Reliance Revenues Upsurge

Reliance Revenues UpsurgeAccording to recent developments in the stock market, Reliance Power has moved up by 300% in terms of their revenues earned in the first quarter of the year.

They now reside at Rs 541.80 crore. They were playing at a mere Rs 139.33 crore at the same time a year earlier.

It was revealed by the authorities of the firm which is owned by Anil Dhirubhai Ambani group, that the total income of the firm saw a 72% increase. It was Rs 401.18 crores earlier and is now Rs 689 crore.

"The approval of Krishnapatnam ultra-mega power project for carbon credits from United Nations Framework for Carbon Credits (UNFCC) makes the company the power utility with the largest number of CERS”, said the company.

Amid the fluctuations in stock market during the past few weeks, this is one of the very few positives transpiring in favor of the firm.

It was revealed by Dewang Neralla that according to the terms that have been agreed upon by the NSE and the firm are to be removed from the much awaited watch list.

He said that there shall be an application protocol interface given to the FTIL along with a currency segment.