Anil Ambani’s Reliance Power in trouble as renewable energy agency initiates criminal action over fake bid
1 month, 1 week ago

Anil Ambani’s Reliance Power in trouble as renewable energy agency initiates criminal action over fake bid

Live Mint  

Solar Energy Corporation of India Ltd, India's top renewable energy agency, has sent a notice to Reliance Power asking why it should not initiate criminal proceedings after a subsidiary of the Anil Ambani-led power producer submitted fake documents for a bid, reported the news agency Reuters citing a notice issued on Wednesday, November 13. Last week, the SECI banned Reliance Power from participating in its clean energy project tenders for three years after the agency found that a unit of the company submitted a fake endorsement of a foreign bank guarantee. Last week, The Anil-Ambani-led power generation company said it would legally challenge SECI's ban and lodged a police complaint against the third party that arranged the bank guarantee. Renewable Energy in India Companies in India are looking more into setting up clean energy projects as the country targets 500 gigawatts of renewable energy by 2030, part of its 2070 net-zero goals.

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History of this topic

Anil Ambani-owned Reliance Power share price hits 5% upper circuit after subsidiary wins 930 MW order from SECI
1 week, 4 days ago

Anil Ambani-owned Reliance Power share price hits 5% upper circuit after subsidiary wins 930 MW order from SECI

Live Mint  

Reliance Power share price was locked in at 5% upper circuit at ₹46.24 apiece on Thursday after the company said its subsidiary bagged an order from Solar Energy Corporation of India. Reliance NU Suntech, a subsidiary of Reliance Power, won a 930 MW solar energy contract with battery energy storage system project from the SECI in an e-reverse auction held …

Stocks to Watch: Vedanta, Grasim, Reliance Power, Shriram Finance, Gland Pharma, and more
1 week, 4 days ago

Stocks to Watch: Vedanta, Grasim, Reliance Power, Shriram Finance, Gland Pharma, and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Reliance Power: Reliance Power, led by Anil Ambani, announced that its subsidiary, Reliance NU Suntech Private Ltd, has secured a 930 MW solar energy project with a Battery Energy Storage System. Shriram Finance: Shriram Finance has completed the sale of its 84.44 percent stake in Shriram …

Anil Ambani-owned Reliance Power share price jumps over 3%. Here’s why
2 weeks ago

Anil Ambani-owned Reliance Power share price jumps over 3%. Here’s why

Live Mint  

Reliance Power share price rallied over 3% on Monday after the Anil Ambani-owned company announced settling of loan default by its subsidiary Samalkot Power. In another development last week, the Solar Energy Corporation of India withdrew its order barring Reliance Power from renewable energy tenders. However, on December 3, Reliance Power informed that the Solar Energy Corporation of India withdrew …

Explained: Why Reliance Power share price hit upper circuit today
2 weeks, 5 days ago

Explained: Why Reliance Power share price hit upper circuit today

India Today  

Shares of Reliance Power surged 5% to hit the upper circuit at Rs 41.09 on Wednesday, following the withdrawal of a debarment notice by the Solar Energy Corporation of India. In a December 3 exchange filing, Reliance Power announced that SECI had revoked its debarment notice, allowing the company and its subsidiaries—excluding Reliance NU BESS —to participate in SECI’s tenders. …

Reliance Power Share Price Today on 28-11-2024: Reliance Power share price are up by 3.71%, Nifty down by -0.74%
3 weeks, 4 days ago

Reliance Power Share Price Today on 28-11-2024: Reliance Power share price are up by 3.71%, Nifty down by -0.74%

Live Mint  

Reliance Power Share Price Today on 28-11-2024: At 28 Nov 11:26 today, Reliance Power shares are trading at price ₹39.7, 3.71% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20,100,300 days SMA & lower than the 50 day SMA. The stock will have support at 5,10,20,100,300 days SMA & face resistance at …

Reliance Power Share Price Today on 26-11-2024: Reliance Power share price are up by 0.37%, Nifty down by -0.05%
3 weeks, 6 days ago

Reliance Power Share Price Today on 26-11-2024: Reliance Power share price are up by 0.37%, Nifty down by -0.05%

Live Mint  

Reliance Power Share Price Today on 26-11-2024: At 26 Nov 11:29 today, Reliance Power shares are trading at price ₹34.86, 0.37% up from the previous closing price. On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at …

Reliance Power Share Price Today on 25-11-2024: Reliance Power share price are up by 4.34%, Nifty up by 1.79%
4 weeks ago

Reliance Power Share Price Today on 25-11-2024: Reliance Power share price are up by 4.34%, Nifty up by 1.79%

Live Mint  

Reliance Power Share Price Today on 25-11-2024: At 25 Nov 11:28 today, Reliance Power shares are trading at price ₹36.56, 4.34% up from the previous closing price. On the technical front, the stock is trading above the 5,100,300 days SMA & lower than the 10,20,50 day SMA. The stock will have support at 5,100,300 days SMA & face resistance at …

Reliance Industries stock in bear grip but CLSA sees 30% upside on this key growth trigger. Time to buy?
1 month, 1 week ago

Reliance Industries stock in bear grip but CLSA sees 30% upside on this key growth trigger. Time to buy?

Live Mint  

For investors in Reliance Industries, foreign brokerage CLSA’s recent prediction of a 30% upside in the stock might come as a respite, especially amid the sell-off in the counter, which has pushed it into bear territory. Key Upside Trigger The reason behind CLSA’s bullish stance is RIL’s new energy business worth $40 billion, which it believes the market is ignoring. …

NTPC Green Energy's ₹10,000 crore IPO: Date, details, projects, things to know
1 month, 1 week ago

NTPC Green Energy's ₹10,000 crore IPO: Date, details, projects, things to know

Hindustan Times  

The ₹10,000-crore initial public offering of NTPC Green Energy Limited will open up for subscription on November 19, 2024, with a price band of ₹102-108 per share. The company will use ₹ 7,500 crore from the IPO proceeds to repay debts of subsidiary NTPC Renewable Energy and the remaining for general corporate purposes Important details of the NTPC Green Energy …

Anil Ambani’s Reliance Power shares hit 5% lower circuit after SECI notice
1 month, 2 weeks ago

Anil Ambani’s Reliance Power shares hit 5% lower circuit after SECI notice

Live Mint  

Reliance Power share price: Shares of Anil Ambani's Reliance Power opened at a 5% lower circuit at ₹41.47 on the BSE on Friday, November 8, following a notice from the Solar Energy Corporation of India Limited. The notice stated that Reliance Power and its subsidiary are barred from participating in SECI tenders for the next three years. SECI has barred …

Solar Energy Corp bars Anil Ambani’s Reliance Power for 3 years over fake tender document
1 month, 2 weeks ago

Solar Energy Corp bars Anil Ambani’s Reliance Power for 3 years over fake tender document

Live Mint  

New Delhi: In a setback for Reliance Power’s green energy plans, Solar Energy Corp. of India has barred the Anil Ambani company, its subsidiaries and Reliance NU BESS Ltd from participating in tenders issued by the state-owned company for three years. This ban comes in response to the submission of alleged fake documents by the Anil Ambani companies in a …

Reliance Power share: Why is Anil Ambani-owned stock rising post-Budget 2024?
4 months, 2 weeks ago

Reliance Power share: Why is Anil Ambani-owned stock rising post-Budget 2024?

Live Mint  

Stocks to buy: Reliance Power shares have been on an uptrend after the presentation of Budget 2024. On 23rd July 2024, Reliance Power share price finished at ₹26.94 per share on the NSE, and since then, it has been hitting a 52-week high regularly. They said the market expected the budget benefit to trickle down into the company's balance sheet …

Why is Anil Ambani-backed Reliance Power share price is skyrocketing — explained
9 months ago

Why is Anil Ambani-backed Reliance Power share price is skyrocketing — explained

Live Mint  

Reliance Power shares have been in an uptrend for the last one week. After bottoming out at around ₹20 apiece level on 13th March 2024, Reliance Power share price finished at ₹26.30 per share level on Friday last week. They said that Reliance Power share price today has strong support placed at ₹22 apiece level whereas it is facing a …

Anil Ambani-led Reliance Power share price hits 5% upper circuit, what’s driving the rally?
9 months ago

Anil Ambani-led Reliance Power share price hits 5% upper circuit, what’s driving the rally?

Live Mint  

Reliance Power's stocks surged by 5% on March 20, hitting a peak of ₹23.83 on the BSE. This uptick follows reports of the Anil Ambani-led company successfully clearing debts owed to three major banks - ICICI Bank, Axis Bank, and DBS Bank - the previous week. According to The Economic Times report, Reliance Power's parent company Reliance Infrastructure is actively …

Anil Ambani-led Reliance Power shares hit 5% upper circuit: What's happening?
9 months ago

Anil Ambani-led Reliance Power shares hit 5% upper circuit: What's happening?

Hindustan Times  

Shares of Reliance Power rose 5% today and reached day's high of ₹23.83 on the BSE. The reports also claimed that its parent Reliance Infrastructure is working towards settling dues of ₹2,100 crore to JC Flowers Asset Reconstruction Company. Stock market today: Anil Ambani-led Reliance Power's shares hit upper circuit on March 20. Reliance Power financials Reliance Power disclosed earlier …

Reliance to generate of 10 GW of renewable solar energy in AP: Ambani
1 year, 9 months ago

Reliance to generate of 10 GW of renewable solar energy in AP: Ambani

Deccan Chronicle  

Visakhapatnam: Reliance Industries chairman and managing director Mukesh Ambani vowed to invest in the generation of 10 gigawatts of renewable solar energy in Andhra Pradesh. Addressing the inaugural session of AP Global Investors Summit here on Friday, the Reliance industries head said that Andhra Pradesh was playing a crucial role in India’s economic growth. Ambani said that India had become …

Reliance to invest ₹75,000 crore in Uttar Pradesh in 4 years: Mukesh Ambani
1 year, 10 months ago

Reliance to invest ₹75,000 crore in Uttar Pradesh in 4 years: Mukesh Ambani

The Hindu  

Reliance Industries Ltd will invest ₹75,000 crore in rolling out 5G mobile telephone services, expanding retail network and setting up renewable energy capacity in Uttar Pradesh in the next four years, its chairman Mukesh Ambani said on February 10. Speaking at the Uttar Pradesh Global Investors Summit 2023 here, Mr. Ambani said his group will set up 10 GigaWatts of …

Jio to complete 5G rollout across UP by Dec: Mukesh Ambani at investors' summit
1 year, 10 months ago

Jio to complete 5G rollout across UP by Dec: Mukesh Ambani at investors' summit

Hindustan Times  

Reliance Industries Limited managing director Mukesh Ambani on Friday announced Jio will complete its rollout of G to cover every town and village in Uttar Pradesh in 10 months -- by December 2023. Reliance Retail will revolutionise thousands of kiranas in the state," Ambani said enumerating Reliance's commitment to Uttar Pradesh at the Global Investors' Summit 2023 in Lucknow. Reliance …

RIL AGM 2022: Reliance Plans to Accelerate Rs 75,000-Crore Investment in New Energy, Says Mukesh Ambani
2 years, 3 months ago

RIL AGM 2022: Reliance Plans to Accelerate Rs 75,000-Crore Investment in New Energy, Says Mukesh Ambani

News 18  

RIL AGM 2022: Reliance Industries Chairman Mukesh Ambani on Monday said the company will establish 20 gigawatts of solar energy generation capacity by 2025 and 100 GW by 2030. Addressing the company’s 45th annual general meeting, RIL Chairman Mukesh Ambani said, “Reliance’s captive energy requirement across businesses provides us with a large base-load demand to support our plans to set …

Anil Ambani steps down as director of R-Infra, Reliance Power
2 years, 8 months ago

Anil Ambani steps down as director of R-Infra, Reliance Power

India Today  

Reliance Group Chairman Anil Ambani on Friday resigned as director of Reliance Power and Reliance Infrastructure, following markets regulator SEBI's order restraining him from associating with any listed company. "Anil D Ambani, non-executive director, steps down from the board of Reliance Power in compliance with SEBI interim order," Reliance Power said in a BSE filing. In a separate filing to …

20 to 30 Companies in Energy, Tech Space to Grow as Big as Reliance in 10-20 Years: Mukesh Ambani
2 years, 10 months ago

20 to 30 Companies in Energy, Tech Space to Grow as Big as Reliance in 10-20 Years: Mukesh Ambani

News 18  

Mukesh Ambani, chairman and managing director of Reliance Industries Limited, batted for young entrepreneurs to make India a superpower in green energy. Ambani predicted that there will be 20 to 30 new Indian companies in the energy and tech space that will grow as big as Reliance, if not bigger, in the next 10-20 years. Similarly, India’s clean and green …

Ambani eyes $3 billion equity raise for green power
2 years, 10 months ago

Ambani eyes $3 billion equity raise for green power

Live Mint  

MUMBAI : Reliance Industries Ltd has initiated talks with global investors to raise as much as $3 billion in equity to fuel its ambitious plans for the renewable energy business, said two people directly aware of the matter. Reliance Industries’ plans echo those of other global oil firms such as Royal Dutch Shell, Eni Spa and BP Plc, who have …

Reliance Acquires REC Solar Holdings, Which Has IKEA, Audi, Tiger Beer As Customers; Manufacturing Units In Norway, Singapore
3 years, 2 months ago

Reliance Acquires REC Solar Holdings, Which Has IKEA, Audi, Tiger Beer As Customers; Manufacturing Units In Norway, Singapore

News 18  

Reliance Industries Ltd on Sunday announced that its wholly-owned subsidiary Reliance New Energy Solar Ltd will buy REC Group from China National Bluestar for an enterprise value of US$771 million. On the mega acquisition of REC Group, Reliance Industries said REC has “always had strong focus on research and development and now, coupled with Reliance’s world-class innovation, scale, and operational …

Reliance aims at 100 GW renewable energy by 2030: Mukesh Ambani
3 years, 3 months ago

Reliance aims at 100 GW renewable energy by 2030: Mukesh Ambani

Business Standard  

Reliance Industries will by 2030 create or enable capacity to generate at least 100 gigawatts of electricity from renewable sources, which can be converted into carbon-free green hydrogen, its chairman Mukesh Ambani said Friday as he outlined a 1-1-1 vision to bring down the cost of hydrogen to under USD 1 per 1 kg in 1 decade. Speaking at the …

RIL AGM 2021: Mukesh Ambani Shares Rs 75,000-cr Energy Biz Plan to Put India on Global Solar Map
3 years, 5 months ago

RIL AGM 2021: Mukesh Ambani Shares Rs 75,000-cr Energy Biz Plan to Put India on Global Solar Map

News 18  

Mukesh Ambani, Chairman of Reliance Industries Ltd, at the 44th Annual General Meeting laid down the roadmap of a mega green energy plan worth an investment of Rs 75,000 crore in the next three years. “Last year I had shared with you our vision to create the next big value creation engine for Reliance and India – our New Energy …

RIL AGM: ’Jio is not just working to make India 2G-mukt, but also 5G-yukt’, says Mukesh Ambani
3 years, 5 months ago

RIL AGM: ’Jio is not just working to make India 2G-mukt, but also 5G-yukt’, says Mukesh Ambani

Live Mint  

Reliance Industries' Chairman Mukesh Ambani made major announcements at the company's 44th Annual General Meeting today. I am confident that Reliance Retail is on a hyper growth trajectory to grow at least 3x in the next 3-5 years: Mukesh Ambani -Talking about Reliance Retail, Ambani says that the company added 1,500 new stores, which is amongst the largest retail expansion …

Reliance AGM 2021 LIVE Updates: Mukesh Ambani RIL 44th Annual General Meeting Announcements Jio Google 5G Phone JioBook Saudi Aramco
3 years, 5 months ago

Reliance AGM 2021 LIVE Updates: Mukesh Ambani RIL 44th Annual General Meeting Announcements Jio Google 5G Phone JioBook Saudi Aramco

ABP News  

Reliance AGM 2021 HIGHLIGHTS: Billionaire Mukesh Ambani, Asia's most affluent, is addressing the shareholders at the 44th Annual General Meeting of Reliance Industries Limited, India's most valued firm by market capitalization, today virtually. Ambani, known for making big bang announcements during the AGM, is expected to cheer the shareholders with mega announcements in its core O2C business and the consumer-facing …

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