Reliance Power Ltd's Samalkot project has successfully recast its Rs. 2430 crore (~US$ 347 MILLION) loan from US-Exim. The amortized repayment schedule is converted into bullet repayments and the final loan maturity is extended to June 2022.
The interest rate is very at only 2.65% P.A. The company is in advanced stages of development of Bangladesh project and modules intended for Samalkot project will be relocated to Bangladesh.
Shares of RELIANCE POWER LTD. was last trading in BSE at Rs.3.99 as compared to the previous close of Rs. 4.05. The total number of shares traded during the day was 2764739 in over 18396 trades.
The stock hit an intraday high of Rs. 4.08 and intraday low of 3.96. The net turnover during the day was Rs. 11075065.