Reliance Power, Reliance Infra stocks surge upto 5% as group forays into Bhutan

To facilitate this project in Bhutan, Anil-Ambani led Reliance Group has established a new company named Reliance Enterprises.

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Shares of Anil Ambani led- Reliance Group stocks--Reliance Power and Reliance Infrastructure rose upto 5 percent on October 3 after the group's foray in Bhutan to develop solar and hydroelectric power projects.

At 10.40 am, shares of Reliance Power were trading 5 percent higher at Rs 53.64 on the NSE while those of Reliance Infra were up 2.4 percent at Rs 339.80.

The company has successfully secured two projects totalling  1,270 MW of renewable energy, which includes 500 MW of solar energy and 770 MW of hydro energy. The initiative will be undertaken as a joint venture with the commercial and investment arm of the Royal Government of Bhutan, Druk Holding and Investments.

Follow our market blog to catch all the live action

According to a company statement, the partnership between Reliance Group and Druk Holding aims to prioritise green energy generation, specifically focusing on solar and hydropower initiatives, while also exploring innovative green technologies. To facilitate this project in Bhutan, the Reliance Group has established a new company named Reliance Enterprises.

Meanwhile, the Reliance Power is also due to have a board meeting later today to chart a roadmap its fundraise plans, aimed to enhance its renewable energy portfolio. On the other hand, the board of Reliance Infrastructure also gave its approval to raise Rs 3,014.4 crore through a preferential issue of up to 12.56 crore equity shares at an issue price of Rs 240 apiece, last month.

These back-t0-back  announcements by the Anil Ambani-led Reliance Group appear to be part of a larger strategy aimed at reviving the conglomerate.

Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.