Latest news with #RelianceNUEnergies
India.com
5 days ago
- Business
- India.com
Big WIN for Anil Ambani, Reliance Power achieves net profit of Rs 446800000 in…, Company now plans to…
Anil Ambani (File) New Delhi: In a major relief to Anil Ambani, Reliance Power has reported a consolidated net profit of Rs 44.68 crore for the quarter ended June 30, 2025 (Q1FY26), compared to a loss of Rs 98.16 crore in the year-ago period. It is important to note that the revenue from operations stood at Rs 1,885 crore, down 5.35 percent year-on-year. Reliance Power recorded a total income of Rs 2,025 crore, while EBITDA came in at Rs 565 crore. The company serviced total debt of Rs 584 crore in the June quarter. Reliance Power also highlighted that its debt-to-equity ratio stood at 0.43, lowest in the industry. Net worth rose to Rs 16,431 crore as of June 30, 2025. Sasan and Rosa plants: The 3,960 MW Sasan Ultra Mega Power Project in Madhya Pradesh, Reliance Power's flagship project, remained one of the top-performing plants in the country. According to the company, it achieved a high plant load factor (PLF) of around 91 percent. The 1,200 MW Rosa Power Plant in Uttar Pradesh also maintained operational strength, with an availability of around 97 per cent during the quarter. Here are some of the key details: Reliance NU Energies, received a Letter of Award (LoA) from state-run SJVN Limited for a 350 MW ISTS-connected Solar + Battery Energy Storage System (BESS) project. Reliance Power approves Rs 6,000 crore equity raise, Rs 3,000 crore NCD issue The project involves setting up 600 MW of solar DC capacity and 175 MW / 700 MWh of BESS capacity at a tariff of Rs 3.33/kWh through competitive bidding. Reliance Power has emerged as the country's largest player in the solar + BESS segment Reliance Power holds 2.4 GW of solar DC capacity and over 2.5 GWh of BESS capacity. The 3,960 MW Sasan Ultra Mega Power Project in Madhya Pradesh remained one of the top-performing plants in the country. The company achieved a high plant load factor (PLF) of around 91 percent. The 1,200 MW Rosa Power Plant in Uttar Pradesh also maintained operational strength, with an availability of around 97 per cent during the quarter. As per the exchange filing, the Reliance Power board approved 'raising funds up to Rs 6,000 crore through the issuance of equity shares and/or equitylinked instruments and/or other eligible securities to qualified institutional buyers by way of a Qualified Institutions Placement and/or follow-on public offer or a combination thereof.'
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Business Standard
5 days ago
- Business
- Business Standard
Reliance Power Q1FY26 results: Posts ₹44.7 cr profit on lower costs
Reliance Power on Saturday reported a consolidated net profit of Rs 44.68 crore for the quarter ended June 2025-26, as the company trimmed its expenses. It had posted a loss of Rs 97.85 crore in the first quarter of the preceding 2024-25 fiscal, the company said in an exchange filing. The company's total income was Rs 2,025.31 crore against Rs 2,069.18 crore in the year-ago quarter. Reliance Power managed to reduce its expenses to Rs 1,953.01 crore from Rs 2,142.51 crore in the April-June period of the last financial year. In a statement, the company said its net worth stood at Rs 16,431 crore as of June 30, 2025. The company's 1,200 MW Rosa Power Plant in Uttar Pradesh achieved a plant load factor (PLF) of 97 per cent, while its 3,960 MW Sasun Ultra Mega Power Project in Madhya Pradesh achieved 91 per cent PLF in the quarter. Reliance Power subsidiary Reliance NU Energies received a Letter of Award from SJVN Limited for the largest ISTS-connected solar and battery energy storage system (BESS) project. The project has been awarded for 350 MW ca?acity, which will require installation of 600 MW solar DC (direct current) capacity and 175 MW/ 700 MWh of battery energy storage system (BESS) capacity, at a tariff of Rs 3.33/kWh through a competitive bidding process.
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Business Standard
5 days ago
- Business
- Business Standard
Reliance Power Q1FY26 results: PAT of ₹45 cr after reducing expenses
Reliance Power on Saturday reported a consolidated net profit of Rs 44.68 crore for the quarter ended June 2025-26, as the company trimmed its expenses. It had posted a loss of Rs 97.85 crore in the first quarter of the preceding 2024-25 fiscal, the company said in an exchange filing. The company's total income was Rs 2,025.31 crore against Rs 2,069.18 crore in the year-ago quarter. Reliance Power managed to reduce its expenses to Rs 1,953.01 crore from Rs 2,142.51 crore in the April-June period of the last financial year. In a statement, the company said its net worth stood at Rs 16,431 crore as of June 30, 2025. The company's 1,200 MW Rosa Power Plant in Uttar Pradesh achieved a plant load factor (PLF) of 97 per cent, while its 3,960 MW Sasun Ultra Mega Power Project in Madhya Pradesh achieved 91 per cent PLF in the quarter. Reliance Power subsidiary Reliance NU Energies received a Letter of Award from SJVN Limited for the largest ISTS-connected solar and battery energy storage system (BESS) project. The project has been awarded for 350 MW ca?acity, which will require installation of 600 MW solar DC (direct current) capacity and 175 MW/ 700 MWh of battery energy storage system (BESS) capacity, at a tariff of Rs 3.33/kWh through a competitive bidding process. Reliance Power Limited, part of the Reliance Group, is one of India's leading private sector power generation companies. It has an operating portfolio of 5,305 megawatts.
India.com
18-06-2025
- Business
- India.com
Bad news for Anil Ambani as Reliance Power's shares decline by..., lost around 17 per cent of its value in just..., market cap now at Rs...
Bad news for Anil Ambani as Reliance Power's shares decline by..., lost around 17 per cent of its value in just..., market cap now at Rs... Reliance Power's share price dropped by 5 per cent on June 17, closing at Rs. 63.63. This is the fourth day in a row the shares have fallen. In just these four days, the stock has lost around 17 per cent of its value. Earlier, the shares had seen a huge jump, rising 132 per cent in just three months and even touching a high of Rs. 76.49 earlier this month. In the last one month alone, the stock had gone up 70 per cent. But now it looks like investors are taking profits, leading to a drop in prices. The market cap of Reliance Power now stands at Rs 26242 crore, as of June 17. Even with this fall, the stock is still doing much better than last year. On July 23, 2023, the share price was just Rs. 25.75. So right now, it's still about 147 per cent higher than that. So far today, more than 2.1 crore shares have been traded. The P/E ratio of the stock is around 9.40, which tells us how much investors are willing to pay for its earnings. New project win for Reliance Power Subsidiary On May 28, Reliance Power shared some good news. Its subsidiary, Reliance NU Energies, won a big project. The company got a Letter of Award (LOA) to build a 350 MW solar power project that also includes a Battery Energy Storage System (BESS) of 175 MW/700 MWh. This project is under SJVN, a government-owned company. Earlier, Reliance NU Energies had won the bid by offering a price of Rs. 3.33 per unit of electricity for the next 25 years. This project was part of a much larger tender which included 1,200 MW of solar power and 600 MW/2,400 MWh of battery storage. The tender was very popular as 19 companies joined, and 18 reached the final round. This project will add 600 MW of solar power and 700 MWh of battery capacity to Reliance Power's clean energy portfolio. Now, the company has a total pipeline of 2.4 GW of solar power and 2.5 GWh of battery storage, making it the largest company in India working on combined solar and battery storage projects. Reliance Power said that this new project is a major step in its plan to focus more on clean and green energy. It believes this will help the company grow while also supporting India's goal of using more renewable energy in the future.
India Today
02-06-2025
- Business
- India Today
Reliance Power shares surge 8% today, 23% in last week. Should you buy?
Shares of Reliance Power rose nearly 8% on Monday to hit a new one-year high of Rs 62.80. This is the third day in a row that the stock has gone up. Over the past five trading sessions, the stock has gained 23%, showing strong buying share price has seen a steady climb over different time periods. In the last month, it has been up by 54.90%.Over the last six months, it has gone up by 59.92%. The stock has more than doubled in a year with a 141.40% rise. Over the last five years, the rise has been massive; 2,602.61%.WHY IS THE STOCK RISING?The recent gains in Reliance Power's share price come after some major business developments. One of the key triggers was a letter of award (LOA) received by its subsidiary, Reliance NU Energies, from SJVN Ltd, a public sector company. The LOA is for setting up a 350 MW solar power project with a 175 MW/700 MWh battery energy storage system. This project will be connected to the inter-state transmission system (ISTS).Earlier, Reliance Power also entered into a joint venture with Druk Holding and Investments (DHI) of Bhutan. Together, they will build India's largest solar power project worth Rs 2,000 crore. The 500 MW project will be developed through a 50:50 partnership using the Build-Own-Operate (BOO) model. These moves are seen as a shift towards clean energy and have boosted investor EXPERTS WEIGH INSeveral analysts are positive on the stock's trend. Ravi Singh, Senior Vice President of Retail Research at Religare Broking, said the next price target is Rs 65, with a stop loss at Rs Krishan, Senior Analyst at Angel One, noted that Reliance Power has been on a rising trend for the fourth week in a row. He said the momentum may continue and advised using trailing stop losses to protect profits. He believes the Rs 54–52 range could act as a support S Patel, Technical Research Analyst at Anand Rathi, said the stock has support at Rs 60 and faces resistance at Rs 65. If it moves above Rs 65, it could rise to Rs 68. For now, he sees it trading in the Rs 58–68 INDICATORS AND FUNDAMENTALSThe stock is trading above all key moving averages — including the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day and 200-day simple moving averages (SMA). This is usually seen as a positive 14-day Relative Strength Index (RSI) stands at 80.47. An RSI above 70 is considered overbought, which means the stock could see some correction or profit-booking in the short at the financial ratios, the stock has a high price-to-earnings (P/E) ratio of 386.88 and a price-to-book (P/B) ratio of 2.71. The earnings per share (EPS) is at Rs 0.16 and return on equity (RoE) is 0.71. These figures suggest that while the stock is in demand, the valuation remains quite high compared to to data from Trendlyne, the stock has a one-year beta of 1.3. A beta above 1 means the stock is more volatile than the of May 7, 2025, 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.)
