CERC Seeks Details of IPO Benefits From Reliance Power

Electricity regulator CERC has asked Reliance Power to elucidate the benefits reaped by the company from its Initial Public Offering which came out in February 2008, and how has it brought down the cost of equity of its flagship Sasan ultra mega power project. Reliance Power had petitioned the Central Electricity Regulatory Commission (CERC) seeking compensation for its 4,000 Sasan UMPP in Madhya Pradesh due to rupee depreciatio...