Stock Gains 0.55% on BSE; Company to Develop Asia’s Largest Solar-Battery Project with ₹10,000 Crore Investment
MUMBAI, May 3, 2025 — Shares of Reliance Power Ltd. edged higher today after its subsidiary, Reliance NU Suntech, signed a 25-year long-term Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI). The agreement covers the supply of 930 MW of solar power integrated with a 465 MW/1,860 MWh Battery Energy Storage System (BESS), marking a major milestone in India’s renewable energy sector.
Stock Performance and Market Data
Current Price: ₹40.20, up by ₹0.22 or 0.55% from the previous close of ₹39.98
Day’s Range: ₹40.14 – ₹41.54
Opening Price: ₹40.75
52-Week Range: High ₹54.25 (Oct 4, 2024), Low ₹23.26 (Jun 5, 2024)
Market Capitalization: ₹16,176.34 crore
Promoter Holding: 23.26%
Institutional Holding: 16.50%
Non-Institutional Holding: 60.24%
A total of 4,766,401 shares were traded on the counter today on the BSE.
Project Highlights and Strategic Impact
The PPA was finalized at a fixed tariff of ₹3.53 per kWh, positioning it as a cost-effective solution aligned with India’s push for affordable renewable energy. To meet the contracted capacity, the project will install over 1,700 MWp of solar generation capacity.
In a bold move, Reliance NU Suntech announced it will develop Asia’s largest single-location integrated solar and BESS project, expected to be commissioned within 24 months. The project will involve a capital investment of up to ₹10,000 crore, underscoring the company’s commitment to large-scale, sustainable energy infrastructure.
Strategic Vision and National Goals
This development aligns closely with India’s broader clean energy transition targets, including its pledge to achieve 500 GW of non-fossil fuel capacity by 2030. By entering into this agreement with SECI, Reliance Power positions itself at the forefront of India’s energy transformation.
The project’s scalability, long-term revenue visibility, and strategic alignment with national sustainability goals enhance Reliance Power’s reputation as a leading private sector player in the green energy space.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
