It was established to develop, construct, operate and maintain power projects in the Indian and international markets.
It also runs power generation, transmission and distribution businesses in other parts of Maharashtra, Goa and Andhra Pradesh.
With its subsidiaries, it is developing 13 medium and large-sized power projects with a combined planned installed capacity of 33,480 MW.
The projects are:[citation needed] Anil Dhirubhai Ambani placed a single order for $8.3 billion with Shanghai Electric Group Company (SEC) for buying 36 coal-fired thermal power generation units, spare parts, and related services over a 10-year period.
The plant will be located in the southern Indian town of Samalkot and the pact was signed during the visit of President Barack Obama.
[12] In 2007, Reliance Power issued a red herring stating an intention to go public with an IPO.
The proposed IPO was to fund the development of its six power projects across the country whose completion dates are scheduled from December 2009 to March 2014.
[13] The Securities and Exchange Board of India, the organisation which regulates activity in the Indian stock market, placed some restrictions based on a complaint about the formulation of the IPO.