Reliance Power share pricegained nearly 5% in intraday trade on Tuesday after the company announced its entry into the fast-growing artificial intelligence (AI) sector. The Anil Ambani-led company informed exchanges that it has taken strategic steps through its subsidiaries to incorporate AI and technology-driven activities into its business framework, marking its foray into one of the world's fastest-growing industries.
The announcement boosted investor sentiment despite the company's weak recent financial performance, with the stock emerging among the top gainers during the trading session.
In a regulatory filing, Reliance Power said it has undertaken "certain enabling steps" through its subsidiaries to participate in the rapidly evolving AI and allied technology space.
As part of the initiative, the company has amended the objects of its subsidiaries to include AI and technology-enabled services. It has also renamed four subsidiaries to reflect their new focus:
The company, however, did not disclose specific investment plans, business strategies, or timelines for its AI initiatives.
Following the announcement, Reliance Power share price surged as much as 4.8% to an intraday high of ₹25.30 on the NSE. Around 11:32 AM, the stock was trading 3.07% higher at ₹24.88 apiece.
Despite Tuesday's rally, the stock has remained under pressure over the past few months. It has declined around 4% in the past week, 10% over the last month, and more than 28% on a year-to-date basis.
The stock had touched its 52-week high of ₹70.90 on July 1, 2025, while its 52-week low stood at ₹20.17 on March 30, 2026.
Reliance Power reported a consolidated net loss of ₹494 crore for the fourth quarter of FY26, compared with a net profit of ₹125.57 crore in the corresponding quarter last year.
Revenue from operations also declined to ₹1,887.26 crore from ₹1,978.01 crore in Q4 FY25. As of June 30, 2026, the company had a market capitalisation of ₹10,264.98 crore.
The announcement of its AI foray has brought Reliance Power share price back into investors' focus, highlighting the company's efforts to diversify beyond its traditional power business. While the move signals an ambition to tap emerging technology opportunities, investors are likely to watch for concrete business plans, investments, and execution milestones. At the same time, the company's financial performance and ability to return to sustainable profitability will remain key factors influencing the stock's long-term outlook.
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Published on: Jun 30, 2026, 11:57 AM IST
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