Reliance Power Limited, the part of
the Reliance Anil Dhirubhai Ambani Group, has announced that it has signed an agreement
to execute first phase of a USD 1 billion power project, which consists of 750
MW combined cycle gas-based power plant, in Bangladesh. The company also announced that the project
entails an investment outlay of over USD 1 billion, which is also the largest
foreign direct investment in Bangladesh.
On Friday, shares of Reliance
Power Ltd closed at Rs 37.45, down Rs 0.55, or 1.45% on the NSE. The scrip
opened at Rs 38.80 and touched a high of Rs 38.80 and a low 37.30. The stock
attracted a traded volume of 29,78,171 shares on National Stock Exchange.
Reliance Power Limited is India's
leading private sector power generation and coal resources Company. The company
has the biggest portfolio of power projects in the private sector, based on
coal, gas, hydro & renewable energy, with an operating capacity of 5,945
megawatts.