Reliance Power, Infra shares rally: What's driving the Anil Ambani-owned Reliance stock surge? Check details
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NEW DELHI: Anil Ambani-led Reliance ADAG stocks, Reliance Power and Reliance Infrastructure have been on a strong upward trajectory, driven by a series of positive developments.
On Wednesday, Reliance Power surged over 5% in morning trade, taking its monthly gains to over 70%. Reliance Infrastructure also gained 1% in early trade today and has jumped nearly 60% in the last month.
Reliance Power hit a fresh 52-week high of Rs 67.68 on Tuesday, extending a month-long rally of 76% and a 173% gain over the past year.
The rally in both stocks is being fueled by multiple triggers, project wins, favourable court orders, equity infusions, and a strong return to profitability.
Reliance Power alone rose 45.5% in May and has added another 10% in the past week.
What's driving the surge in Reliance Power and Infra stocks?
Reliance Group stocks have seen a sharp rally, backed by strong quarterly results, major project wins, financial restructuring, and renewed investor confidence, as per reports.
Reliance Power's strong Q4 turnaround:
The company posted a consolidated profit of Rs 125.57 crore in Q4 FY25, reversing a loss of Rs 397.56 crore in the same period last year. This shift was driven by cost-cutting measures and fresh equity infusion from its promoter and investors.
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Big project wins further lifted sentiment:
On May 28, Reliance NU Energies, a Reliance Power unit, secured a 350 MW solar power and 175 MW/700 MWh battery storage project from PSU SJVN. Another subsidiary, Reliance NU Suntech, recently signed a 25-year PPA with SECI for Asia's largest solar-plus-storage project, with 930 MW of solar capacity and 465 MW/1,860 MWh of battery storage, with a planned investment of up to Rs 10,000 crore.
Cross-border clean energy collaboration:
Reliance Power has signed a commercial term sheet with Bhutan's Green Digital Pvt Ltd for a long-term power purchase agreement, marking a major milestone in cross-border clean energy collaboration.
Green Digital is a subsidiary of Druk Holding and Investments Ltd (DHI), the investment arm of the Royal Government of Bhutan.Reliance Power also raised Rs 348 crore in May through preferential allotments, strengthening its balance sheet.
Reliance Infrastructure:
Reliance Defence, a subsidiary of Reliance Infrastructure, has announced on June 10 a strategic cooperation agreement with Germany's Diehl Defence to manufacture advanced artillery systems in India. The focus of the partnership will be on producing the Vulcano 155mm precision-guided munition system, an artillery shell known for its long-range and high accuracy.
"Diehl Defence looks forward to strengthening the current relationship with Reliance in the context of TGM for the Indian Armed Forces," Helmut Rauch, CEO of Diehl Defence said.
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