Reliance Power Ltd.RPOWER₹42.77 +10.66%

Reliance NU Energies, a wholly owned subsidiary of Reliance Power, has won the largest share in a major solar-plus-battery storage tender held by government-owned SJVN. The company secured 350 MW of solar power and 175 MW / 700 MWh of battery energy storage, making it the biggest winner in the auction.

The winning tariff was ₹3.33 per unit, fixed for 25 years. Once built, the project will add 600 MWp of solar capacity and 700 MWh of battery storage to Reliance Power’s portfolio. This win pushes the company’s total clean energy pipeline to 2.5 GW of solar and over 2.5 GWh of storage, the largest such portfolio in India’s Solar + BESS segment.

This marks another big step in Reliance Power’s ongoing shift toward renewable energy. Its 100% subsidiary Reliance NU Suntech, recently signed a 25-year Power Purchase Agreement (PPA) with SECI for Asia’s largest Solar + BESS project. 

Together, these projects signal Reliance Power’s growing focus on clean energy and its ambition to play a leading role in India’s energy transition. 

Over the last 3 years, Reliance Power has given multibagger returns of more than 220%. 

Let’s take a look at its Factor Analysis scores: 

Disclaimer

Investments in securities market are subject to market risks, read all the related documents carefully before investing. This is for informational purposes and should not be considered as recommendations.

Kindly refer to  https://share.market/ for more details.

PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887, and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226. 

Registration granted by SEBI, enlistment as Research Analyst, and Certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors

Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.