Latest news with #ReliancePower
India.com
2 days ago
- Business
- India.com
From Defence to Green energy deals, how Anil Ambani is quietly reviving his Reliance Group with the help of...
Anil Ambani (File) Anil Ambani has not tasted the same level of professional success as his illustrious older sibling, Mukesh Ambani– Asia's richest man. But the junior Ambani has witnessed a recent turnaround of fortunes, and is quietly, yet steadily reviving his debt-ridden Reliance Group business empire with the help of his two sons, Jai Anmol Ambani and Jai Anshul Ambani. While other conglomerates have moved to sectors like AI and related areas, Anil Ambani has focused on two emerging sectors, green energy and defense, which are a key part of Indian government's Viksit Bharat 2047 vision. Ambani's focused vision has paid off as Reliance Power and Reliance Infrastructure, two of Reliance Group's last remaining profitable companies, are now completely debt-free and churning out profits after years of bankruptcy. Anil Ambani's focus on green energy, defense Reliance Power has several inked major deals this year, including its subsidiary, Reliance NU Energies, securing an allocation of 350 MW of solar generation capacity paired with a 175 MW/700 MWh battery storage system. Reliance NU Suntech, another Reliance Power subsidiary, has 25-year purchase agreement with the Solar Energy Corporation of India (SECI) to build Asia's largest integrated solar and battery storage project, at an investment of up to Rs 10,000 crore, The mega solar power project is aimed to build a 930 MW solar capacity paired with 465 MW/1860 MWh battery storage. Additionally, the Reliance Group has also acquired a Rs 2000 crore contract for a setting up a 500 MW solar project, and a 750 MW hydroelectric project in Bhutan in partnership with Druk Holding. In the defense sector, Reliance Defence, a subsidiary of Reliance Infrastructure, has partnered with German arms maker Rheinmetall AG to manufacture propellants and explosives in Maharashtra's Ratnagiri district. The two partners will set up a factory as part of the proposed 1,000-acre Dhirubhai Ambani Defence City. Earlier, Reliance Defence signed similar deals with French Dassault Aviation and Thales. In a recent statement, Anil Ambani revealed that his goal was to make Reliance Defence among India top three defence exporters. How Anil Ambani made Reliance Infra and Reliance Power debt-free? Last year, Anil Ambani raised Rs 17,600 crore to further reduce the debt burden of his companies. According to media reports, only two listed companies of Anil Ambani's Reliance Group, Reliance Infra and Reliance Power, have managed to become completely debt-free, while most of group's other firms still owe substantial amounts to creditors. Both Reliance Infra and Reliance Power, along with their subsidiaries, started repaying loans in September last year, and are now debt-free, as per reports. Anil Ambani began investing funds into both these companies in August 2024, and funds were raised through Foreign Convertible Currency Bonds (FCCB) and Preferential Issue. Together, Reliance Infra and Reliance Power issued a preferential equity issue worth Rs 4500 crore, apart from raising Rs 7100 crore from Varde Partners via FCCB. Additionally, the two firms also raised Rs 3000 crore each Qualified Institutional Placement (QIP). Anil Ambani's sons powering Reliance Group revival? The remarkable comeback story of Anil Ambani is powered by none other than his two sons, Jai Anmol Ambani, and his younger brother, Jai Anshul Ambani. The two brothers, who joined their father's business when everything was going downhill, have revived the Reliance Group with their sharp business acumen. Jai Anmol and Jai Anshul have taken up leadership roles within the indebted Reliance Group, and have helped the Anil Ambani-led company to secure new deals, and cut down the mammoth debt faced by many of the group's companies. Anil's elder son, Jai Anmol Ambani, attempted a revival of Reliance Capital, but despite his best efforts, could not save the debt-ridden firm from going bust and being taken over Hinduja Group's IndusInd International Holdings Ltd (IIHL), while Jai Anshul Ambani, Anmol's younger sibling is assisting the Reliance Group in two new ventures, Reliance Nippon Life Insurance, and Reliance Capital Asset Management. Notably, both Anil Ambani and his son Jai Anmol have recently stepped from management of Reliance Power and Reliance Power, and even sought declassification as promoter shareholders, though company filing still contain their names.
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).
News18
3 days ago
- Business
- News18
Reliance Power Shares Rise 16% To Hit Fresh 52-week high; Key Points For Investors
Last Updated: Shares of Reliance Power surged nearly 16% to hit a fresh 52-week high of Rs 60.5 on Friday, supported by strong trading volumes on the NSE Reliance Power Share Price: Shares of Reliance Power surged nearly 16% to hit a fresh 52-week high of Rs 60.5 on Friday, supported by strong trading volumes on the NSE. Around 41.81 lakh shares, worth Rs 2,393.4 crore, were traded during the session. As of 2:11 p.m., the stock was up 13.8% at Rs 59.4. Reliance Power has delivered multibagger returns, surging nearly 139% in the past year, over 356% in the past two years, and a staggering 2,900% over the past five years. Its current market cap stands at Rs 23,728 crore. According to the latest shareholding data (as of May 7, 2025), promoters hold 24.98% of the stock, foreign institutional investors (FIIs) 12.87%, mutual funds 0.37%, and institutions 16.1%. Reliance Power Q4 Results For Q4 FY25, Reliance Power reported a consolidated net profit of Rs 126 crore, a sharp turnaround from a loss of Rs 397.56 crore in the same quarter last year, mainly due to a substantial decline in expenses. While quarterly income dipped to Rs 2,066 crore from Rs 2,193.85 crore a year earlier, expenses dropped to Rs 1,998.49 crore from Rs 2,615.15 crore. For the full fiscal year, the company posted a consolidated net profit of Rs 2,947.83 crore, reversing a loss of Rs 2,068.38 crore in FY24. Over the past 12 months, Reliance Power has completed debt servicing of Rs 5,338 crore, including maturity repayments, reducing its debt-to-equity ratio to 0.88:1 in FY25 from 1.61:1 in FY24. Reliance Power shares have an RSI of 69.5, just below the overbought mark of 70, while the MACD is at 2.0 and remains above both the centerline and signal line, indicating continued bullish momentum. The stock is currently trading above all its key moving averages, including the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day SMAs. First Published:
Economic Times
3 days ago
- Business
- Economic Times
Reliance Power shares jump 16% to hit fresh 52-week high amid high volume
Reliance Power Q4 earnings Live Events Reliance Power shares technical indicators (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Reliance Power jumped nearly 16% to a fresh 52-week high of Rs 60.5 on Friday, driven by strong trading volumes on the NSE. Around 41.81 lakh shares worth Rs 2,393.4 crore changed hands during the 2.11 p.m., the stock was trading 13.8% higher at Rs 59.4. Reliance Power also delivered multibagger returns to its investors, as the stock has rallied nearly 139% in the past 12 months. It has also jumped over 356% in the last two years and gained 2,900% in the past five years. Reliance Power has a market cap of Rs 23,728 to the latest shareholding pattern, as of 7 May 2025, 24.98% of the company's shareholding is with the promoters, 12.87% with FIIs, 0.37% with Mutual Funds, and 16.1% with the the January–March quarter of FY25, Reliance Power posted a consolidated net profit of Rs 126 crore, reversing a loss of Rs 397.56 crore in the same period last year. The turnaround was mainly driven by a sharp drop in income declined to Rs 2,066 crore from Rs 2,193.85 crore a year ago, but expenses fell sharply to Rs 1,998.49 crore from Rs 2,615.15 the full fiscal year, the company reported a consolidated net profit of Rs 2,947.83 crore, compared to a loss of Rs 2,068.38 crore in Power completed debt servicing of Rs 5,338 crore over the past 12 months, including maturity repayments. This helped reduce its debt-to-equity ratio to 0.88:1 in FY25 from 1.61:1 in stock's Relative Strength Index (RSI) stands at 69.5, just below the overbought threshold of 70. The MACD is at 2.0 and remains above both the centre and signal line, indicating bullish momentum. Reliance Power shares are currently trading above their 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
