Breaking News

FTP booster dose for doubling trade to $900 bn by 2020 | Petrol prices cut by 49 paise/litre, diesel by Rs 1.21 | Government to auction 16 coal blocks in April | SC stays order to summon Manmohan as accuse in Coal Scam case | Exclusive – Allow pvt entry, set up regulator for Rlys: Debroy panel
  NIFTY  8,586.25  1.12%
  SENSEX  28,260.10  1.08%
  GOLD  26,454.00  0.95%
  SILVER  37,855.00  1.85%
 CURRENCY  Rs  62.50/$ 67.27/€, 92.81/£
  NIKKEI  19,034.80  -0.90%
  HANG SENG  25,082.80  0.73%
  DAX  12,001.40  0.29%
  FTSE  6,809.50  0.54%
  DOW JONES  17,698.20  -0.44%
  S&P 500  2,059.69  -0.40%
  NASDAQ  4,880.23  -0.42%

Rel Power Buys JP's Hydro Assets


Play this video

July 28: Barely two days after Abu Dhabi based energy major TAQA called off a Rs.9,689 crore deal with JP Associates, Anil Ambani owned Reliance Power has agreed to buy the hydropower assets of Jaiprakash Power Ventures for an undisclosed amount. The pact is a crucial step for JP Power when paring its debt, while for R-Power this acquisition will help in diversification. Watch as Mehak Kasbekar and Amritha Pillay shares a detailed report on the same.