Reliance Power gains as its arm inks 25-year long-term power purchase agreement with SECI

Reliance Power Ltd. | Power Generation/Distribution | Power | BSE: 532939 | NSE: RPOWER

02 May 2025 Evaluate

Reliance Power is currently trading at Rs. 40.20, up by 0.22 points or 0.55% from its previous closing of Rs. 39.98 on the BSE.

The scrip opened at Rs. 40.75 and has touched a high and low of Rs. 41.54 and Rs. 40.14 respectively. So far 4766401 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 54.25 on 04-Oct-2024 and a 52 week low of Rs. 23.26 on 05-Jun-2024.

Last one week high and low of the scrip stood at Rs. 44.94 and Rs. 39.62 respectively. The current market cap of the company is Rs. 16176.34 crore.

The promoters holding in the company stood at 23.26%, while Institutions and Non-Institutions held 16.50% and 60.24% respectively.

Reliance Power’s subsidiary -- Reliance NU Suntech has signed 25-year long-term Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for supply of 930 MW of solar power integrated with 465 MW/1,860 MWh Battery Energy Storage System (BESS), at a competitive fixed tariff of Rs 3.53 per kWh. To achieve the contracted capacity of 930 MW, the project will deploy more than 1,700 MWp of installed solar generation capacity. This agreement represents a significant step in the company’s long-term strategy to lead India’s transition to sustainable, low-cost energy solutions.

Further, Reliance NU Suntech is set to develop and commission Asia’s largest single-location integrated solar and battery energy storage system (BESS) project within the next 24 months. The project entails a capital investment of up to Rs 10,000 crore, representing a significant strategic commitment to operational scalability and long-term value creation. It aligns with the nation’s ambitious renewable energy targets and further strengthens the company’s position as a key player in India’s green energy ecosystem.

Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally.

Reliance Power Share Price

28.72 -0.41 (-1.41%)

08-May-2026 16:59 View Price Chart

Peers

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