About RPL
Reliance Power Ltd is a part of the Anil Ambani Group, one of India’s largest business houses. The group operates across multiple sectors, including telecommunications, financial services, media and entertainment, infrastructure and energy. The energy sector companies include Reliance Infrastructure and Reliance Power.
Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally. The Company on its own and through its subsidiaries has a large portfolio of power generation capacity, both in operation as well as capacity under development.
The power projects are going to be diverse in terms of geographic location, fuel type, fuel source and off-take, and each project is planned to be strategically located near an available fuel supply or load centre. The company has 5,285 megawatt (MW) of operational power generation assets. The projects under development include three coal-fired projects to be fueled by reserves from captive mines and supplies from India and elsewhere; one gas-fired projects; and twelve hydroelectric projects, six of them in Arunachal Pradesh, five in Himachal Pradesh and one in Uttarakhand.
Debt Reduction
Total outstanding borrowings from banks/financial institutions are Rs 1,194 crore. It includes accrued interest on loans. Total financial indebtedness of the listed entity, including short-term and long-term debt, was Rs 1,440 crore.
Stock Performance - 12 Months
Investment Rationale
Scrip has a Year High Rs.18 of and Year Low of 3 ; currently trading at year high levels indicating bullishness.
Investors with high risk appetite should buy on dips and hold for a target price of Rs.50 in next 2-3 years.
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