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02-Jan2013

Reliance Power moves up on commissioning 2nd unit of Butibori thermal power plant

Reliance Power is currently trading at Rs. 95.10, up by 0.40 points or 0.42% from its previous closing of Rs. 94.70 on the BSE.

The scrip opened at Rs. 95.50 and has touched a high and low of Rs. 95.80 and Rs. 94.80 respectively. So far 7, 96,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 139.40 on 06-Mar-2012 and a 52 week low of Rs. 69.80 on 06-Jan-2012.

Last one week high and low of the scrip stood at Rs. 95.30 and Rs. 92.25 respectively. The current market cap of the company is Rs. 26,676 crore.

The promoters holding in the company stood at 80.42% while Institutions and Non-Institutions held 6.87% and 12.68% respectively.

Reliance Power has synchronized the second of the two 300MW units of its Butibori Thermal Power Project near Nagpur in Maharashtra. The Unit has been synchronized on 2nd Jan '13 in the early hours and simultaneously coal firing of the unit has been achieved. Power generated from the plant will be distributed to industrial and distribution utilities and will help reduce the demand-supply gap in Maharashtra.

The first 300MW unit achieved full load in earlier this year in August. With the commissioning of the second unit, the full 600MW capacity will be available from the Butibori plant.

The plant is among the most compact-sized thermal plants in the country with its 600 MW capacity requiring not more than 275 acres of plant land. The Butibori power plant is environment friendly with zero effluent discharge. Also, the entire ash generated by the plant will be utilized by Reliance group's own cement plant.

Reliance Power is a part of the Reliance Anil Dhirubhai Ambani Group and is established to develop, construct and operate power projects domestically and internationally.


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