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Reliance Power Limited ( (IN:RPOWER) ) has issued an announcement.
Reliance Power Limited has clarified that the recent classification of Reliance Communications Limited’s loan account as fraud by the Bank of India does not affect its business operations, financial performance, or stakeholders. The company emphasizes its independence from Reliance Communications and its commitment to its business plans and stakeholder value creation. The matter concerning Reliance Communications is under judicial review and has no bearing on Reliance Power’s operations.
More about Reliance Power Limited
Reliance Power Limited, part of the Reliance Group, is one of India’s leading private sector power generation companies. The company has an operating portfolio of 5,305 megawatts, including the 3960 megawatts Sasan Power Limited, the world’s largest integrated coal-based power plant. For the past seven years, Sasan Power has consistently ranked as the best operating power plant in India.
Average Trading Volume: 11,407,961
Technical Sentiment Signal: Buy
Current Market Cap: 202.4B INR
For detailed information about RPOWER stock, go to TipRanks’ Stock Analysis page.