Mumbai, November 12 (Udaipur Kiran): Shares of Reliance Power edged higher on Tuesday after its wholly-owned subsidiary, Reliance NU Energies, secured a 750 MW/3,000 MWh Firm and Dispatchable Renewable Energy (FDRE) project from SJVN. The stock was trading at Rs. 41.31, up by 0.44% from its previous close of Rs. 41.13 on the BSE.
The scrip opened at Rs. 40.70 and touched an intraday high of Rs. 41.75 and a low of Rs. 39.95, with over 59.9 lakh shares changing hands. The company’s market capitalisation currently stands at Rs. 16,882.22 crore.
Reliance Power’s 52-week high is Rs. 76.49 (recorded on June 11, 2025), while its 52-week low stands at Rs. 31.30 (recorded on March 3, 2025). The promoters hold 24.98% stake in the company, with institutional investors owning 16.82% and non-institutional shareholders 58.18%.
The newly secured FDRE project will deliver dispatchable renewable peaking power to DISCOMs through a hybrid configuration comprising around 900 MWp of solar generation integrated with over 3,000 MWh of battery energy storage system (BESS) capacity. A 750 MW/3,000 MWh system enables battery energy to provide power backup for up to two hours, ensuring grid stability and reliability.
With this win, the Reliance Group’s renewable portfolio now exceeds 4 GWp of solar capacity and 6.5 GWh of BESS capacity across four ongoing tenders in various stages of development and execution.
Reliance Power, part of the Reliance ADA Group, focuses on developing, constructing, and operating power projects across India and internationally, with a growing emphasis on sustainable and clean energy solutions.
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.