Reliance Power shares jumped 15% on Friday, May 30, 2025, hitting a new 52-week high of ₹59.73 on the BSE. This was the second day in a row of gains, with the stock rising nearly 17% over two days. It’s already up about 30% this month and has more than doubled—rising 111%—in the past year. In comparison, the Sensex only gained 10% during that time.
As of 1:14 pm, the stock was trading 13.6% higher at Rs 59.36, while the BSE Sensex was down 0.28% at 81,408.34. The market cap of Reliance Power stood at Rs 23,820.64 crore. Its 52-week low was Rs 23.26.
Big Boost from Solar Project Win
The recent surge comes after news on Wednesday evening that Reliance NU Energies, a Reliance Power subsidiary, won a big solar project. It got a letter of award from SJVN for a 350 MW solar plant connected to the national grid, along with a 175 MW/700 MWh battery storage system.
Once completed, the project will bring 600 MW of solar power and 700 MWh of battery storage to Reliance Power’s growing clean energy plans. The company currently has 2.4 GW of solar power and over 2.5 GWh of battery storage in the pipeline.
Reliance NU Energies won the project at a fixed rate of Rs 3.33 per unit for 25 years. The project was part of a larger tender for 1,200 MW solar power and 600 MW/2,400 MWh battery storage. Of the 19 bidders, 18 reached the final round.
The company says this deal is part of its broader push into renewables and its aim to help lead India’s move to clean energy.
About Reliance Power
Reliance Power is part of the Reliance Group and is one of India’s largest private power producers. It operates 5,305 MW of power generation capacity, including the 3,960 MW Sasan project, the world’s largest coal-based power plant.
Disclaimer:
This article is for informational purposes only and should not be considered financial or investment advice. Always do your own research or consult with a licensed financial advisor before making investment decisions.
