Anil Ambani also said that the company is committed to cleaner and greener power and is undertaking capital expenditure of Rs 3,300 crore to install Flue-gas desulfurization (FGD) in its coal based plants New Delhi: Reliance Power Chairman Anil Ambani on Tuesday said that the company’s focus will be on value accretive growth opportunities while […]
NTPC keen to buy Reliance Group’s Delhi power distribution units
The Reliance Group, controlled by Anil Ambani, has been looking to cut debt by selling stakes in some of its companies. It sold its Mumbai electricity distribution business to Adani Transmission in 2018 CHENNA: India’s largest electricity generator NTPC Ltd said it was interested in buying a majority stake in Reliance Group’s power distribution assets […]
Anil Ambani’s Reliance Power reports Rs 3,559 crore loss in fourth quarter
The impairment figures (of around Rs 4,000 crore) were adjusted to Rs 3,153.2 crore as it withdrew Rs 1,017 crore from its general reserve. Reliance Power reported a loss of Rs 3,558.5 crore in March quarter, on a standalone basis, mainly on impairments worth more than Rs 4,000 crore recognised by the company on account […]