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After the Bell

Reliance Power gets funding for Rs175 billion project Date : Friday, July 09, 2010 12:49 AM Stock Informtion: Reliance Power said on Thursday it had achieved financial closure for its Rs175 billion ($3.7 billion) power project in the southern part of the country. The 4,000-megawatt project received funding from more than 15 Indian banks and financial institutions, the company said in a statement. Reliance Power, which is setting up as much as 10,000 megawatts of gas-based power plants, had said on Sunday it would absorb sister firm Reliance Natural Resources in a share swap deal valued at $1.5 billion.

Reliance Power gets funding for Rs175 billion project

Date : Friday, July 09, 2010 12:49 AM

Stock Informtion: Reliance Power said on Thursday it had achieved financial closure for its Rs175 billion ($3.7 billion) power project in the southern part of the country. The 4,000-megawatt project received funding from more than 15 Indian banks and financial institutions, the company said in a statement.
Reliance Power, which is setting up as much as 10,000 megawatts of gas-based power plants, had said on Sunday it would absorb sister firm Reliance Natural Resources in a share swap deal valued at $1.5 billion.