Reliance Power, which gets debut at the stock exchange today opened at Rs547.80 on BSE and touched a high of Rs599.90 and low of Rs 389 in early trade. The stock faces heavy selling pressures across the counters to touch volumes of 29,48,67,000 shares and a turnover of Rs1260 crore. Reliance Power is the flagship company of the Reliance ADA Group to develop, construct and operate power generation projects. The company had entered capital market with public issue of 26 crore equity shares of Rs 10 each. Reliance Power IPO was oversubscribed approximately 70 times.The company is currently developing 12 power projects with a combined planned installed capacity of 28,000 MW, one of the largest portfolios of power generation assets under developments
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