Reliance Power share price is in focus today on July 1, 2026. The stock has rallied over 18% from its previous close of ₹24.84 after the company announced its foray into artificial intelligence (AI) and allied new-age technologies through its subsidiaries. The stock also witnessed a 5.93x spike in trading volume on the BSE.
Reliance Power informed the exchanges that it has undertaken enabling steps through its subsidiaries to participate in the rapidly evolving field of artificial intelligence (AI) and allied new-age technologies.
According to the company, the initiative is aimed at incorporating AI and technology-driven activities into its business framework.
As part of the initiative, Reliance Power has amended the objects of certain subsidiaries to include artificial intelligence and technology-enabled services.
The company has also approved new names for these subsidiaries, including:
Reliance AI Green Power Private Limited
Reliance AI Power Private Limited
Reliance AI Data Control Private Limited
Reliance AI Data C Private Limited
The changes are intended to support the company's participation in AI-related business activities.
Read More: Reliance Power Q4 FY26 Results: Reported ₹494 Crore Net Loss, Plans ₹9,000 Crore Fund Raise
As of July 1, 2026, at 12:27 PM, Reliance Power share price was trading at around ₹28.35 per share on the NSE. It opened at ₹25.14 on the NSE and touched an intraday high of ₹29.40 and a low of ₹24.97.
The company's market capitalisation stood at ₹11,737.32 crore.
Over the past 3 months, Reliance Power share price has gained nearly 30%, outperforming the Sensex, which has risen around 5% during the same period.
Reliance Power has announced its foray into artificial intelligence (AI) and allied new-age technologies by expanding the scope of activities of its subsidiaries and renaming them to reflect their AI focus. Following the announcement, Reliance Power share price gained momentum, accompanied by a significant spike in trading volumes.
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Published on: Jul 1, 2026, 12:42 PM IST
Rakesh Deshmukh
Rakesh Deshmukh is a financial content specialist with around 3 years of experience writing impactful content across equities, mutual funds, IPOs, and personal finance. At Angel One, he decodes real-time market trends and breaking news, helping investors and traders stay updated. He also helps investors make informed decisions by simplifying market fundamentals and technical analysis. He holds a bachelor’s degree in commerce.
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