Reliance Power zooms 19% in three sessions to 52-week high; what’s driving the rally of this Anil Ambani Group stock?

Shares of Reliance Power rallied nearly 12% in intraday trade Tuesday, in an otherwise weak broader market, driven by a spurt in buying activities. The Anil Ambani group stock has maintained the uptrend for three sessions, adding nearly 19%.

Early Tuesday, Reliance Power’s shares opened at ₹65.56, up 1.56% against the previous closing price of ₹64.55 on the BSE. Extending opening gains, the mid-cap power stock surged as much as 11.94% to hit a fresh 52-week high of ₹72.26, while its market capitalisation climbed to ₹29,500 crore. The counter saw strong volume as more than six crore shares changed hand over the counter compared to a two-week average of 3.17 crore shares.

The Reliance Power share price reported a growth of 186% in the past year, rebounding from its 52-week low of ₹25.25 touched on June 10, 2025. The counter has risen 59% in the past six months, while it surged nearly 67% in a month.

What’s behind the recent rally in Reliance Power shares?

The recent rally in Reliance Power shares can be attributed to a strong financial turnaround, equity infusion, and new orders. For the March quarter of FY25, the company posted a consolidated net profit of ₹126 crore, a substantial turnaround from a net loss of ₹398 crore in the corresponding quarter last year. Adding to it, the power company raised ₹348 crore via preferential allotments, while it secured major solar- battery energy storage system (BESS) projects.

Last month, the company’s subsidiary bagged a solar power project from SJVN Limited, a navratna central public sector enterprise. Reliance NU Energies, a subsidiary of the company, on May 28 received the letter of award (LOA) from SJVN for a 350 mega watt (MW) inter-state transmission system (ISTS)-connected solar power project coupled with a 175 MW/700 MWh BESS.

“Once commissioned, the platform will add 600 MW of solar DC capacity, and 700 MWh of BESS capacity to Reliance Power’s portfolio, consolidating its leadership in new energy solutions,” Reliance Power said in a BSE filing on May 28.   

According to the company, its total clean energy pipeline now stands at 2.4 gigawatts (GW) of Solar DC capacity and over 2.5 gigawatt-hours (GWh) of BESS capacity, making it India’s largest player in the integrated Solar + BESS segment.

Reliance NU Energies had earlier emerged as the successful bidder in the competitive auction conducted by SJVN, securing the project at a fixed tariff of ₹3.33/kWh for a period of 25 years. The project was part of a larger 1,200 MW solar + 600 MW/2,400 MWh BESS tender, which attracted participation from 19 developers, with 18 qualifying for the final e-reverse auction.

Reliance Power, part of the Anil Ambani-led Reliance Group, has an operating portfolio of 5,305 megawatts, including 3,960 megawatts Sasan Power Limited, one of the leading integrated coal-based power plant.

In a separate development, Reliance Power last month partnered with Bhutan's Druk Holding and Investments (DHI) to develop Bhutan's largest solar power project in a ₹2,000 crore joint venture. This project, with a capacity of 500 MW, will be a 50:50 joint venture between Reliance Power and DHI. This is claimed to be the largest private sector foreign direct investment (FDI) in Bhutan’s solar energy sector to date.

Reliance Power, part of the Anil Ambani-led Reliance Group, has an operating portfolio of 5,305 megawatts, including 3,960 megawatts Sasan Power Limited, one of the leading integrated coal based power plant.

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