Reliance Power to Raise

Mumbai: Reliance Power Ltd is planning to raise as much as $2.5 billion equivalent in a rupee loan to fund its power project, two bankers familiar with the matter said on Wednesday.

Reliance Power Q1 net at Rs 61.22 cr

Reliance Power, part of India's Anil Dhirubhai Ambani Group, has hired SBI Capital Markets to raise the funds for its 3,960 megawatt coal-fired power project in Sasan in the central state of Madhya Pradesh, the sources said.

The bankers, who spoke on condition of annonymity because they are not authorised to speak to the media, said the deal was expected to close by early October.