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Reliance Power jumps

December 29, 2009

INDIA ENERGY

Shares in power and utility firm Reliance Power jumped nearly 5 percent on Tuesday after the company said it expected to start generating more than 3,000 megawatts of power by 2012.

Shares in the company rose over 6 percent in intra-day trade and finally closed 4.9 percent higher at 154 rupees with volumes of 2.8 million shares.

Reliance Power, part of the Anil Dhirubhai Ambani Group, is developing 16 power projects with a combined installed generation capacity of more than 33,000 MW.

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