Reliance Power
Reliance Power Limited (R-Power), formerly Reliance Energy Generation Limited (REGL) is a part of the Reliance Anil Dhirubhai Ambani Group. It was established to develop, construct, operate and maintain power projects in the Indian and international markets. Reliance Infrastructure, an Indian private sector power utility company and the Reliance ADA Group promote Reliance Power. The present CEO of Reliance Power is K. Raja Gopal since 2 May 2018.
| Company type | Public |
|---|---|
| BSE: 532939 NSE: RPOWER | |
| Industry | Electric utility |
| Founded | 17 January 1995 |
| Founder | Dhirubhai Ambani |
| Headquarters | DAKC, Navi Mumbai, India |
Key people | Anil Ambani (Chairman) Raja Gopal Krotthapalli (CEO) |
| Products | Electrical power Natural gas |
| Services | Electricity generation and distribution natural gas exploration, production, transportation and distribution |
| Revenue | ₹8,419.88 crore (US$1.1 billion) (2021) |
| ₹2,977.62 crore (US$370 million) (2021) | |
| ₹228.63 crore (US$29 million) (2021) | |
| Total assets | ₹50,781.83 crore (US$6.4 billion) (2021) |
| Total equity | ₹13,813.85 crore (US$1.7 billion) (2021) |
Number of employees | 1300+ (2021) |
| Parent | Reliance Anil Dhirubhai Ambani Group |
| Website | reliancepower.co.in |
The company was the sole distributor of electricity to consumers in the suburbs of Mumbai but in 2017 they sold Mumbai operation to Adani Power. It also runs power generation, transmission and distribution businesses in other parts of Maharashtra, Goa and Andhra Pradesh. With its subsidiaries, it is developing 13 medium and large-sized power projects with a combined planned installed capacity of 33,480 MW.
Reliance Natural Resources merged with Reliance Power in 2010, shortly after its initial public offering. As of March 2018, Reliance Power has 50 subsidiaries. In Fortune India 500 list of 2019, R-Power was ranked as the 176th largest corporation in India with 9th rank in 'Power sector' category.