Latest news with #AnilAmbani-led
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Business Standard
3 days ago
- Business
- Business Standard
Reliance Power shares jump 15%, hit 52-week high; rise 111% in one year
Reliance Power share price jumped 15.3 per cent in trade on Friday, May 30, 2025, hitting a 52-week high at ₹59.73 per share on BSE. The stock extended rally for the second consecutive session and rose nearly 17 per cent. The stock has gained nearly 30 per cent in May so far. In the past one year, Reliance Power shares have gained 111 per cent as compared to Sensex's rise of 10 per cent. At 1:14 PM, Reliance Power share price was up 13.6 per cent at ₹59.36 per share on the BSE. In comparison, the BSE Sensex was down 0.28 per cent at 81,408.34. The market capitalisation of the company stood at ₹23,820.64 crore. The 52-week low of the stock was at ₹23.26 per share. Reliance Power order details On Wednesday, after market hours, the Anil Ambani-led company informed investors that its arm Reliance NU Energies has received a letter of award (LoA) from SJVN for a 350 MW inter-state transmission system (ISTS)-connected solar power project coupled with a 175 MW/700 MWh Battery Energy Storage System (BESS). According to the filing, once commissioned, the platform will add 600 MW of solar DC capacity, and 700 MWh of BESS capacity to Reliance Power's portfolio, consolidating its leadership in new energy solutions. The company's total clean energy pipeline now stands at 2.4 GW of Solar DC capacity and over 2.5 GWH of BESS capacity. Reliance NU Energies had earlier emerged as the successful bidder in the competitive auction conducted by SJVN, securing the project at a fixed tariff of ₹3.33/kWh for a period of 25 years. The project was part of a larger 1,200 MW solar + 600 MW/2,400 MWh BESS tender, which attracted participation from 19 developers, with 18 qualifying for the final e-reverse auction. "The project reinforces Reliance Power's strategic commitment to renewable energy leadership, while delivering sustainable value creation across stakeholders. It marks a significant milestone in the company's strategic vision to transition toward cleaner energy sources and play a pivotal role in shaping the country's sustainable energy future," the filing read. About Reliance Power Reliance Power, part of the Reliance Group, is one of India's leading private sector power generation companies. The company has an operating portfolio of 5,305 megawatts, that includes 3960 megawatts Sasan Power Limited (world's largest integrated coal based power plant).
Economic Times
7 days ago
- Business
- Economic Times
Reliance Infra clears Rs 3,300 cr debt in FY25, standalone net debt to banks and FIs at 'zero'
Reliance Infrastructure Ltd, led by Anil Ambani, has achieved debt-free status on a standalone basis by FY25, eliminating bank and financial institution loans. The company reported a consolidated profit of Rs 4,387 crore in Q4 FY25, with adjusted EBITDA soaring by 681%. Operational improvements include reduced transmission losses in Delhi and increased ridership on Mumbai Metro Line 1. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Reliance Infra on operational front Over 44,500 new households were added by Delhi discoms in Q4. Transmission & Distribution (T&D) losses in Delhi fell below 7% due to operational gains. BSES Delhi discoms secured top 'A+' rating from REC for consumer service. Mumbai Metro Line 1 weekday ridership hit 500,000, with 99.99% punctuality. Anil Ambani-led Reliance Infrastructure achieved a major financial milestone by bringing its standalone net debt from banks and financial institutions down to zero, marking a significant reduction of approximately Rs 3,300 crore during FY25, the company said in an exchange filing. Reliance Infra posted a consolidated profit of Rs 4,387 crore in Q4 FY25. Adjusted EBITDA soared to Rs 8,876 crore in Q4, a 681% quarter-on-quarter the full year, the infrastructure and power major reported a consolidated PAT of Rs 4,938 crore, recovering from a loss of Rs 1,609 crore in FY24. Full-year consolidated EBITDA (excluding exceptional items) more than doubled to Rs 12,288 crore, and operating income rose 7% year-on-year to Rs 23,592 crore. Reliance Infrastructure 's consolidated net worth rose by Rs 5,859 crore year-on-year, reaching Rs 14,287 crore as of March 31, 2025, up 70% from Rs 8,428 crore a year consolidated external net debt-to-equity ratio dropped sharply to 0.28x, from 0.78x a year Infrastructure, which has a presence across power, metro, roads, and defense sectors, said the debt reduction reinforces its financial resilience and positions it for future growth across core infrastructure segments.
Time of India
26-05-2025
- Business
- Time of India
Reliance Infra clears Rs 3,300 cr debt in FY25, standalone net debt to banks and FIs at 'zero'
Anil Ambani-led Reliance Infrastructure achieved a major financial milestone by bringing its standalone net debt from banks and financial institutions down to zero, marking a significant reduction of approximately Rs 3,300 crore during FY25, the company said in an exchange filing. Reliance Infra posted a consolidated profit of Rs 4,387 crore in Q4 FY25. Adjusted EBITDA soared to Rs 8,876 crore in Q4, a 681% quarter-on-quarter surge. For the full year, the infrastructure and power major reported a consolidated PAT of Rs 4,938 crore, recovering from a loss of Rs 1,609 crore in FY24. Full-year consolidated EBITDA (excluding exceptional items) more than doubled to Rs 12,288 crore, and operating income rose 7% year-on-year to Rs 23,592 crore. Reliance Infrastructure's consolidated net worth rose by Rs 5,859 crore year-on-year, reaching Rs 14,287 crore as of March 31, 2025, up 70% from Rs 8,428 crore a year earlier. Its consolidated external net debt-to-equity ratio dropped sharply to 0.28x, from 0.78x a year earlier. Live Events Reliance Infra on operational front Over 44,500 new households were added by Delhi discoms in Q4. Transmission & Distribution (T&D) losses in Delhi fell below 7% due to operational gains. BSES Delhi discoms secured top 'A+' rating from REC for consumer service. Mumbai Metro Line 1 weekday ridership hit 500,000, with 99.99% punctuality. Reliance Infrastructure, which has a presence across power, metro, roads, and defense sectors, said the debt reduction reinforces its financial resilience and positions it for future growth across core infrastructure segments.
Business Upturn
23-05-2025
- Business
- Business Upturn
Anil Ambani group stocks surge up to 13% today; Reliance Power, Reliance Infra in focus
By Aditya Bhagchandani Published on May 23, 2025, 12:12 IST Stocks of Anil Ambani-led Reliance Group witnessed strong upward momentum on Friday, May 23, as investors flocked to key group firms in morning trade. Reliance Power surged 12.9% to ₹50.34, while Reliance Infrastructure climbed 5.29% to ₹298.40. Both stocks were among the top gainers on the NSE. Stock Performance Snapshot Reliance Power Ltd Current Price: ₹50.34 Previous Close: ₹44.59 Day's Range: ₹44.40 – ₹50.20 52-Week Range: ₹23.30 – ₹53.64 Market Cap: ₹206.37 billion P/E Ratio: 7.17 Volume: 47.11 million Reliance Infrastructure Ltd Current Price: ₹298.40 Previous Close: ₹283.40 Day's Range: ₹282.45 – ₹297.40 52-Week Range: ₹144.45 – ₹351.00 Market Cap: ₹117.28 billion P/E Ratio: 35.09 Volume: 3.58 million Earlier this week, Reliance Defence Ltd, a subsidiary of Reliance Infrastructure, signed a major strategic partnership with Germany's Rheinmetall AG to manufacture artillery shells and explosives. The companies plan to set up a greenfield manufacturing unit in Ratnagiri, Maharashtra—marking Reliance Group's third major defence collaboration after Dassault Aviation and Thales. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Mint
20-05-2025
- Business
- Mint
Why will Anil Ambani-owned Reliance Power shares be in focus tomorrow? EXPLAINED
Shares of Anil Ambani-led Reliance Power are likely to be in the spotlight on Wednesday, May 21, following key corporate developments including a preferential share allotment worth ₹ 43.89 crore and a landmark renewable energy partnership in Bhutan. Anil Ambani-owned Reliance Power has executed a preferential allotment of equity shares aggregating ₹ 43.89 crore to two entities—Reliance Infrastructure Limited and Basera Home Finance Private Limited. According to an exchange filing, the company allotted a total of 1.33 crore fully paid-up equity shares at ₹ 33 per share (inclusive of ₹ 23 premium). The shares were issued under the SEBI (ICDR) Regulations, following the exercise of rights attached to previously issued warrants. Out of the total allotment, 33 lakh shares were allotted to Reliance Infrastructure, while 1 crore shares were issued to Basera Home Finance. Notably, the allotment price of ₹ 33 per share reflects a steep 26 percent discount to Tuesday's closing price of ₹ 44.73, a move likely to draw investor scrutiny in the trading session ahead. Adding to the buzz, Reliance Power recently announced a strategic international venture with Druk Holding and Investments Limited (DHI), the investment arm of the Royal Government of Bhutan. The two companies will jointly develop Bhutan's largest solar power project, with a planned installed capacity of 500 MW. The ₹ 2,000 crore project will be developed under a 50:50 joint venture on a Build-Own-Operate (BOO) basis. The agreement, marked as the largest private sector FDI in Bhutan's solar energy segment to date, was formalized through a commercial term sheet with Green Digital Private Limited (GDL), a DHI-owned entity. According to Reliance Power, the initiative aligns with its clean energy strategy and underscores its position as India's largest player in the integrated Solar plus Battery Energy Storage System (BESS) category. The company's clean energy pipeline currently stands at 2.5 GWp of solar capacity and over 2.5 GWh of BESS capacity. 'The landmark solar investment in Bhutan underscores Reliance Group's strategic focus on expanding its renewable energy portfolio while reinforcing its long-term commitment to strengthening India-Bhutan economic cooperation,' the company said. In addition to these developments, Reliance Power recently reported a notable turnaround in its financials for Q4FY25. The company posted a consolidated net profit of ₹ 126 crore for the January–March quarter, a significant recovery from a loss of ₹ 397.56 crore during the same quarter the previous year. However, total income declined to ₹ 2,066 crore from ₹ 2,193.85 crore YoY, primarily due to lower revenues. Shares of Reliance Power ended 2 percent lower at ₹ 44.73 on Tuesday, but have gained 12 percent in May so far, bouncing back from a 7 percent dip in April. Prior to that, the stock corrected 29 percent in March, 17 percent in February, and 6 percent in January. Despite recent volatility, the stock has soared 75 percent over the past year and is currently trading 17.5 percent below its 52-week high of ₹ 54.25 hit in October 2024. However, it remains up 92 percent from its 52-week low of ₹ 23.26 recorded in June 2024. Remarkably, Reliance Power has delivered multibagger returns of over 2,480 percent in the last five years, reaffirming its position as one of the best-performing Anil Ambani Group stocks over the long term. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
