RPower up 5%, hits 7-yr high ahead of board meeting to consider fundraise

Quick Summary:

Reliance Power shares are quoting higher for the eighth straight trading day, having surged 29 per cent during the period.

The Indian government has decided to add new coal-based thermal power capacity of around 80 GW by 2031-32 to meet the increasing power demand in the country.

Last week, Reliance Infrastructure's board had approved fund raising of up to Rs 6,000 crore via preferential issue and qualified institutional placement (QIP).

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Category: BusinessFinance

Markets: India

Topics: Reliance power share price Power generation company Reliance power news Reliance Power Reliance power stock price Rpower Reliance power share price today Rpower fundraise Reliance power debts

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-23 @ 11:36:13 (6 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 694 words

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News ID: 22649312

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