What is the scope of reliance power ltd company in near future
About: Company: Reliance Power Ltd.
Asked by cheemarla sathishwerreddy, 16 Feb '09 02:13 pm
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Invest in view of 3-4-yearsAnswered by nikhil gorantyal, 18 Feb '09 05:38 pm
Reliance Power is fraud company. Look at their balance sheets. They has IPO for 60000 crore rupees at 450 Rs. We expect money to be invested in core projects like power generation, but they have put all their money like money lenders into mutual funds and other non-core investments. Their largest projects are nto going to earn any revenue until 2016. e.g. Ultra Mega Power Project in UP. Anil Ambani has got these projects name for his company but did not invest money in proper manner. Better sell this stock when market goes up in short term and put in some genuine power generation companies like NTPC.Answered by Ajay Danait, 16 Feb '09 05:02 pm
Near future is uncertain.But 3-4 yrs good investment.Answered by Damodar Biswal, 16 Feb '09 04:49 pm