May 27, 2017 4:58 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of Reliance Power Limited

Company Overview

Reliance Power Limited, together with its subsidiaries, engages in the generation of power in India. The company operates in two segments, Power Generation and Associated Business Activities. Its portfolio of power projects are based on coal, gas, hydro, wind, and solar energy. As of July 04, 2016, the company had an operating capacity of 5,945 megawatts. It also develops and constructs coal mines in India and Indonesia. In addition, the company has interests in four coal bed methane blocks. Further, it provides project management, supervision, and support services for generation and allied processes. Reliance Power Limited was incorporated in 1995 and is based in Navi Mumbai, India.

H Block

1st Floor

Dhirubhai Ambani Knowledge City

Navi Mumbai,  400710

India

Founded in 1995

Phone:

91 22 3303 1000

Fax:

91 22 3303 3662

Key Executives for Reliance Power Limited

Chief Executive Officer and Whole Time Director
Total Annual Compensation: 5.9M
Compliance Officer, Company Secretary and Manager
Age: 52
Total Annual Compensation: 6.9M
Compensation as of Fiscal Year 2016.

Reliance Power Limited Key Developments

Reliance Power Ltd to Build 718-Megawatts Plant at Meghnaghat

Reliance Power Ltd. announced that it will build a 718-megawatts (MW) imported LNG (liquefied natural gas)-based power plant at Meghnaghat in Narayangnj. The company will ink a power purchase agreement (PPA) and an implementation agreement to execute the power plant project. The state-run Bangladesh Power Development Board (BPDB) will purchase electricity from the proposed power plant for 22 years at a levelised tariff rate of 7.31 US cents (BDT 5.85) per unit (1 kilowatt-hour). The total project cost is around BDT 809.45 billion.

Reliance Power Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2017

Reliance Power Limited reported unaudited consolidated and standalone earnings results for the fourth quarter and full year ended March 31, 2017. For the quarter, on consolidated basis, reported revenue from operations of INR 24,664.9 million compared to INR 24,689.4 million a year ago. Profit before exceptional items and tax was INR 2,854.0 million compared to INR 1,767.7 million a year ago. Profit before tax was INR 2,854.0 million compared to INR 1,767.7 million a year ago. Profit was INR 2,159.0 million compared to INR 615.5 million a year ago. Profit attributable to owners of the parent was INR 2,159.0 million or INR 0.77 per basic and diluted share compared to INR 615.5 million or INR 0.21 per basic and diluted share a year ago. For the quarter, on consolidated basis, reported revenue from operations of INR 103,956.5 million compared to INR 102,986.3 million a year ago. Profit before exceptional items and tax was INR 14,254.2 million compared to INR 13,532.2 million a year ago. Profit before tax was INR 14,254.2 million compared to INR 13,532.2 million a year ago. Profit was INR 11,041.6 million compared to INR 8,954.5 million a year ago. Profit attributable to owners of the parent was INR 11,041.6 million or INR 3.94 per basic and diluted share compared to INR 8,954.5 million or INR 3.19 per basic and diluted share a year ago. For the quarter, on standalone basis, reported revenue from operations of INR 57.8 million compared to INR 69.4 million a year ago. Loss before exceptional items and tax was INR 47.4 million compared to profit before exceptional items and tax of INR 6,595.0 million a year ago. Loss before tax was INR 47.4 million compared to profit before tax of INR 6,595.6 million a year ago. Loss was INR 20.9 million or INR 0.01 per basic and diluted share compared to profit of INR 6,628.1 million or INR 0.15 per basic and diluted share a year ago. For the year, on standalone basis, reported revenue from operations of INR 480.6 million compared to INR 560.9 million a year ago. Profit before exceptional items and tax was INR 710.6 million compared to INR 12,994.4 million a year ago. Profit before tax was INR 710.6 million compared to INR 12,994.4 million a year ago. Profit was INR 642.6 million or INR 0.23 per basic and diluted share compared to INR 12,982.4 million or INR 4.63 per basic and diluted share a year ago.

Reliance Power Limited Announces Board Changes

Reliance Power Limited announced that pursuant to the requirements of the Listing Regulations, at the meeting of the board of directors held on April 13, 2017, the board has, subject to the approval of the shareholders, elevated Shri N. Venugopala Rao, who was appointed as the Chief Executive Officer of the company in November 2015, to the position of a Whole Time Director for a period of three years. The above appointment comes into effect immediately. Further, the company also announced that Dr. V. K. Chaturvedi, Non-Executive Director who has been associated with the company since 2007, has relinquished his position as a Director with immediate effect for reasons of old age.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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