Shares of Anil Ambani’s company Reliance Power are expected to stay in the focus tomorrow during trading on Monday. In fact, there are reports that Anil Ambani’s Reliance Power Limited is planning to set up a 1,500 MW gas -based power project abroad. She is actively participating in many international tenders for its development.
Let me tell you that shares of Reliance Power increased by more than 4% last Friday to Rs. Were reached 69.29. Sources said that Reliance Power has submitted a bid for gas -based power projects in Kuwait, United Arab Emirates (UAE) and Malaysia.
The company has recently acquired two major power projects in Bhutan. One of these is a 500 MW solar project while the other is a 770 MW hydro power project. The proposed project is expected to make significant changes to the balance sheet of Reliance Power as the company aims to monetize these assets and bring Rs 2,000 crore. When contacted in this regard, a spokesperson for Reliance Power confirmed the news of participating in the company’s global bid.
Let me tell you that Reliance Power shares are constantly performing well. So far this year, shares of R Power have increased by 60%. In the last five days, an increase of 10% and 40% in one month has been seen.
The company’s stock has increased by 140% in one year. At the same time, in five years, Anil Ambani’s company shares have returned up to 1500%. During this period, its price has risen from Rs 4.45 to the current price.
Note: The information provided here is provided only for the purpose of information, it is important to mention that the investment in the market is subject to the risks of the market. So always consult an expert before investing.
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