Anil Ambani and Reliance Power: A Brief Overview Established in 2007 to meet India's rising energy demand, Reliance Power, a division of the Reliance Group run under Anil Ambani, Initially part of a larger conglomerate post-split from his brother Mukesh Ambani, Anil’s vision was to make Reliance Power a dominant player in the energy sector, focusing on coal, gas, and hydroelectric power generation. IPO and Early Ambitions With India's largest Initial Public Offering (IPO), which brought about almost $3 billion, Reliance Power made news in 2008. Though investors were hopeful, the stock fell shortly after and Reliance Power battled to reach its high targets. Notwithstanding all the hoopla, the company had major challenges including project delays, growing expenses, and regulatory problems. Key Projects Reliance Power aimed for large-scale energy projects like: Completed but beset with delays and exorbitant costs, Sasan Ultra Mega Power Project (UMPP) is among India's biggest
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