Reliance Power set a new milestone in Indian IPO market by creating such a wonderful demand for its IPO. Then as we all know, there were lot of ups and downs in the rates of Reliance Power share in the secondary market because of both known and unknown reasons and now it is just history as Reliance Power has announced its quarter 1 of FY 2008-09 results.
On Friday 25th July, Reliance Power has reported a net profit of Rs. 61 crore for the quarter ended June 30, 2008. Total Income of rs.61 crore for the quarter ended June 30, 2008. Total income of Reliance power went up to Rs. 81 crore, while its earning per share (EPS) stood at 26 paise. “Reliance power intends to develop, construct and operate power generation projects both in India and abroad. The company is at present developing an installed capacity of 28,200 MW,” a company statement said.
While the company’s Rosa Phase-I (600 MW) has achieved an overall progess of 37 percent as an June 2008, and expected to be on stream ahead of scheduled date of March 2010 , work has begun on the sasan mega project (3960 MW). The first unit of sasan project is expected to be commissioned in December 2011 and the full project by March 2013, it added.
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