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Reliance Infrastructure, an Indian private sector power utility company and the Reliance ADA Group promote Reliance Power. The present CEO of Reliance Power is K. Raja Gopal since 2 May 2018. [3] The company was the sole distributor of electricity to consumers in the suburbs of Mumbai but in 2017 they sold Mumbai operation to Adani Power.
The company held its initial public offering (IPO) in 1977. [18] ... Reliance Capital, Reliance Natural Resources and Reliance Power. [129] [130]
Anil Ambani received parts of Reliance Group with interests in telecom, entertainment, financial services, power and infrastructure. [12] Ambani is also credited with India's largest IPO, that of Reliance Power, which in 2008 was subscribed in less than 60 seconds, the fastest in the history of Indian capital markets to date. [13]
Reliance Natural Resources Limited is an Indian energy company involved in sourcing, supply and transportation of gas, coal and liquid fuels. The company was incorporated on 24 March 2000 and went public on 25 July 2005. [1] It is a part of the Reliance Anil Dhirubhai Ambani Group. Reliance Natural Resources has merged with Reliance Power. [2]
It is a major shareholder in the other group company, Reliance Power and Reliance Naval and Engineering Limited. In Fortune India 500 list of 2019, Reliance Infrastructure was ranked as the 51st largest corporation in India with first rank in 'Infrastructure Development' category.
An official IPO date has not yet been released. Related Links: IPO Outlook For The Week: Biotechs, Batteries And Business Solutions. Elastic's IPO: What You Need To Know.
In October 2010, Reliance power placed the world's largest order worth $8.29 billion to Shanghai Electric Group to supply power equipment based on Supercritical steam generator technology. [5] On 28 October 2017, the group launched construction of a defense production unit in Mihan-SEZ region. [ 6 ]
The Renewable Energy Corporation (REC) is a solar power company with headquarters in Singapore. REC produces silicon materials for photovoltaics (PV) applications and multicrystalline wafers, as well as solar cells and modules. It is a wholly-owned subsidiary of Reliance New Solar Energy Limited.