Reliance Power surges as its Sasan UMPP achieves boiler light up for fourth 660 MW unit

Reliance Power is currently trading at Rs. 73.20, up by 1.55 points or 2.16% from its previous closing of Rs. 71.65 on the BSE. The scrip opened at Rs. 71.90 and has touched a high and low of Rs. 73.55 and Rs. 71.90 respectively. So far 695224 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 83.10 on 21-May-2013 and a 52 week low of Rs. 60.10 on 04-Fab-2014. Last one week high and low of the scrip stood at Rs. 74.00 and Rs. 69.20 respectively. The current market cap of the company is Rs. 20421.32 crore. The promoters holding in the company stood at 74.98% while Institutions and Non-Institutions held 11.68% and 13.31% respectively. Reliance Power’s Sasan Ultra Mega Power Project (UMPP) has achieved boiler light up for fourth 660 MW unit. With this, the total capacity of Sasan UMPP is now 2640 MW (4X660 MW). Sasan UMPP is an upcoming 3,960 MW pit-head coal-based power plant in Madhya Pradesh. The project is the first domestic coal-based UMPP awarded in the country by the Government of India. The first 660 MW unit of the Smart UMPP was commissioned in March 2013 and the 2nd Unit in Jan 2014. The 3rd unit was synchronized to the grid in March 2014, reached full load and is operational. First three 660 MW units of the project comprising 50% of total capacity are already operating, 4th Unit Boiler lighted up and the balance two units are in advanced stages of construction. Reliance Power is a part of the Reliance Anil Dhirubhai Ambani Group and is established to develop, construct and operate power projects domestically and internationally.