Reliance Power Share Price Today: Mega Order For Anil Ambani Company - Check Details

Reliance Power Limited, through its subsidiary Reliance NU Suntech, has clinched a significant milestone by securing the Letter of Award (LoA) from the Solar Energy Corporation of India (SECI). The award is for the development of a 930 MW solar energy project coupled with a 465 MW/1860 MWh Battery Energy Storage System (BESS), marking India’s largest integrated solar and battery project.

The project, achieved through a competitive e-reverse auction on December 9, 2024, represents a transformative step for India's renewable energy sector. It will deploy Asia’s largest grid storage battery system outside China, emphasizing the growing technological advancements in the country’s clean energy initiatives.

Peak Power Reliability at Competitive Tariffs
One of the key highlights of the project is its ability to provide a reliable power supply during peak hours. The project guarantees four hours of daily peak power, addressing a critical gap for Distribution Companies (DISCOMs) that have historically relied on expensive peak-hour electricity, capped at INR 10 per unit.
This development is expected to significantly reduce the financial burden on DISCOMs while ensuring uninterrupted power supply during high-demand periods.

Build-Operate Model and Long-Term Agreement
The project will be executed on a build-own-operate basis, with Reliance NU Suntech entering a 25-year power purchase agreement (PPA) with SECI. The solar power generated will be distributed to multiple DISCOMs across India, solidifying its impact on the nation’s renewable energy framework.

Reliance NU Suntech’s victory is part of SECI’s ambitious tender for 2,000 MW of Inter-State Transmission System (ISTS)-connected solar projects, which include 1,000 MW/4,000 MWh of energy storage systems. Reliance NU Suntech secured the largest individual allocation, reaffirming its leadership in India’s renewable energy sector.

According to the company, the project will further cement solar with BESS as a cost-effective and efficient alternative to traditional renewable energy sources. It highlights Reliance Power’s commitment to advancing India’s energy independence.

Reliance Power Share price today

As of 11:10 AM, the stock is trading at Rs 46.20, down by 0.53 points (-1.13%) from its previous close, after opening today at Rs 46.86. The company's market capitalization stands at Rs 18,558.41 crore.

Reliance Power Share price history 
Over the last decade, the stock has declined by 25.47%, but its performance in recent years has been remarkable, with a 1,270.83% rise over the past five years, 251.60% over the last three years, and 191.52% over the past two years. In the short term, the stock has gained 4.59% in the last week, 39.66% over the last three months, and 48.77% over the last six months.

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