Mumbai, May 13, 2025 — Shares of Reliance Power Ltd. rallied by 11.13% to ₹42.95 on the BSE after its renewable energy arm, Reliance NU Energies, secured the largest allocation in SJVN’s competitive solar-plus-battery tender. The company’s win underscores a major stride in its strategic shift toward clean energy and positions it as a leader in India’s integrated Solar + Battery Energy Storage System (BESS) market.
📈 Stock Performance Highlights
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Current Price: ₹42.95
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Previous Close: ₹38.65
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Day’s High/Low: ₹43.50 / ₹41.25
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52-Week High: ₹54.25 (October 4, 2024)
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52-Week Low: ₹23.26 (June 5, 2024)
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Market Cap: ₹17,524.62 crore
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Volume Traded: 1.02 crore shares
Promoter holding stands at 23.26%, while institutions and public investors own 16.50% and 60.24%, respectively.
🔋 Project Overview: India’s Largest Solar + BESS Win
Reliance NU Energies secured an allocation of:
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350 MW of Solar PV capacity
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175 MW / 700 MWh of battery energy storage
This was the largest allocation in SJVN’s 1,200 MW solar + 600 MW / 2,400 MWh BESS Inter-State Transmission System (ISTS) connected tender. The competitive tariff of ₹3.33/kWh is fixed for 25 years, making it one of the lowest in the industry for dispatchable renewable energy.
The project will add:
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600 MWp of installed solar capacity
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700 MWh of BESS capacity
to Reliance Power’s expanding green energy portfolio.
🌱 Reliance Power’s Clean Energy Expansion
With this win, Reliance Power’s clean energy pipeline now stands at:
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2.5 GWp of solar capacity
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>2.5 GWh of BESS capacity
This cements its position as India’s largest integrated Solar + BESS player, and is in line with the company’s strategy to lead the country’s energy transition.
🏗️ Tender Details and Industry Impact
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The ISTS-connected tender was floated by SJVN, a Navratna PSU, and attracted 19 participants, with 18 qualifying for the reverse auction.
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The bid was oversubscribed by over 4 times, indicating strong industry appetite for hybrid renewable projects that ensure dispatchable, grid-stable power.
The Letter of Award (LoA) is currently awaited, post which the project development timeline will begin.
⚡ About Reliance Power
Reliance Power Ltd., part of the Reliance ADA Group, is engaged in developing, constructing, and operating power projects across India and abroad. With its growing focus on renewables and energy storage, the company is now aligning with India’s long-term clean energy vision.
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.