The sustained surge drove Reliance Power to a fresh high of Rs 50.08 and Reliance Infrastructure to Rs 303.70 on the BSE.
In just three days, both counters have gained 15.7%, reflecting strong investor optimism following major positive developments in the group’s renewable energy ventures and infrastructure pipeline.
The successive upper circuits underline renewed confidence in the Reliance Group’s strategic shift toward clean energy and large-scale solar projects.
Reliance Power
Reliance Power’s sharp upswing was triggered by the incorporation of GDL – Reliance Solar Pte Ltd (GRSPL) in Bhutan, a newly formed associate company. GRSPL has been established as a 50:50 joint venture between Green Digital Private Limited (a Bhutanese state-owned enterprise) and Reliance Enterprises Private Limited (REPL), an associate of Reliance Power.
The entity, incorporated under Gelephu Mindfulness City (Special Administrative Region, Bhutan), will operate in the renewable and green energy sector.
Through Reliance Infrastructure’s stake in REPL, Reliance Power indirectly holds 25% in GRSPL, marking a strategic entry into Bhutan’s clean energy landscape.
This expansion is viewed as a significant step in broadening the company’s regional renewable energy footprint, sparking bullish sentiment that propelled the stock into consecutive upper circuits.
Reliance Infrastructure
Reliance Infrastructure’s rally, on the other hand, was powered by a Letter of Award (LOA) from NHPC, one of India’s leading Navratna PSUs, for a 390 MW ISTS-connected solar project integrated with a 780 MWh Battery Energy Storage System (BESS). The project will deliver a total of 700 MWp solar DC capacity plus 780 MWh of storage, significantly enhancing Reliance Group’s renewable energy portfolio.
This addition cements Reliance Infra’s role in making the group India’s largest integrated Solar + BESS player, with a combined pipeline of over 3 GWp solar capacity and 3.5 GWh of storage.
The competitively bid tariff of Rs 3.13/kWh further boosted market sentiment, reinforcing investor belief in the company’s ability to execute large-scale clean energy projects profitably.
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