Reliance Power released the results of the third quarter
Reliance Group chief Anil Ambani on Wednesday held an important meeting with Maharashtra Chief Minister Devendra Fadnavis. The meeting of Anil Ambani and Devendra Fadnavis took place in the Chief Minister’s official bungalow ‘Sagar’. However, some special information related to this meeting has not been found. But, it is believed that this meeting between CM and Anil Ambani has been held with Reliance Power. Let us tell you that Anil Ambani’s Reliance Power became a completely debt -free company last year. As such, Reliance Power is looking for new investment opportunities in Maharashtra. The special thing is that the energy department of the state is with the Chief Minister Fadnavis.
Reliance Power released the results of the third quarter
Let us tell you that Reliance Power has released the results of the third quarter of the current financial year on Wednesday itself. The company said in an exchange filing that Reliance Power generated a net profit of Rs 41.95 crore in the December quarter of FY 2024-25. Let us tell you that in the third quarter of the last financial year, the company had a loss of Rs 1136.75 crore. The company’s total income increased to Rs 2159.44 crore during the third quarter of the current financial year, which was Rs 1998.79 crore a year ago. The company said in a statement that it has achieved the status of Zero Bank loan, which means that there is no arrears of any bank on it.
How was the company’s shares on Wednesday
On Wednesday, the company’s shares were closed in the red mark, although this decline was almost negligible. Yesterday, Reliance Power shares were down by Rs 0.02 (0.05%) on BSE at a price of Rs 39.89. The company’s shares, which closed at Rs 39.91 on Tuesday, opened at Rs 39.95 on Wednesday. During the trading, the company’s shares reached Intrade High of Rs 40.90 to Intrade Low of Rs 39.51. Let us tell you that 52 weeks of Reliance Power shares are Rs 54.25 and 52 week is Rs 19.37. The current market cap of this company of Anil Ambani is Rs 16,023.70 crore.
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