Reliance Power shares climb 4%, hit the 52-week high; 2400% gains in 5 years

Shares of Reliance Power Limited rose 4.04%, hitting a 52-year high of ₹63.39 on the NSE. At 11:53 AM, shares of Reliance Power were trading 1.92% higher at ₹62.10 apiece on the NSE. The rally continued for the second consecutive session on Thursday.

The stock has delivered a significant five-year return of nearly 2400%.

On May 28, Reliance Power said its arm Reliance NU Energies won a 350 MW solar project with 175 MW/700 MWh BESS from SJVN. This will add 600 MW solar DC and 700 MWh BESS capacity to its portfolio. The company’s clean energy pipeline now stands at 2.4 GW solar DC and over 2.5 GWh BESS. It is now India’s largest integrated Solar and BESS player. The project was part of a 1,200 MW solar and 600 MW/2,400 MWh BESS tender. The tender was oversubscribed 4 times, with 18 developers qualifying.

On May 19, Reliance Power said it signed a commercial term sheet for a long-term power purchase agreement with Green Digital Pvt Ltd, owned by Bhutan’s Druk Holding and Investments Ltd. Reliance Power and DHI will jointly develop Bhutan’s largest solar project through a 50:50 venture with a capacity of 500 MW. The project involves an investment of up to ₹2,000 crore under the Build-Own-Operate model. It is the largest private sector FDI in Bhutan’s solar energy sector.

Reliance Power posted a consolidated net profit of ₹126 crore in the January-March quarter of FY25 (Q4 FY25) due to lower expenses.

The company had reported a loss of ₹397.56 crore in the quarter ended on March 31, 2024, a regulatory filing showed.

Total income dipped to ₹2,066 crore in the later fourth quarter from ₹2,193.85 crore logged in the same period a year ago.

Total expenses declined to ₹1,998.49 crore in the quarter under review from ₹2,615.15 crore a year ago.

During the 2024-25 fiscal year, the annual consolidated net profit stood at ₹2,947.83 crore. The company had reported a loss of ₹2,068.38 crore in 2023-24. Further, the company has completed debt servicing of ₹5,338 crore, including maturity repayment, in 12 months. Its debt-to-equity ratio reduced from 1.61:1 in FY24 to 0.88:1 in FY25.

Since December 2, 2024, which is a six-month period, the stock has jumped 61%. Year-to-date, it has surged 40%.

The company’s market capitalisation stands at ₹25,662.38 crore. It had touched its 52-week low of ₹23.30 per share on June 5, 2024.