Reliance Power
Reliance Power: Anil Ambani has got a big relief from the Delhi High Court. According to the information given by Reliance Power to National Stock Exchange of India and BSE Limited, its subsidiary Reliance NU Santech Private Limited has been relieved on the proposal termination of the Power Permission Agreement. Let us tell you that earlier on Wednesday, Reliance Power shares saw a decline of 2 percent in intraday, due to which Reliance Power’s shares broke to Rs 64.38.
What is the whole matter?
Reliance NU Santech Private Limited, a subsidiary company of Reliance Power, is in the business of Solar Energy. Recently, the Lur Energy Corporation of India had talked about ending the purchase agreement with this company. Regarding which Reliance Power had appealed in the Delhi High Court and the Delhi High Court has ordered the case to maintain the case and stopped the Solar Energy Corporation of India Limited from taking any force.
Results of Reliance Power in March quarter
The result of the March quarter, the power sector company Reliance Power has got a net profit of Rs 126 crore in the January-March quarter of FY 2024-25. The company had a loss of Rs 397.26 crore in the same quarter of FY 2023-24. His total income was Rs 2,066 crore in the quarter under review, which was Rs 2,193.85 crore in the same quarter of last year. The company’s total expenditure declined to Rs 1,998.49 crore in the same quarter, which was Rs 2,615.15 crore in the same period a year ago. During the financial year 2024-25, the company’s integrated net profit was Rs 2,947.83 crore, while in 2023-24 the company had a loss of Rs 2,068.38 crore.
Earlier, Reliance Power had clarified that the action taken by SBI against Reliance Communications has not affected Reliance Power. Reliance Power made it clear that the decision by the State Bank of India (SBI) to declare the Loan Account of Reliance Communications a fraud, Reliance Power’s business operations, financial status, shareholders, employees or any other perpetrator have no impact.