This Reliance Group stock, engaged in developing, constructing, and operating power projects and also in advancing renewable energy through solar and battery storage solutions, jumped 5 percent after receiving an order from SJVN Limited for a Battery Energy Storage System (BESS) and a solar power project.
With a market capitalization of Rs. 20,984.66 crores, the share of Reliance Power Limited has reached an intraday high of Rs. 53.13 per equity share, rising nearly 5.31 percent from its previous day’s close price of Rs. 50.45. Since then, the stock has retreated and is currently trading at Rs. 52.24 per equity share.
Reliance Power Limited, through its subsidiary Reliance NU Energies Private Limited, has received a Letter of Award (LOA) from SJVN Limited, a Navratna Central Public Sector Enterprise, for a 350 MW ISTS-connected solar power project coupled with a 175 MW/700 MWh Battery Energy Storage System (BESS).
This project, awarded at a tariff of Rs. 3.33/kWh for 25 years, was part of a highly competitive 1,200 MW solar + 600 MW/2,400 MWh BESS tender. Reliance NU Energies emerged as the top bidder among 18 qualified developers, reflecting its strong capabilities and industry leadership.
The project will require the installation of 600 MW of solar DC and 700 MWh of storage capacity, significantly enhancing Reliance Power’s clean energy portfolio. With a total pipeline of 2.4 GW solar and over 2.5 GWh of BESS capacity, Reliance Power has solidified its position as India’s largest integrated Solar + BESS player, reinforcing its commitment to a sustainable energy future.
Reliance Power Limited (R-Power) is a part of the Reliance Group and was established to develop, construct, operate, and maintain power projects in both Indian and international markets, which include coal-fired, gas-fired, and hydroelectric plants.
The company has an operating portfolio of 5,305 megawatts that includes 3,960 megawatts from Sasan Power Limited (the world’s largest integrated coal-based power plant).
Coming into the quarterly results of Reliance Power Limited, the company’s consolidated revenue from operations decreased by 0.94 percent YOY, from Rs. 1,996.65 crore in Q4 FY24 to Rs. 1,978.01 crore in Q4 FY25. The company’s net profit has turned from negative to positive, from a net loss of Rs. 397.56 crore in Q4 FY24 to a net profit of Rs. 125.57 crore in Q4 FY25.
In terms of return ratios, the company’s ROCE and ROE should be 6.05 percent and -1.31 percent, respectively. Reliance Power Limited has an earnings per share (EPS) of Rs. 7.34, and its debt-to-equity ratio is 0.93x.
Written By – Nikhil Naik
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