Reliance Power Limited (NSE: RPOWER) emerged among the top 10 gainers, with its stock price surging over 15%. The stock opened at ₹52.48 and climbed to an intraday high of ₹60.25, before quoting at ₹60.13, marking a strong uptrend from the previous close of ₹52.22. The stock had gained 3.55% yesterday.
The day’s Volume Weighted Average Price (VWAP) stood at ₹56.53, reflecting bullish sentiment following the company’s recent solar-plus-storage project win.
Reliance Power Limited, through its subsidiary Reliance NU Energies Private Limited, has secured a major solar-plus-battery energy storage project, marking a strategic leap in its clean energy ambitions.
The 350-MW solar power project, integrated with a 175-MW/700 MWh Battery Energy Storage System (BESS), was awarded by SJVN Limited—a prominent Central Public Sector Enterprise with ‘Navratna’ status.
The Letter of Award was received following a highly competitive bidding process under a larger tender for 1,200 MW of solar and 600 MW/2,400 MWh of battery storage capacity.
The subsidiary won the contract at a fixed tariff of ₹3.33 per kWh for a 25-year term. Notably, the tender saw participation from 19 developers and was oversubscribed by over four times, reflecting strong market appetite for dispatchable renewable energy solutions.
The awarded project includes the deployment of 600 MW of DC solar capacity along with the integrated BESS. Upon completion, this will raise Reliance Power’s total renewable portfolio to 2.4 GW of solar DC capacity and over 2.5 GWh of battery storage making it the largest integrated solar-plus-storage player in India.
The project will be connected to the inter-state transmission system, enabling better grid reliability and power availability across regions. This win demonstrates Reliance Power's capabilities in delivering large-scale renewable projects and aligns with its long-term clean energy strategy.
Reliance Power currently operates a total power generation capacity of 5,305 MW, which includes its flagship 3,960-MW ultra mega power plant operated by Sasan Power Limited. With the company increasingly shifting focus towards green energy, this new project signifies a pivotal step in its energy transition roadmap.
Read More: Waaree Energies Share Price Jumps over 6%; Secures USD 176 Million Solar Module Order for US Market.
With this landmark project win, Reliance Power is cementing its position as a key player in India’s clean energy future. The integration of large-scale battery storage with solar generation underscores the company’s commitment to building a reliable and sustainable power infrastructure.
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Published on: May 30, 2025, 1:43 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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