Synopsis:
Reliance Infrastructure has received an LOA from NHPC for a 390 MW solar project with BESS, making the Group India’s largest integrated Solar + BESS player.
India’s renewable energy sector is expanding quickly, with solar power and battery energy storage systems (BESS) emerging as key drivers of the transition. Following a recent project award, a leading group has become the country’s largest player in the Solar + BESS segment.
With a market capitalization of Rs. 11,257.79 crore, the shares of Reliance Infrastructure Ltd hit its upper circuit of 5 percent, trading at Rs. 275.50, up from the previous close price of Rs. 262.40 per equity share.
What’s the news?
Reliance Infrastructure Limited has received a Letter of Award (LOA) from NHPC, a leading Navratna public sector enterprise, for developing a 390 MW interstate transmission system (ISTS)-connected solar power project coupled with a Battery Energy Storage System (BESS).
The project, awarded at a competitive tariff of ₹3.13/kWh, will add 700 MWp of solar DC capacity and 780 MWhr of BESS capacity once commissioned, further strengthening Reliance Infrastructure’s presence in the renewable energy space.
With this addition, the Reliance Group’s clean energy portfolio will expand to more than 3 GWp of solar DC capacity and over 3.5 GWhr of BESS capacity, making it India’s largest integrated Solar + BESS player. This highlights Reliance Group’s leadership and growing role in driving the country’s transition towards sustainable and dispatchable renewable energy solutions.
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About the Company
Reliance Infrastructure Limited (Reliance Infra) is a leading infrastructure company that operates through Special Purpose Vehicles (SPVs) in high-growth sectors including power, roads, metro rail, and defence.
It is a key player in engineering and construction (E&C) services and has executed major projects such as the Mumbai metro and multiple road projects on a BOT basis. The company also has a strong presence in power distribution, making it a major player in infrastructure development and utility services.
For Q1 FY26, revenue from operations fell by 17.86% to Rs. 5,908 crore from Rs. 7,193 crore in Q1 FY25. Despite the decline, the company posted a net profit of Rs. 305 crore, recovering from a loss of Rs. 93 crore in the previous year’s quarter, primarily driven by other income of Rs. 849 crore.
Written by Akshay Sanghavi
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