[37], In July 2012, RIL informed that it was going to invest US$1 billion over the next few years in its new aerospace division which will design, develop, manufacture, equipment and components, including aircraft, engine, radars, avionics and accessories for military and civilian aircraft, helicopters, unmanned airborne vehicles and aerostats. Thus Jharkhand Integrated Power Ltd became the wholly owned subsidiary of the company.Rosa Power Supply Company Ltd a wholly owned subsidiary commissioned their first unit of 300 MW with effect from March 12 2010. Currently Raja Gopal Krotthapalli is not associated with any other company. The first Phase of Reliance Power's integrated project consists of 75 MW combined cycle gas based power plant to be set up at Meghnaghat near the capital city of Dhaka and 500 mmscfd LNG terminal at Kutubdia Island south of Chittagong.
FSRU based LNG terminal will supply re-gasified LNG for power project and additional RLNG to PetroBangla.On 10 April 2017 Reliance Power executed project agreements with Bangladesh Power Development Board (BPDB) for Phase I of 750 MW LNG based combined cycle power project at Meghnaghat near Dhaka in Bangladesh which include Power Purchase Agreement (PPA) and Implementation Agreement (IA). Registration of Debentures This order followed a Sebi investigation into RSL's books and accounts for fiscal 2007 and fiscal 2008, which said that it had allegedly violated various clauses of Sebi stock brokers and sub-brokers regulations. Five main allegations concerning Reliance, and which have plunged the Indian capital markets into a period of uncertainty unsurpassed since the days of the securities scam were: Stock market fraud regulator Securities and Exchange Board of India (Sebi) issued a show-cause notice to Reliance Industries Ltd. following a probe into alleged insider trading in Reliance Petroleum Ltd (RPL) shares in November 2007. [21][22] IPCL's Nagothane and Dahej manufacturing complexes came under RIL when IPCL was merged with RIL in 2008. So wear a mask, Nearly half of BSE 500 stocks underperform market since March low, US continues to be biggest source of VC investment in India as China shrugs, The Arctic, one place you don't want to get green is getting greener, It's raining IPOs: With 8 deals, busiest month for Dalal Street in nine yrs, Why the new farm Bills should excite the advertising ecosystem, Apollo Hospitals surges 21% in 2 weeks post Q1 results; stock hits new high, NTPC, Concor freight advance saved Railways dipping operating ratio: CAG, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email). The projects under development include coal gas hydro wind and solar-based energy projects. Moody's and S&P have provided investment grade ratings for international debt of the company, as Baa2 positive outlook (local currency issuer rating) and BBB+ outlook respectively.
[106], A business jet owned by Reliance Industries (RIL) was grounded by The Directorate General of Civil Aviation (DGCA) on 22 March 2014 during a surprise inspection, for carrying expired safety equipment on board; its pilot was also suspended for flying without a licence. The company's operating portfolio includes Ultra Mega Power Projects (UMPPs) of 5945 MWs. It established a nexus with the Unit Trust of India to raise huge sums of money to the detriment of UTI subscribers. In 1975, the company expanded its business into textiles, with "Vimal" becoming its major brand in later years.
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The Sebi inquiry cited 20 irregularities, including the brokerage not informing clients about various charges at the time of opening accounts. The CAG also faulted RIL for limiting the competition in contracts, stating that RIL awarded a $1.1 billion contract to Aker on a single-bid basis. [77], In its 39th Annual General Meeting, its chairman informed the shareholders of the investment plans of the company of about ₹1,500 billion (US$21 billion) in the next three years. RELIANCE POWER LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/07/2020 ,inter alia, to consider and approve Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the Uniform Listing Agreement entered into by the Company with the Stock Exchanges, we hereby … Registration of new loans
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