POWER -UNIT SAMALKOT POWER PAID IN FULL OUTSTANDING INTEREST IN DEFAULT ON TERM LOAN

• RELIANCE POWER LTD - TERM LOAN WITH EXPORT- IMPORT BANK OF UNITED STATES

• RELIANCE POWER LTD - DEFAULT OF CO AS A GUARANTOR TO LOAN STANDS CURED

• RELIANCE POWER - ACTUAL AMOUNT INVOLVED IN THE DEFAULT AT $15.48 MILLION

Source text: ID:nNSE5Zzzdq

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** Shares of Anil Ambani-owned Reliance Power RPOL.NS rise 5% to 41.1 rupees

** Solar Energy Corporation of India (SECI), the country's top clean energy agency, withdraws ban imposed on the company from participating in clean energy project tenders after a court directive

** RPOL fell 5% on Nov. 8 after agency banned firm and units when it found the endorsement of a bank guarantee to be fake while scrutinising a bid for a tender

** Stock up 76% so far this year, set for highest yearly gain since 2021

(Reporting by Ashna Teresa Britto in Bengaluru)

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Dec 3 (Reuters) - India's top renewable energy agency said on Tuesday it withdrew its ban prohibiting Reliance Power RPOL.NS from participating in tenders for clean energy projects after a court directive.

Last month, the Solar Energy Corporation of India (SECI) had barred Reliance Power from bidding for its tenders for three years and was weighing criminal proceedings against the company after a bank guarantee turned out to be a fake endorsement.

The High Court of Delhi had granted a stay last week on the notice of debarment after the Anil Ambani-owned company challenged the ban, saying it was a victim of "fraud, forgery and cheating conspiracy".

Reliance Power, a coal power producer, aims to expand in the domestic and overseas renewable energy sector and the ban withdrawal removes a key overhang.

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Krishna Chandra Eluri)

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Nov 26 (Reuters) - Reliance Power Ltd RPOL.NS:

• INDIA COURT GRANTED STAY ON NOTICE OF DEBARMENT AND PUBLIC NOTICE ISSUED BY SECI AGAINST CO

• COURT GRANTS STAY ON SECI ORDER AGAINST CO, ITS UNITS EXCEPT RELIANCE NU BESS

Source text: ID:nBSE7Xxgr1

Further company coverage: RPOL.NS

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** Shares of Reliance Power RPOL.NS fall 4.3% at 34.41 rupees, their lowest since Sept. 19, 2024

** Solar Energy Corp of India (SECI) last week said it was weighing criminal proceedings against Reliance Power and its unit for submitting fake documents for a bid

** Reliance Power said co and the unit were the victims of "fraud, forgery and cheating conspiracy"

** RPOL has fallen 24% since Nov. 7, when SECI said that it had banned the company from participating in bids for 3 years

(Reporting by Sethuraman NR in Bengaluru)

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Adds Reliance Power's response in paragraph 5

Nov 14 (Reuters) - India's top renewable energy agency has sent a notice to Anil Ambani-run Reliance Power RPOL.NS, asking why it should not initiate criminal proceedings after a subsidiary of the power producer submitted fake documents for a bid, according to a notice dated Wednesday.

Last week, Solar Energy Corporation of India Ltd (SECI) barred the power firm from participating in its clean energy project tenders for three years after it found that a unit of the company had submitted a fake endorsement of a foreign bank guarantee.

SECI said on Wednesday that the bank guarantee submitted by the unit, Reliance NU BESS, was also fake.

"The repeated submission of a fake bank guarantee along with its counterfeit endorsement has been deemed a deliberate act by the bidder, intended to vitiate the tendering process and to secure the project capacity through fraudulent means," SECI said.

Reliance Power said on Thursday it had received a show-cause notice from SECI and added that the company and its unit were the victims of "fraud, forgery and cheating conspiracy."

Last week, the company said that it would legally challenge SECI's ban and had lodged a police complaint against the third party that arranged the bank guarantee.

The notice and ban come as Reliance Power, a coal power generator, is looking to expand into the domestic and overseas renewable energy sector.

Indian companies are increasingly looking to set up clean energy projects as the country targets 500 GW of renewable energy by 2030 as part of its 2070 net-zero goal, up from the current installed capacity of about 154 GW.

In August, Anil Ambani was banned from the securities market for five years and fined about $3 million by the Indian markets regulator on charges of fund diversion.

(Reporting by Sethuraman NR; Editing by Abinaya Vijayaraghavan)

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** Shares of Anil Ambani's Reliance Power RPOL.NS slip 5%, hit lower end of the exchange-mandated trading band at 41.58 rupees

** Solar Energy Corporation of India Limited (SECI) said on Wednesday that it had banned RPOL and its units after the state-owned agency found the endorsement of a bank guarantee to be fake

** Reliance Power said on Thursday it will legally challenge the ban and that it has been a "victim of fraud, forgery and cheating conspiracy"

** Stock set to post second straight week of losses, if trends hold

** RPOL trims YTD gains to around 78%

(Reporting by Hritam Mukherjee in Bengaluru)

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Nov 7 (Reuters) - Reliance Power Ltd RPOL.NS:

• RELIANCE POWER LTD - GETS NOTICE FROM SOLAR ENERGY CORPORATION OF INDIA

• RELIANCE POWER - WILL TAKE APPROPRIATE LEGAL STEPS TO CHALLENGE UNWARRANTED ACTION OF SECI

• RELIANCE POWER - WILL TAKE APPROPRIATE LEGAL STEPS TO CHALLENGE ACTION OF SECI

• RELIANCE POWER LTD- COMPANY INCLUDING ITS SUBSIDIARIES STAND DEBARRED FROM PARTICIPATING IN ALL FUTURE TENDERS

• RELIANCE POWER - CO, AND ITS SUBSIDIARIES ACTED BONAFIDELY, HAVE BEEN A VICTIM OF FRAUD

Source text: ID:nnAPN2DIXQL

Further company coverage: RPOL.NS

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Nov 6 (Reuters) - Reliance Power Ltd RPOL.NS:

• UNIT ROSA POWER PREPAYS ANOTHER 4.85 BILLION RUPEES DEBT TO VARDE PARTNERS

• RELIANCE POWER HAS ZERO BANK DEBT

• TO PURSUE GROWTH OPPORTUNITIES IN CLEAN GREEN POWER SECTOR

Source text: ID:nBSE3CnfwM

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By Sethuraman N R

NEW DELHI, Oct 15 (Reuters) - Nepal and Bhutan are seeking Indian investment to boost their hydroelectric output and export surplus power to New Delhi, officials from the two countries said on Tuesday at an industry event.

India, which aims for net zero emissions by 2070, is looking for renewable power to fuel its economic expansion. Nepal and Bhutan have surplus power and export 2,070 megawatts and 700 megawatts, respectively, to India.

The two Himalayan nations seek investments to meet their power addition targets.

Bhutan aims to own 25 gigawatt of annual power generation capacity - 20 GW hydro and 5 GW of solar - by 2040, while Nepal seeks 28 GW generation capacity in the next 10-12 years, the officials said.

"To achieve (our target) we need access to financing from Indian banks, and access to the Indian energy market," said Chhewang Rinzin, managing director of Bhutan's state-run Druk Green Power Corp.

Indian private companies like Tata Power, Adani Group and Reliance Power have signed agreements with Druk Green for building hydro electric projects.

Bhutan allows 49% private investment in its hydro power project and if required would consider raising the limit to achieve its 2040 target, Rinzin said.

Nepal has an annual capacity to produce about 3,000 MW of power, which is 95% hydro.

Indian private investment is required to develop potential projects, said Kul Man Ghising Tamang, managing director of Nepal Electricity Authority.

"Nepal's hydro power is open to all private companies and there is no restriction on investment," Tamang said, adding that multiple Indian companies including Adani group are working on projects that are under different stages of development.

(Reporting by Sethuraman NR; Editing by Nidhi Verma and Shailesh Kuber)

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** Shares of Reliance Power RPOL.NS fall 5%, the exchange allowed maximum, to 50.95 rupees

** Stock set to snap 15 straight sessions of gains, up ~72% during the period

** As per LSEG data, 24.6 mln shares traded in 13 block deals at discount ranging between 0.4% and 5% to previous close

** Still, RPOL remains in overbought zone, with the relative strength index at 79 - LSEG data

** RSI above 70 is considered overbought, while below 30 oversold

** Stock has more than doubled YTD

(Reporting by Vijay Malkar)

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Oct 3 (Reuters) - Reliance Power Ltd RPOL.NS:

• ISSUE OF UPTO $ 500 MILLION FOREIGN CURRENCY CONVERTIBLE BONDS

• FOREIGN CURRENCY CONVERTIBLE BONDS ISSUE TO AFFILIATES OF VARDE INVESTMENT PARTNERS

Source text for Eikon: ID:nBSE5B2X5l

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Oct 2 (Reuters) - Reliance Power Ltd RPOL.NS:

• RELIANCE GROUP PARTNERS WITH DHI TO DEVELOP SOLAR, HYDROPOWER PROJECTS IN BHUTAN

Source text for Eikon: ID:nNSE9nqDf8

Further company coverage: RPOL.NS

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