Anil Ambani-led Reliance Power, based in Maharashtra, India, hit a 52-week high on May 30 after its subsidiary Reliance NU Energies received a major order from the Navratna PSU, SJVN. The project includes a 350 MW solar unit and a 175 MW/700 MWh Battery Energy Storage System (BESS). This addition boosts Reliance Power’s clean energy portfolio to 2.4 GW in solar capacity and 2.5 GWh in BESS, positioning it as India’s largest integrated solar and BESS player.
Reliance Power, a major power generation company based in Maharashtra, India, and part of the Anil Dhirubhai Ambani Group (ADAG), witnessed a sharp surge in its stock price on May 30, reaching a new 52-week high. The rally followed an announcement that its subsidiary, Reliance NU Energies, secured a significant clean energy project from Navratna Public Sector Undertaking (PSU) SJVN.
Reliance NU Energies has been awarded a 350 MW solar power project coupled with a 175 MW/700 MWh Battery Energy Storage System (BESS) by SJVN. This award follows the company’s success in a competitive auction, where it emerged as the winning bidder with a fixed tariff of ₹3.33/kWh for a 25-year period.
The project is part of a larger tender floated by SJVN, which aimed to allocate 1,200 MW of solar and 600 MW/2,400 MWh of BESS capacity. The auction attracted strong participation from 19 developers, with 18 qualifying for the final e-reverse bidding round. The overwhelming interest highlights the growing demand and investment in dispatchable renewable energy solutions in India.
Once operational, this addition will take Reliance Power’s clean energy portfolio to 2.4 GW of solar DC capacity and over 2.5 GWh of BESS capacity. This makes it India’s largest player in the integrated solar and energy storage segment.
Reliance Power currently operates 5,305 megawatts of power generation capacity, including the 3,960 MW Sasan Power Ltd project in Madhya Pradesh, which is recognized as the world’s largest integrated coal-based power plant.
This latest win marks a significant step in Reliance Power’s ongoing transition toward clean energy and strengthens its leadership in India’s renewable power sector.
