Reliance Power shares rose following the announcement of a 500 MW solar power project in Bhutan, developed through a 50:50 joint venture with DHI. This project marks Bhutan’s largest solar initiative and the biggest private sector FDI in its renewable energy sector. The company also posted a consolidated net profit of ₹126 crore in Q4 FY25, recovering from a loss the previous year.
Reliance Power, part of the Anil Ambani Group, saw its shares climb to ₹46.22 on the National Stock Exchange (NSE) on May 20, reflecting investor optimism after the company announced a significant new partnership. Reliance Power has entered into a commercial term sheet with Green Digital Private Limited (GDL), a subsidiary of Druk Holding and Investments Limited (DHI), the investment arm of the Royal Government of Bhutan.
Together, they will develop Bhutan’s largest solar power project with an installed capacity of 500 MW through a 50:50 joint venture. This initiative represents the largest private sector foreign direct investment (FDI) in Bhutan’s solar energy sector to date, with an estimated capital expenditure of up to ₹2,000 crore. The project will follow a Build-Own-Operate (BOO) model and is expected to be completed in phases over the next 24 months.
Reliance Power highlighted that this new venture will substantially increase Bhutan’s solar capacity, surpassing the current national infrastructure for solar power. The company is a leading player in India’s integrated Solar plus Battery Energy Storage System (BESS) segment, boasting a clean energy portfolio of 2.5 GWp solar power and over 2.5 GWh of BESS capacity.
This strategic investment reflects Reliance Group’s long-term commitment to expanding its renewable energy footprint while strengthening India-Bhutan economic cooperation.
In related news, Reliance Power also reported strong financial results for Q4 FY25. The company posted a consolidated net profit of ₹126 crore for the quarter ending March 31, 2025, a significant turnaround from a loss of ₹397.56 crore in the same period the previous year. The improvement was driven by lower expenses and operational efficiencies.
With this robust financial performance and ambitious new projects, Reliance Power is positioning itself as a key player in the region’s renewable energy transition.
