Reliance Power, power generation and power distribution company, reported consolidated net profit of Rs. 351.81 crore for the quarter, registering growth of 38.26% yoy and 1.78% qoq. The company’s consolidated total income from operation of Rs. 2,562.21 crore, grew by 47.97% yoy but declined 7.36% qoq.
Recently, there were reports that the promoter releasesd the pledge of 4.83 crore shares on February 1st, 2016.