Meanwhile, the BSE Sensex was up 165.74 points, or 0.61%, to 27,310.65

On BSE, so far 5.57 lakh shares were traded in the counter, compared with an average daily volume of 7.04 lakh shares in the past one quarter. The stock hit a high of Rs 53.30 and a low of Rs 51.70 so far during the day. The stock hit a 52-week high of Rs 61.40 on 12 January 2016. The stock hit a 52-week low of Rs 33.05 on 25 August 2015. The stock had underperformed the market over the past 30 days till 1 July 2016, rising 0.10% compared with 1.12% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 2.69% as against Sensex's 7.42% rise.

The large-cap company has an equity capital of Rs 2805.13 crore. Face value per share is Rs 10.

Reliance Power announced during trading hours today, 4 July 2016, that the Supreme Court of India did not grant stay on Appellate Tribunal for Electricity (APTEL)'s order dated 31 March 2016, as requested by procurers of Sasan Ultra Mega Power Project (UMPP) during the proceedings on 29 June 2016.

APTEL's order pertains to Commercial Operation Date (COD) of first unit of Sasan UMPP. Procurers of Sasan UMPP are required to continue to make payments towards COD dues as directed by Central Electricity Regulatory Commission (CERC).

APTEL order had paved the way for Sasan Power (SPL) to recover the unpaid amount of nearly Rs 850 crore from the procurers and late payment surcharge of nearly Rs 200 crore as per the power purchase agreement (PPA).

According to media reports, the Western Region Load Dispatch Centre (WRLDC) in August 2013, had filed a case with the APTEL against Reliance Power, claiming that the company could not achieve its full load by March that year, leading to a delay in the COD. APTEL had directed the case to the CERC. In an order in August 2014, CERC said the COD suggested by the company could not be accepted as the full load could not be achieved by then. CERC also directed the Sasan to sell power at 70 paisa - instead of Rs 1.19 - per unit, which was the quoted tariff for the third year.

Reliance Power, in its petition with APTEL, contested the CERC order. The APTEL in late March 2016 upheld Reliance Power's plea and noted this was an arbitrary and discriminatory treatment by WRLDC.

The Sasan UMPP implemented in Singrauli District of Madhya Pradesh, is the largest integrated power plant cum coal mining project at a single location in the world, involving investment of over Rs 27000 crore.

On a consolidated basis, net profit of Reliance Power rose 15.80% to Rs 320.16 crore on 64.32% rise in net sales to Rs 2604.38 crore in Q4 March 2016 over Q4 March 2015.

Reliance Power, a part of the Reliance Group, is India's leading private sector power generation and coal resources company. The company has the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy, with an operating capacity of 5,945 megawatts.