Reliance Infrastructure: Difference between revisions
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==External links== |
==External links== |
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* [http://www.rel.co.in/ Official site] |
* [http://www.rel.co.in/ Official site] |
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*[http://www.reliancepower.co.in Reliance Power Official Website] |
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Revision as of 08:08, 7 February 2008
| Reliance Energy Corporate Logo | |
| Company type | Public (BSE: REL) |
|---|---|
| Industry | Electricity Generation and Distribution |
| Founded | 2002 |
| Headquarters | Delhi, India |
Key people |  Anil Ambani, Chairman and Managing Director |
| Revenue |  $1 billion USD (2005) |
| Website | Reliance Energy |
Reliance Energy, formerly known as Bombay Suburban Electric Supply (BSES), is a company under the Reliance - Anil Dhirubhai Ambani Group [1] banner, one of India's largest conglomerates. The company is headed by Anil Ambani.The company's corporate Headquarters is situated in Sector 24,Noida. The company is the sole distributor of electricity to consumers in the suburbs of Mumbai. It also runs power generation, transmission and distribution businesses in other parts of Maharashtra, Goa and Andhra Pradesh. Reliance Energy plans to increase its power generation capacity by adding 16,000 MW with investments of $13 billion.
History
Reliance Energy came into existence when it took over BSES in 2002 .
Dadri & Sasan Projects
- Reliance Energy is currently constructing a 5500MW gas generation power plant in the district of Dadri in the norther state of Uttar Pradesh. It is planned to be the single largest gas grassroot gas fired generation plant in the world and will solve much of the power supply shortages of northern India.
The Sasan project(Madhya Pradesh) is a 5 x 800MW coal fired generator currently under construction. The tender had initially been awarded to Lanco Group, before being disqualified.
Other Projects
Reliance Energy won on competitive bidding last year for 280 MW Urthing Sobla hydro power project in Uttarakhand. It has also won two power projects totaling 1700 MW in Arunachal Pradesh.
Recently Reliance energy has bagged 1200 MW Hissar and 2X250 MW Pariccha projecton EPC Contract.It is also building 1200 MW Rosa Power Plant.
Relationship with Tata Power
Tata Power is the India's oldest private power section company and considered Reliance Energy's biggest rival. However Tata Power and REL have unusual business relationship in that Tata Power is a net generator of power and sells power to REL while REL has insufficient generation capacity to supply its Mumbai retail customers and thus must buy the short fall from Tata Power. Tata Power and REL both compete directly against each other in the high end use industrial customer market. This has resulted in several contract disputes between the two rivals.
Reliance Power
As at 15-Jan-08 Reliance Energy is in the process of structuring an IPO for its subsidary Reliance Power. Reliance Energy will new issue shares in Reliance Power equal to 80% while holding the 20% interest. The IPO is expected to raise US$3.5bilion. This will make Reliance Power the largest IPO in India's history. The capital raising is to fund the new generation projects currently planned.
See also
External links
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