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

The stock opened at RS. 40.75 and moved between a high of RS. 41.54 and a low of RS. 40.14. A total of 47,66,401 shares have been traded so far.

A BSE group 'A' stock with a face value of RS. 10, Reliance Power hit a 52-week high of RS. 54.25 on October 4, 2024, and a 52-week low of RS. 23.26 on June 5, 2024. Over the last week, it has seen a high of RS. 44.94 and a low of RS. 39.62. The company’s market capitalization currently stands at RS. 16,176.34 crore.

The shareholding pattern shows promoters holding 23.26%, while institutions and non-institutions hold 16.50% and 60.24% respectively.

Reliance Power’s subsidiary, Reliance NU Suntech, has signed a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) to supply 930 MW of solar power integrated with 465 MW/1,860 MWh of Battery Energy Storage System (BESS), at a fixed tariff of RS. 3.53 per kWh. To achieve this, more than 1,700 MWp of installed solar capacity will be deployed.

In a major strategic move, Reliance NU Suntech will also develop and commission Asia’s largest single-location integrated solar and battery energy storage system project within the next 24 months. The project involves a capital investment of up to RS. 10,000 crore, reinforcing the company’s role in driving India’s renewable energy ambitions and strengthening its presence in the green energy sector.

Reliance Power was established to develop, construct, and operate power projects across India and internationally.