Reliance Power Q2 Profit Plunges, Subsidiary Wins SJVN Tender, Eyes FCCB Issue

Imagine Reliance Power is like a company that sells electricity.

In the last three months, the money they made after paying all their bills (their profit) was much, much lower than the same time last year – almost all gone!

However, the money they earned from selling electricity actually went up a bit.

They also made some important decisions: they plan to borrow a lot of money from overseas by selling special bonds, and one of their smaller companies won a big contract to build a solar power farm with batteries.

This new project is the biggest of its kind for them.

Even with these new projects, the company's stock price went down a little.