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2025-11-11 04:02:04 pm | Source: Accord Fintech
Reliance Power gains as its arm secures 750 MW/3,000 MWh FDRE project
Reliance Power gains as its arm secures 750 MW/3,000 MWh FDRE project

Reliance Power is currently trading at Rs. 41.31, up by 0.18 points or 0.44% from its previous closing of Rs. 41.13  on the BSE.

The scrip opened at Rs. 40.70 and has touched a high and low of Rs. 41.75 and Rs. 39.95 respectively. So far 5990899 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 76.49 on 11-Jun-2025 and a 52 week low of Rs. 31.30 on 03-Mar-2025.

Last one week high and low of the scrip stood at Rs. 42.30 and Rs. 38.52 respectively. The current market cap of the company is Rs. 16882.22 crore.

The promoters holding in the company stood at 24.98%, while Institutions and Non-Institutions held 16.82% and 58.18% respectively.

Reliance Power’s wholly-owned subsidiary -- Reliance NU Energies has secured 750 MW/3,000 MWh Firm and Dispatchable Renewable Energy (FDRE) project from SJVN. A 750 MW/3000 MW energy storage system means 750 MW of battery energy can provide power backup for 2 hours, giving a total output of 3000 MW.

The project will supply dispatchable renewable peaking power to DISCOMs from a hybrid configuration comprising nearly 900 MWp of solar generation coupled with over 3,000 MWh of BESS capacity. Reliance Group now has a cumulative portfolio exceeding 4 GWp of solar and 6.5 GWh of BESS (battery energy storage system) across four tenders, under development and implementation.

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

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