Reliance Power to raise debt of up to Rs 1,200 crore; stock hits 10% upper circuit

Reliance Power, a part of the Reliance Group, is a leading private sector power generation and coal resources company. The stock of the company has risen nearly 90 per cent in the past one year and 575 per cent in the last 3 years. For the quarter ended June 30 2022, the company reported net sales of Rs 10.07 crore, down 27.5 per cent from the year-ago quarter’s Rs 13.89 crore. The company reported a net loss of Rs 69.18 crore for the latest quarter.