Latest news with #DrukHoldingandInvestments
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Business Standard
23-05-2025
- Business
- Business Standard
Reliance Power share skyrockets 19% amid heavy volumes; more details here
Reliance Power share price was buzzing trade today amid heavy volumes. Reliance Power share price: Electric power generation, transmission and distribution company Reliance Power shares were buzzing in trade on Friday, May 23, 2025, with the scrip zooming up to 18.66 per cent to hit an intraday high of ₹52.90 per share At 1:23 PM, Reliance Power shares continued to trade near day's high, and were up 17.29 per cent to ₹52.29 per share. In comparison, BSE Sensex was trading 1.05 per cent higher at 81,802.05 level. What sparked 19% rally in Reliance Power share? Reliance Power share price was buzzing trade today amid heavy volumes. Earlier this week, Reliance Power joined hands with Bhutan's Druk Holding and Investments (DHI), to develop the country's largest solar power project in a ₹2,000 crore joint venture. The 500 megawatt (MW) project will be developed under a 50:50 partnership through a Build-Own-Operate (BOO) model. The project is expected to be the largest private sector foreign direct investment (FDI) in Bhutan's solar sector to date. Reliance Power signed a commercial term sheet for a long-term Power Purchase Agreement (PPA) with Green Digital Private Limited, a DHI-owned entity. READ MORE Reliance Power Q4 results Reliance Power reported a consolidated net profit of ₹126 crore in Q4FY25, driven by a major reduction in expenses. This marked a turnaround from the same quarter last year, when the company posted a net loss of ₹397.5 crore. Total income in Q4FY25 declined to ₹2,066 crore, compared to ₹2,193.8 crore in the corresponding period of the previous year. However, total expenses dropped sharply to ₹1,998.49 crore from ₹2,615.15 crore, contributing to the improved profitability. About Reliance Power Reliance Power is engaged in the development, construction, and operation of power generation and distribution projects across India and internationally. The company boasts a diverse energy portfolio that includes coal, gas, hydro, solar, and wind-based power projects. With over 6,000 MW of operational capacity, Reliance Power continues to expand its footprint through ongoing development of coal-fired and gas-fired power plants.
Business Standard
19-05-2025
- Business
- Business Standard
Reliance Power signs PPA with Green Digital, Bhutan
To jointly develop 500 MW solar power project with capital outlay of Rs 2,000 cr Reliance Power has signed commercial term sheet for long-term Power Purchase Agreement (PPA) with Green Digital (GDL), owned by Druk Holding and Investments (DHI), the investment arm of the Royal Government of Bhutan. This groundbreaking initiative is expected to play a pivotal role in advancing regional clean energy integration, and enhancing cross-border infrastructure collaboration across South Asia. Reliance Power and DHI will jointly develop Bhutan's largest solar power project through a 50:50 venture, with an installed capacity of 500 MW. The project entails a capital outlay of up to Rs 2,000 crore under Build-Own-Operate (BOO) model, representing the largest private sector foreign direct investment (FDI) in Bhutan's solar energy sector to date. This milestone transaction highlights Reliance Power's continued focus on capital deployment into high-impact, long-duration clean energy assets, while strengthening its strategic positioning in the regional power infrastructure space. Reliance Power has commenced the Engineering, Procurement, and Construction (EPC) tendering process, adhering to international competitive bidding standards to ensure optimal technical execution and cost efficiency. The company has also initiated engagement with leading financial institutions to structure sustainable, long-tenor project finance solutions, focused on optimizing capital structure and enhancing overall financing efficiency. 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. Reliance Power's total clean energy pipeline stands at 2.5 GWp solar and >2.5 GWhr BESS, making it India's largest player in the integrated Solar + BESS segment. In October 2024, Reliance Enterprises, jointly promoted by Reliance Power, and Reliance Infrastructure initiated a strategic partnership with Druk Holding and Investments to develop solar and hydropower projects in Bhutan. As part of the agreement, Reliance Enterprises and Druk Holding and Investments will jointly develop a 500 MW solar power project. The partnership also entails the execution and long-term operation of 770 MW Chamkharchhu-I hydroelectric project, a run-of-the-river asset structured under a long-term concession model, aligned with Bhutan's national energy strategy.
