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Monday, December 17, 2012

Reliance Power Ltd: What Next? 
Some days back, the board of Reliance Power had approved the scheme of amalgamation of Reliance Clean Energy, its 100% subsidiary company, with Reliance Power Ltd. As per the scheme, no shares are proposed to be issued since the entire share capital of Reliance Clean Energy is held by Reliance Power and its nominees.  This is a positive development for the shareholders as it will create more value for them
Over and above one of its UMPP is coming up only a few weeks from now,  but the stock is still meandering around Rs.99-103 levels, unable to break out of the Pattern. So, the natural question comes: what next?
Reliance Power's consolidated net profit rose 2% to Rs.240.22 crore on 121.4% growth in net sales to Rs.1079.21 crore in Q2 September 2012 over Q2 September 2011. The large-cap company has an equity capital of Rs.2805.13 crore. Face value per share is Rs.10.
Reliance Power, a part of Anil Dhirubhai Ambani's Reliance group, is India's leading private sector power generation company.
The company has the largest portfolio of power projects in the private sector based on coal, gas, hydro and renewable energy, with an operating portfolio of 1,540 MW. 
The company also has the largest captive coal reserves in the private sector, estimated at two billion tonnes. Besides, the company is developing three coal mines in Indonesia and also developing coal bed methane based generation capacity
But it is a pity that the share price of Reliance Power Ltd, is not able to cross Rs.200, especially in the context that Samajbadi Party (SP) is now ruling the UP and the importance of Thakur Amar Singh has increased after his positive vote in FDI in Retail. Will we see the scrip shoot past Rs.150, in the next few months? Only the time will be able to tell.