RPOWER

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

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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) - Reliance Power Ltd RPOL.NS:

• RELIANCE POWER - SECI NOTIFIED DEBARMENT NOTICE ISSUED TO CO WITHDRAWN WITH IMMEDIATE EFFECT

• RELIANCE POWER - CO, UNITS EXCEPT RELIANCE NU BESS ELIGIBLE TO PARTICIPATE IN TENDERS ISSUED BY SECI

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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

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Nov 18 (Reuters) - Reliance Power Ltd RPOL.NS:

• RELIANCE POWER - CO, RELIANCE INFRASTRUCTURE BOARD RECONSTITUTED, FOUR NEW DIRECTORS JOIN BOARD

• RELIANCE POWER - ASHOK PAL, CFO, RELIANCE POWER APPOINTED AS EXECUTIVE DIRECTOR OF COMPANY

• RELIANCE POWER - CO, RELIANCE INFRASTRUCTURE TO INVEST IN RENEWABLE ENERGY, NEW TECHNOLOGIES

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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) - India's Reliance Power RPOL.NS said on Thursday that it will legally challenge a three-year ban by the country's top renewable energy agency from participating in its clean energy project tenders.

Solar Energy Corporation of India Limited (SECI) said on Wednesday that it had banned Reliance Power and its units after the state-owned agency found the endorsement of a bank guarantee to be fake while scrutinising a bid for a tender.

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

"The Company and its subsidiaries acted bonafidely and have been a victim of fraud, forgery and cheating conspiracy," Reliance Power said in a statement.

The company, run by Reliance Group Chairman Anil Ambani, said it had already lodged a complaint against the third party that arranged the bank guarantee with the economic offence wing of the Delhi Police. It did not name the third party.

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 diversion of funds.

(Reporting by Sethuraman NR; Editing by Sonia Cheema)

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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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** Shares of Reliance Infrastructure RLIN.NS and Reliance Power RPOL.NS up 2% and 5%, respectively

** Anil Ambani-run Reliance Group said on Wednesday it would jointly develop solar and hydro power projects in Bhutan along with the government's investment arm Druk Holding and Investments

** The Indian conglomerate, run by the younger brother of Asia's richest man Mukesh Ambani, will form a new unit equally owned by Reliance Infra and Reliance Power

** RPOL stock hit exchange allowed max of 5%, its highest since mid-Jan 2018

** RPOL stock has gained over twofold and RLIN up 61%, YTD

(Reporting by Ashna Teresa Britto in Bengaluru)

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Oct 2 (Reuters) - Anil Ambani-run Reliance Group said on Wednesday it would jointly develop solar and hydro power projects in Bhutan along with the government's investment arm.

The Indian conglomerate, run by the younger brother of Asia's richest man Mukesh Ambani, will form a new subsidiary that is equally owned by Mumbai-listed units Reliance Power RPOL.NS and Reliance Infrastructure RLIN.NS.

The subsidiary will develop 500 megawatts of solar power projects and 770 megawatts of hydro power projects with Bhutan's Druk Holding and Investments.

The conglomerate did not disclose the investment amount for the projects.

Reliance Power aims to expand in the renewable energy sector. The electric utility company last week raised $183 million last week and plans to raise more funds on Thursday.

The Mumbai-headquarted company had last week said that it had no debt from banks and financial institutions after settling dues of $461 million towards its unit.

In June, Indian billionaire Gautam Adani's ports-to-power conglomerate signed an agreement for a 570 megawatt green hydro project in Bhutan.

($1 = 83.9370 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Leroy Leo)

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NEW DELHI, Sept 27 (Reuters) - India's Reliance Power RPOL.NS said on Friday it will consider raising funds, including an option of stake sale to institutional investors as the Anil Ambani-run company looks to expand its business.

The electric utility company said it is would consider multiple options including equity sale and foreign currency convertible bonds among other options at its board meeeting on Oct. 3.

This is the second round of fund raising within days after the company part of Reliance Group approved raising 15.25 billion rupees ($183 million) through a preferential allotment.

The coal power-generating company has previously stated that it needs capital for expanding into renewable energy sector.

The Navi Mumbai, India-headquarted company had last week said that it had no debt from banks and financial institutions after settling dues of 38.72 billion rupees towards its unit.

In August, Reliance Group chairman 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 Tasim Zahid)

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* Reliance Power RPOL.NS rises 5%, the upper limit of exchange-allowed trading band, to 44.15 rupees, extending gains for the eleventh straight session

* National Company Law Tribunal on Wednesday allowed the withdrawal of insolvency application filed by CFM Asset Reconstruction against co

* Around 113 mln shares traded in 43 block deals at 1.5%-5% premium to last close - LSEG

* Overall 155.3 mln shares traded, 2.5x the 30-day avg

* Relative strength index rises to 83.1, suggesting stock might be overbought

* RPOL up ~90% YTD

(Reporting by Vijay Malkar)

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** Shares of India's Reliance Power RPOL.NS extends gains to ninth straight session

** RPOL last up 5%, hits upper limit of exchange-mandated trading band

** Co, part of Anil Ambani's Reliance Group, approved fundraise worth $183 million via issue of shares and/or warrants

** YTD stock has jumped 72%

(Reporting by Hritam Mukherjee in Bengaluru)

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Sept 23 (Reuters) - Reliance Power Ltd RPOL.NS:

• ISSUANCE OF SHARES WORTH UP TO 15.25 BILLION RUPEES

• ISSUANCE OF SHARES VIA PREFERENTIAL ALLOTMENT

• RELIANCE INFRASTRUCTURE TO ENHANCE EQUITY STAKE BY OVER 6 BILLION RUPEES

• ENHANCED CAPITAL WILL SUPPORT CO'S PARTICIPATION IN RENEWABLE ENERGY SECTOR

• OTHER INVESTORS IN ISSUE ARE AUTHUM INVESTMENT, SANATAN FINANCIAL ADVISORY SERVICES

• ISSUE PROCEEDS WOULD BE UTILISED FOR EXPANSION OF BUSINESS OPERATIONS, DEBT REDUCTION

Source text for Eikon: ID:nBSEcdxbq7

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* Reliance Power Ltd RPOL.NS rise 5% to 34.61 rupees, hitting the upper limit of exchange-allowed trading band

* Co's board to meet on Monday to consider raising of long term funds

* 74.1 mln shares traded in 15 block deals at 34.05-34.61 rupees per share - at a premium to last close of 32.97 rupees, LSEG data shows

* Overall 87.3 mln shares were traded, 1.5X the 30-day avg - LSEG data

* RPOL up ~48.5% YTD, set to gain for the fourth consecutive year

(Reporting by Vijay Malkar)

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** Shares of India's Reliance Power RPOL.NS closed higher at an exchange-allowed maximum limit of 5% to 32.97 rupees

** Stock gains for fifth straight session

** Co said it is debt-free after settling obligations worth 38.72 bln rupees ($462.7 mln)

** Stock up 42% YTD

($1 = 83.6850 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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

• ENTIRE OBLIGATIONS OF CO UNDER CORPORATE GUARANTEES AND UNDERTAKINGS STAND SETTLED

• ENTIRE OBLIGATIONS FOR 38.72 BILLION RUPEES STAND FULLY SETTLED AND RELEASED

Source text for Eikon: ID:nBSEbc4cDW

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Sept 16 (Reuters) - Reliance Power Ltd RPOL.NS:

• PARTICIPATED IN SELECTION TO ESTABLISH 500 MW/1000 MWH BATTERY ENERGY STORAGE SYSTEM

Source text for Eikon: ID:nBSE2CggmM

Further company coverage: RPOL.NS

(Reporting by VijayDattaram Malkar)

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** Shares of Anil Ambani's Reliance Group companies drop on Mon, extending losses to 9-11% in past two sessions

** Reliance Infrastructure RLIN.NS and Reliance Home Finance RLIC.NS erase all YTD gains

** Losses after Indian markets regulator SEBI late on Thurs banned Ambani, 24 others from securities market for 5 years on charges of funds diversion

** Ambani is reviewing order, his spokesperson said

** Reliance Infrastructure down 11.3% in two days

** Reliance Home Finance down 10% in two days

** Reliance Power RPOL.NS down 9.7% in two days, but is still up 40.6% for the year

(Reporting by Ashna Teresa Britto in Bengaluru)

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NEW DELHI, Aug 25 (Reuters) - Industrialist Anil Ambani is reviewing the Indian markets regulator’s order banning him and 24 others from the securities market for five years on charges of diversion of funds, his spokesperson said on Sunday.

Ambani, one of India's best known industrialists, will take appropriate next steps as legally advised, the spokesperson added.

(Reporting by Arpan Chaturvedi
Editing by David Goodman
)

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