bse 532939 industry electric utility founded 2007 headquarters navi mumbai india key people anil ambani chairman products electrical power natural gas services electricity generation and distribution natural gas exploration production transportation and distribution revenue 18.92 billion us 280 million 2011 net income 7.6 billion us 110 million 2011 parent reliance anil dhirubhai ambani group website reliancepower.co.in reliance power limited is part of the reliance anil dhirubhai ambani group . it was established to develop construct and operate power projects in the indian and international markets . reliance infrastructure limited an indian private sector power utility company and the anil dhirubhai ambani group promote reliance power . 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 . with its subsidiaries it is developing 13 medium and large sized power projects with a combined planned installed capacity of 33 480 mw . reliance natural resources merged with reliance power in 2010 shortly after its initial public offering . 1 contents 1 overview 2 power projects 2.1 ultra mega power projects 2.2 reliance & gas based power projects 3 order to shanghai electric 4 loans from exim bank 5 initial public offering and controversies 6 carbon credits 7 references 8 external links overview edit the company was incorporated in january 1995 as bawana power private limited and changed its name to reliance delhi power private limited in february 1995 . its name was changed to reliance energy generation limited in march 2004 and finally to reliance power limited in july 2007 . 2 the company website identifies project sites broadly to be located in western india 12 220 mw northern india 9 080 mw and northeastern india 4 220 mw and southern india 4 000 mw . they include six coal fired projects 14 620 mw to be fuelled by reserves from captive mines and supplies from india and abroad two gas fired projects 10 280 mw to be fuelled primarily by reserves from the krishna godavari basin the kg basin off the east coast of india and four hydroelectric projects 3 300 mw three of them in arunachal pradesh and one in uttarakhand . power projects edit rosa thermal power station electricity transmission grid in eastern india . ultra mega power projects edit krishnapatnam ultra mega power project at krishnapatnam in nellore district andhra pradesh 3960 mw 6x660 mw . sasan ultra mega power project at sasan village in singrauli district madhya pradesh 3960 mw 6x660 mw . running with ful capacity from march 2015 . 3 reliance & gas based power projects edit dadri power project 7480 mw chitrangi power project 3960 mw samalkot power project 2400 mw raghunathpur thermal power station a upcoming 1200 mw power project . the plant is owned by damodar valley corporation and the engineering procurement and construction contract was given to reliance infrastructure . rajiv gandhi thermal power station located at kedar village in hisar district haryana 1200 mw . the plant is owned by haryana power generation corporation and the engineering procurement and construction contract was given to reliance infrastructure . rosa thermal power plant . a 1200 mw 4x300 mw coal based thermal power plant in rosa village shahjahanpur district uttar pradesh . the plant is fully functional . paricha power project 1200 mw yamunanagar power project 600 mw butibori power project 600 mw 2x300 mw at butibori near nagpur maharashtra . the plant is fully functional . 4 kalai 2 power project 1200 mw siyom power project 1000 mw tato 2 power project 700 mw emini power project 500 mw amulin power project 400 mw urthing sobla power project 400 mw mihundon power project 400 mw solar thermal power project 125 mw pv solar power project 40 mw vashi wind power project 45 mw reliance coal resources tilaya umpp 4000mw krishanapatnam umpp 4000mw on hold sasan umpp 4000mw first unit operational dadri power plant 8000mw on hold chitrangi power project 4000mw rosa power project 1200mw operational butibori power project nagpur 600mw operational samalkot power project 2400mw . . awaiting gas from goi dhirubhai ambani solar park 40mw operational wind power 400mw solar power 500mw hydropower 2500mw distribution bses delhi bses rajdhani bses yamuna reliance power mumbai order to shanghai electric edit anil dhirubhai ambani placed a single order for 8.3 billion with shanghai electric group company sec for buying 36 coal fired thermal power generation units spare parts and related services over a 10 year period . this took the total deal size between reliance power and the chinese power equipment maker over the past couple of years to 10 billion making it the largest contract between a private indian company and a government owned chinese firm . while reliance power has also given a 2.2 billion deal to us based general electric the agreement signed with sec is on a different plane . the chinese company will supply boiler turbine and generator packages for up to 30 000 mw capacity of coal based power at six plants including the 4000 mw ultra mega power project in krishnapatnam the 3960 mw project in chitrangi and the 4000 mw power project in tilaiya . loans from exim bank edit reliance power ltd. signed an agreement with the us export import bank in 2010 for a 5 billion loan to finance power projects . the loan will finance 900 megawatts of renewable technologies such as solar and wind energy 5 as well as up to 8000 mw of gas based power generation technology the indian company said in a statement . this 5 billion agreement is in addition to the 917 million already approved by the ex im bank for reliance power s coal fired power plant at sasan in central india . the agreement will allow reliance power access products and services at competitive rates and help create manufacturing and services jobs in the us . the loan will also enable quicker access to the bank s long term dollar loans . reliance power signed a pact with the us s general electric co. ge worth inr100 billion 2.2 billion to implement a 2400 mw power plant . the plant will be located in the southern indian town of samalkot and the pact was signed during the visit of president barack obama . 6 initial public offering and controversies edit on 15 january 2008 the company attracted 27.5 billion of bids on the first day of its initial public offering ipo equivalent to 10.5 times the stock on offer thereby creating india s ipo record . the upper cut off price for the bid was rs . 450 7 the proposed ipo was to fund the development of its six power projects across the country whose completion dates are scheduled from december 2009 to march 2014 . 8 a media report suggested that if the company s stock price were to cross rs . 650 700 anil ambani would go past l. n. mittal to become the richest indian . 9 it is a reflection of world community in the future of india ... investors seem to be confident in the future of indian economy indian finance minister p. chidambaram told the media about the ipo . 10 the securities and exchange board of india which is an organisation that regulates the activity in the indian stock market placed some restrictions based on a complaint about the formulation of the ipo . 11 the complaint also resulted in a public interest litigation being filed against the company . however the supreme court of india passed a ruling that the ipo would go ahead even if any order is passed by any indian court against the venture . 12 reliance power debuted on the stock markets on 11 february 2008 . however the markets were still reeling after the january 2008 stock market volatility and concerns over speculation that the issue was overpriced sent the stock plummeting soon after its listing . at the end of the day the stock traded at a value that was 17 per cent lower than its issue price of rs . 450 . 13 investors who were betting on the stock reaching 1.5 or even twice its issue price lost a fortune in the process . on 25 february in an effort to mitigate investor losses reliance power decided to issue 3 bonus shares for every 5 shares held . 14 carbon credits edit on 2 february 2011 united nations registered reliance power s sasan power plant to be eligible for earning carbon credits followed by krishnapatanm ultra mega power project and tilaiya ultra mega power projects . united nations issues carbon credits to companies which employs advanced technologies in reducing carbon emission . these carbon credits can then be sold to those companies that are emitting more than their statutory emission limits . references edit anil ambani mulls merging reliance power rnrl . reuters . 2 july 2010 . retrieved 2 july 2010 . reliance power limited private company information . business week . retrieved 16 january 2008 . external link in work help http www.business standard.com article companies reliance power commissions third unit of sasan umpp 114032400259 1.html http timesofindia.indiatimes.com business india business reliance power starts up 2nd unit of butibori plant articleshow 17866086 . cms us exim bank to fund reliance power s solar expansion . the times of india . 17 april 2012 . retrieved 22 june 2012 . john satish kumar 8 november 2010 . reliance power secures loan signs deal with ge others . wall street journal . retrieved 22 june 2012 . m.c. govardhana rangan archana chaudhary 15 january 2008 . reliance power record ipo gets 27.5 billion of bids . bloomberg . retrieved 15 january 2008 . external link in work help dead link noronha paul 5 january 2008 . reliance power set to raise over rs 10 000 cr via ipo . the hindu business line . retrieved 16 january 2008 . external link in work help times news network 16 january 2008 . father would have been a happy man anil ambani on repl ipo . the economic times . retrieved 16 january 2008 . external link in work help press trust of india 15 january 2008 . reliance power ipo subscribed 10 times in 4 hrs . the hindu business line . retrieved 16 january 2008 . external link in work help layak suman 28 december 2007 . sebi puts curbs on reliance power offer . hindustan times . retrieved 15 january 2008 . external link in work help dead link ens economic bureau 12 january 2008 . reliance power can go ahead with ipo supreme court . indian express . retrieved 15 january 2008 . external link in work help hard lessons from the primary market fiasco financial scene the hindu reliance power offers 3 5 bonus share cost now rs . 269 dna india external links edit official website reliance power at sourcewatch companies portal energy portal v t e reliance anil dhirubhai ambani group companies communication reliance communications zapak java green reliance world fiber optic link around the globe power reliance power reliance natural resources dhirubhai ambani solar park infrastructure reliance infrastructure mumbai metro one nanded airport knowledge dhirubhai ambani knowledge center reliance venture reliance health media delivery channels big cinemas bigflix big fm 92.7 big tv bigadda big star entertainment awards media software reliance mediaworks big entertainment big cbs prime big cbs spark big cbs love finance companies reliance capital reliance general insurance reliance life insurance reliance anil dhirubhai ambani group notable non indian companies lowry digital amblin partners part amblin entertainment dreamworks amblin television vanco codemasters technological institute da iict notable people dhirubhai ambani anil ambani tina ambani lalit jalan retrieved from https en.wikipedia.org w index.php title reliance power & oldid 720138722 categories companies listed on the bombay stock exchangecompanies based in mumbaicompanies based in maharashtraindian companies