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Reliance Power Ltd. witnessed a notable surge in its share price on June 2 ,2025 , rising by over 7% intraday to hit a 52-week high of ₹62.24 on the BSE. The positive momentum was driven by news that the company’s clean energy arm, Reliance NU Energies, has been awarded a Letter of Award (LoA) from public sector utility SJVN Ltd.
Reliance NU Energies has been awarded a Letter of Award (LoA) from SJVN, a Navratna PSU, to develop an ISTS-connected 600 MWp solar (DC) capacity, which corresponds to approximately 350 MW AC, solar power project with an integrated 175 MW/700 MWh battery energy storage system (BESS). (Note: 175 MW power capacity with 4 hours of storage, totaling 700 MWh). The project will operate at a fixed tariff of ₹3.33 per unit for a 25-year term.
This award is part of SJVN’s broader tender initiative of 1,200 MW solar and 600 MW BESS capacity, which attracted widespread participation and was oversubscribed by over 4x, highlighting growing interest in dispatchable renewable energy assets.
Recent market activity followed the announcement of a clean energy contract; investors responded with increased trading volumes.
Performance Metric |
Value |
|---|---|
Current Price (BSE) |
₹62.24 |
Daily Gain |
+7.13% |
Weekly Gain |
+21% |
Monthly Gain |
+53% |
Year-to-Date (YTD) |
+38% |
1-Year Return |
+151% |
3-Year Return |
+361.11% |
5-Year Return |
+2,800% |
These historical figures show notable stock price changes over various timeframes. Past performance may or may not be sustained in the future. The securities quoted are for illustration only and are not recommendatory.
With this new project, Reliance Power now manages 2.4 GW of solar capacity and more than 2.5 GWh of battery storage assets, making it a significant player in India’s clean energy transition. This focus aligns with India’s national energy goals and global climate commitments.
In its March 2025 quarter, Reliance Power posted a net profit of ₹126 Crores, marking a sharp reversal from a loss of ₹398 Crores in the same period last year. For FY25, the company recorded a full-year profit of ₹2,947.83 Crores, up from a loss of ₹2,068.38 Crores in FY24. This improvement was driven by cost efficiencies and operational streamlining.
Contract Win: 600 MWp solar (approx. 350 MW AC) + 175 MW/700 MWh BESS from SJVN at ₹3.33/kWh.
Stock Surge: Hit ₹62.24, gaining over 7% intraday and 53% in a month.
Strategic Focus: Expanding clean energy footprint with long-term PPA visibility.
Financial Turnaround: FY25 profits underscore improving fundamentals.
Reliance Power’s shift toward sustainable infrastructure is gaining momentum. The latest project win from SJVN adds scale and credibility to its renewable portfolio, while the company’s recent profit turnaround signals a stronger financial base. The company’s recent strategic initiatives coincide with increased trading activity and investor interest.
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Sources
Economic Times — Reliance Power shares rally 5% to hit fresh 52-week high amid volume surge and clean energy order win
https://economictimes.indiatimes.com/markets/stocks/news/reliance-power-shares-rally-5-to-hit-fresh-52-week-high-amid-volume-surge-and-clean-energy-order-win/articleshow/121562646.cms
LiveMint — Reliance Power share price: Anil Ambani-owned ADAG stock hits 52-week high after order from THIS Navratna PSU
https://www.livemint.com/market/stock-market-news/reliance-power-share-price-anil-ambani-owned-adag-stock-hits-52-week-high-after-order-from-this-navratna-psu-11748611399528.html
Outlook Business — Reliance NU Energies Gets Letter of Award for 350 MW Solar Project From SJVN
https://www.outlookbusiness.com/corporate/reliance-nu-energies-gets-letter-of-award-for-350-mw-solar-project-from-sjvn
PowerLine — Reliance Power bags LoA for 350 MW solar project with 700 MWh BESS https://powerline.net.in/2025/05/30/reliance-power-bags-loa-for-350-mw-solar-project-with-700-mwh-bess/
Times of India — R-Power arm bags 350 MW solar-battery storage project from SJVN
https://timesofindia.indiatimes.com/business/india-business/r-power-arm-bags-350-mw-solar-battery-storage-project-from-sjvn/articleshow/121118110.cms
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Posted on 05 Jun
Geetanjali Lachke
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