Is it best rate to buy rel energy @1600
From Times Online
February 20, 2008
Roger Mike, Bombay
Reliance Power stalls fears for Reliance Energy Share holders.
Reliance Power, earlier known as Reliance Energy Generation Co. Ltd, which got the mandate to develop a 4,000MW ultra mega power project at Sasan in eastern Madhya Pradesh this June. The so-called ultra mega power project is estimated to cost around Rs20,000 crore.
It could not be immediately ascertained which of Reliance Energys other power projects and assets would be farmed off to its unit Reliance Power. About 60% of Reliance Energys Rs6,500 crore revenues in fiscal 2007 came from its power business. Stock broking firm Prabhudas Liladhar had estimated the enterprise value of the power business at Rs1.02 trillion in a recent report.
The parent company had stated in the past that it has plans of setting up 20,000MW capacity by 2015. Some among the new projects could be handled by Reliance Power, an R-ADAG official said, p ...more