Latest news with #India-Bhutan
India Today
23-05-2025
- Business
- India Today
Reliance Power Ltd share price rises over 18%. Should you buy?
Shares of Reliance Power Ltd saw a strong jump of 18.66% on Friday, reaching a high of Rs 52.90 during the day. At the last update, the stock was trading 17.90% higher at Rs 52.57. With this rise, the share has gone up 17.53% so far in Power has gained 20.77% in the last month, 51.98% over the last six months, and 99.13% over the past year. Over the last five years, it has gone up by a massive 2,820.56%.One of the main reasons for the rise in Reliance Power's stock price is its recent partnership with Bhutan's Druk Holding and Investments (DHI).The two companies will set up India's largest solar power project through a Rs 2,000 crore joint venture. The project will have a capacity of 500 megawatts (MW) and will be developed under a 50:50 partnership. It will follow a Build-Own-Operate (BOO) a statement, Reliance Power said, '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 gigawatts peak (GWp) in the solar segment, making it India's largest player in the integrated solar and Battery Energy Storage System (BESS) segment.'Market experts believe that the rise in Reliance Power's share price may be linked to overall positive developments in the power and renewable energy Bathini, Director of Equity Strategy at WealthMills Securities, said that the stock could be gaining due to these favourable conditions. However, he also warned that the stock has destroyed investor wealth in the past and is only suitable for those with a high-risk analyst Jigar S Patel from Anand Rathi said that the stock has support at Rs 48 and resistance at Rs 53. 'A decisive move above Rs 53 level may trigger a further upside towards Rs 56. The expected trading range will be between Rs 46 and Rs 53 for the short term,' he share is trading above all major simple moving averages (SMAs) — including the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day and 200-day averages. This suggests a strong positive 14-day Relative Strength Index (RSI) of the stock is 75.88. An RSI above 70 is considered overbought, which means the stock might be due for a to BSE data, Reliance Power's price-to-earnings (P/E) ratio stands at 327.81, which is very high. Its price-to-book (P/B) value is 2.29. The company's earnings per share (EPS) is 0.16, and return on equity (RoE) is 0.71%. These figures suggest that the company is still in the early stages of financial data shows that the stock has a one-year beta of 1.3. This means it is highly volatile and may see large swings in of May 7, 2025, the promoters held a 24.98% stake in Reliance Power, which is led by Anil The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Trending Reel
Yahoo
20-05-2025
- Business
- Yahoo
Reliance Power enters long-term PPA with Green Digital in Bhutan
Indian power generation company Reliance Power has signed a commercial term sheet for a long-term power purchase agreement (PPA) with Green Digital, owned by Druk Holding and Investments (DHI), the investment arm of the Royal Government of Bhutan. The initiative marks a significant step in promoting regional clean energy integration and enhancing cross-border infrastructure collaboration in South Asia. Reliance Power and DHI will jointly develop Bhutan's largest solar power project through a 50:50 venture, offering installed capacity of 500MW. The project represents a capital investment of up to Rs20bn ($234bn) under a build-own-operate (BOO) model - the largest private sector foreign direct investment in Bhutan's solar energy sector. The agreement underscores Reliance Power's commitment to investing in long-duration clean energy assets and strengthens its strategic position in the regional power infrastructure landscape. Reliance Power has begun the engineering, procurement and construction (EPC) tendering process and is engaging with financial institutions to structure sustainable project finance solutions. Solar investment in Bhutan aligns with the Reliance Group's strategy to expand its renewable energy portfolio and re-inforces its commitment to India-Bhutan economic cooperation. Reliance Power's clean energy pipeline includes 2.5 gigawatts peak solar and more than 2.5 gigawatt hours of battery energy storage system (BESS), positioning it as India's largest player in the integrated solar plus BESS segment. The project will be implemented over the 24 months up to May 2027 in line with Bhutan's sustainability framework and the South Asian region's energy transition agenda. It is expected to significantly enhance Bhutan's solar generation capacity and diversify its renewable energy portfolio. In October 2024, Reliance Enterprises, a joint venture between Reliance Power and Reliance Infrastructure, formed a strategic partnership with DHI to develop solar and hydropower projects in Bhutan, including a 500MW solar project and the 770MW Chamkharchhu-I hydroelectric project. In January 2025, Reliance NU Suntech, a subsidiary of Reliance Power, announced plans to invest $1.16bn in establishing a solar power plant with a BESS in the state of Andhra Pradesh, India. The project will be Asia's largest, featuring a 930MW solar energy contract and a 465MW/1,860 megawatt hours BESS. "Reliance Power enters long-term PPA with Green Digital in Bhutan" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
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.
Mint
20-05-2025
- Business
- Mint
Reliance Power share price edges higher after THIS power purchase agreement in Bhutan. Details here
Anil Ambani group company Reliance Power share price edged higher less than a per cent in Tuesday's trading session after the company announced partnership with DHI to develop Bhutan's largest 500 MW solar power project through 50:50 joint venture. At 9:40 am, Reliance Power shares climbed to ₹ 46.22 apiece touching intraday high on National Stock Exchange (NSE) on May 20. Anil Ambani group stock has given multibagger returns by soaring over 2,482.78 per cent in five years. Reliance Power that it has signed a commercial term sheet for a long-term power purchase agreement (PPA) with Green Digital Private Limited (GDL), a company owned by Druk Holding and Investments Limited (DHI), the investment entity of the Royal Government of Bhutan. '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 INR 2,000 crores under Build-Own-Operate (BOO) model, representing the largest private sector foreign direct investment (FDI) in Bhutan's solar energy sector to date,' the company said in a release on May 19. Reliance Power claims to be India's largest player in the integrated Solar plus Battery Energy Storage System (BESS) segment, with a clean energy pipeline totaling 2.5 GWp of solar power and more than 2.5 GWh of BESS capacity. The company stated that the project, set to be rolled out in phases over the next 24 months, is anticipated to significantly boost Bhutan's solar power capacity, exceeding the country's existing solar infrastructure. '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,' it added. Reliance Power recently reported a strong set of results for the January-March quarter of the financial year 2024-25 (Q4 FY25). Reliance Power posted a consolidated net profit of ₹ 126 crore in the January-March quarter of FY25 due to lower expenses. The company had reported a loss of ₹ 397.56 crore in the quarter ended on March 31, 2024, a regulatory filing showed. Total income declined to ₹ 2,066 crore in the fourth quarter, down from ₹ 2,193.85 crore during the corresponding period last year. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
19-05-2025
- Business
- Mint
Anil Ambani group stock Reliance Power gains 4% on ₹2,000 crore solar power project from Bhutan. Details here
Anil Ambani group stock Reliance Power hogged the limelight in trade on Monday, May 19, after the company announced entering into an agreement with Green Digital Private Limited, owned by the government of Bhutan, to develop the country's largest 500 MW solar power project through a 50:50 joint venture. Following the project win, Reliance Power share price jumped nearly 4% in intraday trade today. Reliance Power, in an exchange filing earlier today, said it has signed a commercial term sheet for a long-term power purchase agreement (PPA) with Green Digital Private Limited (GDL), owned by Druk Holding and Investments Limited (DHI), the investment arm of the Royal Government of Bhutan. Under the agreement, 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 ₹ 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, the Anil Ambani-owned company said in a filing. Reliance Power's total clean energy pipeline stands at 2.5 GWp solar and over 2.5 GWhr BESS, making it India's largest player in the integrated Solar + BESS segment, the company claimed. The project, which will be implemented in phased tranches over the next 24 months, is expected to redefine Bhutan's solar generation capacity, surpassing all current solar installations. '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 said in a filing today. Reliance Power share price rose as much as 3.6% to the day's high of ₹ 46.72 on the BSE today. With today's gains, Reliance Power stock is up almost 16% in May. Meanwhile, in the last one year, the Anil Ambani group stock has gained as much as 77%. According to Anshul Jain, Head of Research at Lakshmishree Investments, RPower is forming a 34-week-long flat base on the weekly charts, showing signs of bullish consolidation. Volume behaviour supports accumulation, with higher volumes on up weeks and lower volumes on down weeks, he said. 'The daily, weekly, and monthly moving averages are aligned positively, reinforcing the bullish structure. A breakout above the resistance level of 48.5 will confirm the pattern and is likely to propel the stock towards the 65 zone in the short term,' Jain added. Disclaimer: This story is for educational purposes only. 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.
