The share of Anil Ambani’s company Reliance Power rose by about 19% today (23 May) on Friday. The company’s share opened at Rs 45 in early trade and then made a day high of Rs 53.10. However, right now the company’s share is trading at Rs 51.33 with a gain of more than 15%. Actually, 4 days ago, Reliance Power had a deal to build Bhutan’s largest solar power project. This rise in the company’s share is being seen since this news. In the last 5 days, the company’s share has risen by 11%, 18% in one month and 48% in six months. At the same time, the company’s share has risen by about 95% in one year. The company’s market cap is Rs 21.18 thousand crores. Reliance Power will build Bhutan’s largest solar power project. Reliance Power will develop this 500 megawatt (MW) project in a 50:50 joint venture with a Bhutanese company. About Rs 2000 crore will be spent on this. This project will be the largest private sector foreign direct investment (FDI) in Bhutan’s solar sector so far. Reliance Power has signed a term sheet with Green Digital Private Limited (GDL), owned by Bhutan’s company Druk Holding and Investments Limited (DHI). The project will be completed in a phased manner in the next 24 months. Electricity will be sold to Green Digital The company said in a statement, ‘Reliance Power’s total clean energy pipeline in the solar segment is at 2.5 gigawatt peak (GWp), making it India’s largest company in the integrated solar and battery energy storage system (BESS) segment. The company said that the electricity will be sold to Green Digital through a long-term agreement. Reliance Power has started searching for contractors through a competitive bidding process to start work on the project. Recently, the subsidiary company received a solar energy order. Reliance Power’s subsidiary Reliance NU Energies recently won the largest allocation in SJVN’s tariff-based competitive bidding process. The company received an allocation of 175 MW/700 MWh battery energy storage system along with 350 MW solar generation capacity. The competitive bidding process of government company SJVN Limited is a structured and transparent method. It is used to procure goods, services or select developers for renewable energy projects such as solar, wind-solar hybrid or hydropower projects. Reliance Power earns ?126 crore profit in the fourth quarter. The company reported a consolidated net profit of ?126 crore for the January-March quarter of FY25. In the same quarter last year, the company suffered a loss of ?397.56 crore. The company’s profit has increased due to reduction in expenses. Total income during the quarter declined to Rs 2,066 crore as against Rs 2,193.85 crore in the same period last year. However, a sharp reduction in total expenses to Rs 1,998.49 crore from Rs 2,615.15 crore helped the company turn in a profit. Reliance Power is part of the Anil Ambani-led group Reliance Power is a leading company in the power generation and distribution sector. It is part of the Anil Ambani-led Reliance Group. Its portfolio includes thermal (coal and gas), renewable (solar, wind and hydro) and battery energy storage systems (BESS).
