Reliance Power Group Provides Operational Overview and Confirms Past Management Departures
Reliance Group, which includes Reliance Power Limited and Reliance Infrastructure Limited, confirmed key details regarding its past leadership and provided an update on its overall operational capacity and market presence.The group clarified its management history, confirming that Mr. Amitabh Jhunjhunwala left the Group in September 2019. He had no association with the Group following that departure, including with Reliance Infrastructure Limited and Reliance Power Limited. During his time with the Group, he served as the Group Managing Director of the Reliance Group, as well as Vice Chairman and Director of Reliance Capital Limited.
Similarly, the group stated that Mr. Amit Bapna left the Reliance Group in December 2019. He had no association with the Group thereafter, including with Reliance Infrastructure Limited and Reliance Power Limited. Previously, Mr. Bapna served as the Chief Financial Officer of Reliance Capital Limited, and Director of Reliance Home Finance Limited.
Reliance Infrastructure Limited and Reliance Power Limited, both part of the Reliance Group, currently serve millions of customers and have a combined investor base of approximately 50 lakh shareholders.
Reliance Infrastructure Limited is positioned as one of India's largest infrastructure companies. The company undertakes projects through various Special Purpose Vehicles (SPVs) across high-growth sectors, including Power, Roads, Metro Rail, and the Defence sector. Reliance Infrastructure is a key player in delivering Engineering and Construction (E&C) services for developing infrastructure, metro, and road projects, alongside power developments.
Regarding power generation, Reliance Power Limited is noted as one of India's leading power generation companies. The company boasts a total installed capacity of 5,305 MW. This includes the Sasan Ultra Mega Power Project in Madhya Pradesh, which accounts for approximately 4,000 MW and is identified as the largest integrated thermal power plant in the world.
RPOWER Stock Price Movement
Shares of Reliance Power Limited are slipping by 0.14% in live trading, currently at ₹28.90 as of 1:02 PM. The stock continues to draw high interest, with over 102.10 million shares traded in the market so far today.Source:
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