The net profit of Anil Ambani group firm, Reliance Power stood at Rs 37 crore for the quarter ended September 30. The company registered a total income of Rs 56.96 for the second quarter. The company maintains cash and liquid balance of Rs 10,756 crore as per the filing of company report at the Bombay stock exchange.

Reliance Power is developing power generation projects with an installed capacity of 28,200 MW. It is one of the largest projects under development in India. It is also developing Rosa Phase I (600 MW) project at Shahjahanpur which is almost half completed. The company has arranged some funds from IDBI and State Bank of India.

The company was listed with Bombay stock exchange in the month of February and it generated over Rs 11,000 crore from its initial public offer (IPO). The company used funds from IPO for development of power projects in Sasan and Krishnapatnam.

The shares of company witnessed a decline of 6.91 percent and traded at Rs 111.90 on BSE.