Reliance Power Share Price Jumps 6%, Hits 52-Week High on June 2 — Here's Why

Reliance Power Limited, a key player in India's private sector power generation space, has seen a sharp surge in its share price. On Monday, June 2, 2025, the Reliance Power share price rose nearly 6% by 10:29 AM. 

The stock, part of the Anil Ambani-led group, is on a 3-day winning streak and has soared 45% in May. This rally aligns with a major development involving Reliance NU Energies Private Limited, a subsidiary of Reliance Power, which secured a significant solar and battery storage project from SJVN Limited. 

Reliance Power Share Price Hits 52-Week High 

The Reliance Power share price has gained strong momentum, registering a 6% increase on June 2. The stock has now advanced for 3 consecutive trading sessions. This recent upward movement is part of a broader trend that saw the stock surge by 45% in May. The gains reflect growing investor confidence driven by the company’s shift toward renewable energy and strategic project wins.

Reliance NU Energies Wins Large-Scale Solar and Battery Project

Reliance NU Energies, a wholly owned subsidiary of Reliance Power, has received a Letter of Award from SJVN Limited for a 350 MW solar power project with a 175 MW/700 MWh battery energy storage system. This project is connected through the interstate transmission system. Once operational, the development will add 600 MW of solar DC and 700 MWh of energy storage capacity to Reliance Power’s clean energy portfolio.

India’s Largest Integrated Solar and Storage Player

With the new addition, Reliance Power’s clean energy pipeline now stands at 2.4 GW of solar DC capacity and over 2.5 GWh of battery storage capacity. This makes the company India’s largest participant in the integrated solar and battery segment. The project was secured at a fixed tariff of ₹3.33 per unit for a 25-year term. The win followed a competitive bidding process involving 18 qualified bidders in a highly oversubscribed 1,200 MW solar and 600 MW/2,400 MWh storage tender.

Strategic Shift Toward Renewable Energy

This development is part of Reliance Power’s broader strategy to transition from conventional to renewable energy. The company aims to contribute meaningfully to India’s sustainable power future while creating long-term value for stakeholders. The addition of solar and battery capacity positions Reliance Power at the forefront of the energy transition.

Background of Reliance Power and Sasan Power Plant

Reliance Power, under the Reliance Group, operates a total of 5,305 MW of power generation capacity. A major part of this is contributed by Sasan Power Limited, a 3,960 MW coal-based project that ranks as the world’s largest integrated power plant of its kind. Notably, Sasan Power has been recognised as India’s best performing power plant for seven consecutive years.

Read More: Reliance Power Shares Hit 52-Wk High; Up for 2nd Straight Day After Solar Order Win. 

Conclusion 

The recent rally in Reliance Power's share price highlights investor optimism driven by its clean energy push. Securing large-scale solar and battery projects strengthens its renewable portfolio.

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