Latest news with #RelianceNUEnergies
Hindustan Times
3 days ago
- Business
- Hindustan Times
Why is Reliance power share rising? Reasons behind the sudden surge
Shares of Reliance Power Ltd soared on Friday, hitting a 52-week high of ₹59.75 on both the NSE and BSE, driven by a confluence of strong financial results, a major renewable energy contract win, and growing investor optimism in the company's clean energy strategy. The stock, at market closing on Friday, was trading at ₹58.09 on the NSE, 11.24% up from the previous day. It outperformed both the indices - Sensex and Nifty - which ended the day in red. The stock has now gained nearly 30% in May alone and over 140% in the past 12 months, reflecting a resurgent investor sentiment. The primary catalyst behind Friday's rally is the announcement made by the company on May 28, post market hours, that its subsidiary Reliance NU Energies received a Letter of Award (LoA) from SJVN for a 350 MW solar power project integrated with a 175 MW/700 MWh Battery Energy Storage System (BESS). The project, which is part of a larger 1,200 MW solar and 600 MW/2,400 MWh BESS tender, was highly competitive, with participation from 19 developers and oversubscription by over 4 times, underscoring the sector's strong growth potential. Reliance NU Energies secured the project at a fixed tariff of ₹3.33/kWh for 25 years. Once commissioned, this project will add 600 MW of solar DC capacity and 700 MWh of BESS capacity to Reliance Power's renewable portfolio. The company now boasts a clean energy pipeline of 2.4 GW of Solar DC and over 2.5 GWh of BESS capacity, positioning it as India's largest player in the integrated Solar and BESS segment. The stock's rally is also supported by a significant turnaround in the company's financial performance. For Q4 FY25, Reliance Power posted a consolidated net profit of ₹126 crore, compared to a loss of ₹397.56 crore in the same quarter a year earlier. The improvement came despite a slight dip in total income, largely due to substantially lower expenses, which fell from ₹2,615.15 crore to ₹1,998.49 crore. For the full FY25 fiscal, the company recorded a consolidated net profit of ₹2,947.83 crore, a stark contrast to a loss of ₹2,068.38 crore in FY24. It also completed debt servicing of ₹5,338 crore over the past 12 months, and improved its debt-to-equity ratio from 1.61:1 to 0.88:1, reflecting stronger financial health.
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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).
Business Upturn
3 days ago
- Business
- Business Upturn
Reliance Power shares jump 3% to hit 52-week high
By Aditya Bhagchandani Published on May 30, 2025, 10:16 IST Shares of Reliance Power Ltd surged over 3% to ₹53.85 in morning trade on May 30, marking a fresh 52-week high of ₹55.10, following a significant project win announcement by its subsidiary. The rally came after Reliance NU Energies, a subsidiary of Reliance Power, received a letter of award from state-run SJVN for developing a 350 MW solar power project integrated with a 175 MW/700 MWh Battery Energy Storage System (BESS). The project was awarded at a fixed tariff of ₹3.33/kWh for 25 years. According to the company, the project will contribute an additional 600 MW of Solar DC capacity and 700 MWh of BESS to its portfolio. With this addition, Reliance Power's clean energy pipeline now stands at 2.4 GW of Solar DC capacity and over 2.5 GWh of BESS capacity, making it the largest player in India in the integrated solar and battery energy storage segment. This development is seen as a strategic leap for the company as it accelerates its transition toward new energy solutions and sustainable power generation. 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.
United News of India
4 days ago
- Business
- United News of India
Reliance NU Energies Pvt Ltd receives LOA from SJVN
Mumbai, May 29 (UNI) Reliance Power, subsidiary Reliance NU Energies Private Limited (Reliance NU Energies) has received a Letter of Award (LOA) from Satluj Jal Vidyut Nigam Limited (SJVN), Indian Public sector undertaking 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). 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, making it India's largest player in the integrated Solar + BESS segment, a company release said. 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 Rs 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 tender was oversubscribed by more than 4 times, reflecting heightened industry interest in dispatchable renewable energy solutions, it added. UNI JS-NV BM
India.com
4 days ago
- Business
- India.com
Big win for Anil Ambani, this company receives letter of award for project of…, from…
Anil Ambani Reliance Power announced on Wednesday that its subsidiary, Reliance NU Energies, has secured a letter of award from SJVN for a 350 MW solar power project integrated with a 175 MW/700 MWh Battery Energy Storage System (BESS). Once completed, the project will enhance Reliance Power's portfolio with an additional 600 MW of solar DC capacity and 700 MWh of BESS capacity will make it a leader in new energy solutions, according to a company statement. 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, making it India's largest player in the integrated Solar and BESS segment, it stated. 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 Rs 3.33/kWh for a period of 25 years. The project was part of a larger 1,200 MW solar and 600 MW/2,400 MWh BESS tender, which attracted participation from 19 developers, with 18 qualifying for the final e-reverse auction. The tender was oversubscribed by more than 4 times, reflecting heightened industry interest in dispatchable renewable energy solutions. The company has an operating portfolio of 5,305 megawatts, that includes 3,960 megawatts Sasan Power Ltd — world's largest integrated coal based power plant. (With Inputs From PTI)
