Reliance Power Limited has announced that its wholly owned subsidiary, Reliance NU Energies Private Limited, has received a Letter of Award (LOA) from SJVN Limited for the largest allocation in India’s first 1,500 MW / 6,000 MWh Firm and Dispatchable Renewable Energy (FDRE) ISTS tender.
The company secured 750 MW / 3,000 MWh capacity, representing 50% of the total tender, making Reliance Group India’s largest Solar + Battery Energy Storage System (BESS) developer.
The LOA, awarded on November 10, 2025, positions Reliance NU Energies as the top bidder in the competitive online auction process conducted by SJVN Limited, a leading Navratna enterprise.
The tender, oversubscribed by 3.3 times, saw participation from 14 qualified bidders. The project will deliver renewable peaking power through an integrated configuration of 900 MWp solar capacity and over 3,000 MWh BESS, supplying round-the-clock clean energy to distribution companies (DISCOMs) nationwide.
Reliance NU Energies achieved a winning tariff of ₹6.74 per kWh, establishing a new benchmark in India’s renewable energy market. The project exemplifies India’s shift towards hybrid and storage-backed renewable power, marking a critical step in realising the nation’s 500 GW non-fossil fuel target by 2030.
With this win, Reliance Group’s cumulative renewable energy portfolio now exceeds 4 GWp of solar capacity and 6.5 GWh of BESS under various tenders secured within just 10 months.
Read More: SJVN Q2 FY26 Earnings Results: Profit Falls 30% to ₹308 Crore; Board Approves ₹1,000 Crore Fundraise!
Reliance Power Limited, part of the Reliance Group, operates one of India’s largest private sector power portfolios, totalling 5,305 MW. This includes the 3,960 MW Sasan Power project, recognised as the world’s largest integrated coal-based power plant. The company continues to strengthen its renewable energy pipeline as part of its strategic shift towards sustainable and technology-driven power generation.
On November 11, 2025, Reliance Power share price opened at ₹41.00 on NSE, below the previous close of ₹41.10. During the day, it surged to ₹41.73 and dipped to ₹40.02. The stock is trading at ₹40.33 as of 9:19 AM. The stock registered a decline of 1.87%.
Over the past week, it has declined by 0.96%, over the past month, it has declined by 12.74%, and over the past 3 months, it has declined by 7.96%.
Reliance NU Energies’ 750 MW FDRE win solidifies the Reliance Group’s leadership in India’s solar and energy storage sector. With over 4 GWp of solar and 6.5 GWh BESS capacity in progress, the company is at the forefront of India’s renewable revolution, contributing significantly to the country’s green growth and energy resilience goals.
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Published on: Nov 11, 2025, 1:59 PM IST
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