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Ten years of Anil Ambani-led Reliance Power listing: All you need to know

Amritha Pillay/ 12 Feb 18 | 10:02 PM

Anil Ambani, chairman of Reliance Group, at the listing ceremony of Reliance Power at the BSE in Mumbai on February 11, 2008 Reuters

The Anil Ambani-led Reliance Power completed a decade since its public listing on the exchange. The scrip created ripples in the market for enjoying a valuation higher than existing power generation companies. On February 11, 2008, the company made its debut on the exchanges with a listing price of Rs 232.7 per share. The stock, however, was on a steady downfall.

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Now the price is at Rs 47.4 per share. The company's stock performance left the Street wondering if it was over-priced or if the existing power companies' stocks were under-valued. But, it was not long before the initial optimism fizzled out. A bullish outlook on India’s energy story and R-Power’s mega expansion plans drove the aggressive pricing.

R-Power had projected an ambitious capacity of more than 28,100 megawatt by 2016. At present, the company operates at a total capacity 5,945 Mw. Part of its capacity addition plans, two of the three ultra-mega power plants that R-Power won through competitive bidding, never saw the light of the day due to various reasons including land acquisition and coal supply issues.

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Sensex

Company Price Gain (%)
Sun Pharma.Inds.601.656.91
Yes Bank381.752.87
ICICI Bank332.302.17
Axis Bank618.302.15
Reliance Inds.1,210.952.00

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