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Saturday, 2 December 2017

Reliance Power Limited inks accord for USD1 billion power projects in Bangladesh

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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.



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