Reliance Power Slips 2% on May 26 After Friday's 16% Surge: What's Behind the Share Price Movement?

Reliance Power Limited's stock was trading at ₹50.94, down 1.85% or ₹0.96 from its previous close of ₹51.90. The stock opened higher at ₹52.90 and touched an intraday high of ₹55.10 before slipping to a low of ₹50.39.

The volume-weighted average price (VWAP) stood at ₹52.35, indicating active trading and some profit booking following Friday’s sharp 16% rally.

Reliance Power and Bhutan's DHI Join Forces for Major Solar Project

In a recent development, Reliance Power has entered into a strategic joint venture with Bhutan's Druk Holding and Investments (DHI) to build India's largest solar power project. The ambitious ₹2,000 crore initiative will involve the development of a 500 megawatt (MW) solar plant under a 50:50 partnership.

The project will follow a Build-Own-Operate (BOO) model, reflecting a long-term commitment from both partners.

Boost to Renewable Ambitions and Regional Ties

This significant investment highlights Reliance Group’s growing emphasis on expanding its renewable energy footprint.

The company noted that this venture not only supports its clean energy goals but also strengthens bilateral economic relations between India and Bhutan. With a solar capacity pipeline of 2.5 gigawatts peak (GWp), Reliance Power has positioned itself as the largest player in India's integrated solar and Battery Energy Storage System (BESS) market.

Read More: Reliance Power Share Price Jumped Nearly 19% on Solar JV with Bhutan and Q4 FY25 Earnings.

Conclusion

Reliance Power's recent stock dip reflects typical market dynamics following a sharp rally, as investors lock in gains. However, the company's strategic joint venture with Bhutan’s DHI signals strong growth prospects in the renewable energy space. With a robust solar and BESS pipeline, Reliance Power is not only deepening its clean energy focus but also strengthening its international partnerships. Investors may watch for long-term value as the company expands its green energy footprint, despite short-term market fluctuations.

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