Synopsis :- Reliance group stock is in focus after its subsidiary emerged as the largest winner in the FDRE ISTS Tenders issued by SJVN Limited.
A small-cap Company that is established to develop, construct and operate power projects both in India as well as internationally is in the spotlight after its subsidiary emerged as the largest winner in the FDRE ISTS Tender.
With the market capitalization of Rs. 16,708.51 crore, the shares of Reliance Power Ltd is trading at Rs. 40.40, down by 1.70 percent from its previous day’s close price of Rs. 41.10 per equity share, and it has reached an intraday low of Rs. 39.92 in the same trading day down by 2.87 percent.
What’s the News?
Reliance Power Limited’s wholly-owned subsidiary, Reliance NU Energies Private Limited, has emerged as the largest winner in the first-of-its-kind 1500 MW / 6000 MWh Firm and Dispatchable Renewable Energy (FDRE) ISTS tender issued by SJVN Limited. The company secured 750 MW / 3,000 MWh, representing 50% of the total allocation in a highly competitive online auction oversubscribed 3.3 times, with 14 bidders qualifying for the reverse online auction process.
The project will feature nearly 900 MWp of solar generation integrated with over 3,000 MWh of battery energy storage systems (BESS), delivering dispatchable renewable power to DISCOMs. Reliance NU Energies secured this capacity at a competitive tariff of ₹6.74 per kWh, setting a benchmark in India’s renewable energy sector.
With this achievement, the Reliance Group consolidates its position as India’s largest player in the Solar + BESS segment, boasting a cumulative portfolio exceeding 4 GWp of solar and 6.5 GWh of BESS across four tenders with Navratna enterprises, all within less than a year. This rapid execution underscores the Group’s commitment to India’s energy transition and decarbonization goals.
Financial Outlook
In Q2 FY26, revenue increased to ₹1,974 crore, reflecting a 12.2% YoY rise from ₹1,760 crore in Q2 FY25 and a 4.7% QoQ improvement over ₹1,886 crore in Q1 FY26, indicating steady growth despite a high sequential base.
Profit for Q2 FY26 stood at ₹87 crore, which is down 96.9% YoY compared to ₹2,878 crore in Q2 FY25 due to an exceptional income of ₹3,230 crore in the previous year, while showing a strong 93.3% QoQ increase from ₹45 crore in Q1 FY26, signalling improved profitability on a normalised basis.
At the movement, the company is trading at a price-to-earnings (P/E) ratio of 56.1x which is higher than the industry average of 29.6x. A return on capital employed (ROCE) of about 6.15 percent and debt to equity stands at 0.92 demonstrate the company’s financial position.
About the company
Reliance Power Limited, a Mumbai-based Reliance Group company incorporated in 1995, operates as a major private-sector power generator with a diversified portfolio across coal, gas, hydro, wind, and solar energy.
The company owns and runs several large-scale assets. It has a total operating capacity of 5,305 MW, anchored by the Sasan plant, which is recognized as the world’s largest integrated coal-based power plant and has maintained its position as India’s best-performing power plant for seven consecutive years.
Reliance Power also develops coal mines domestically, including the Moher and Moher Amlohri Extension blocks, and operates coal mining concessions internationally in Indonesia.
As of September 2025, the company’s shareholding pattern shows that promoters hold 24.98 percent of the total equity, Foreign Institutional Investors (FIIs) hold 13.09 percent, while Domestic Institutional Investors (DIIs) own 3.75 percent. The public shareholding stands at 58.18 percent, reflecting a healthy level of retail participation in the company.
Written by Akshay Sanghavi
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