Reliance Power’s Clean Energy Leap: A New Era of Solar + BESS Leadership
Reliance Power’s clean energy transformation has just received a major boost. Its subsidiary, Reliance NU Energies Pvt. Ltd., has clinched a landmark renewable energy project from SJVN Limited. The project features a 350 MW solar power plant linked to a 175 MW/700 MWh battery energy storage system (BESS). This win places Reliance Power at the forefront of India’s solar + BESS integration drive. The contract, awarded at a competitive tariff of ₹3.33/kWh for 25 years, marks a pivotal step in the company’s move from thermal to sustainable power solutions.
Let’s explore how this win reshapes Reliance Power’s future—covering share price trends, Q4 FY24 financials, growth outlook, and dividend status.
Project Highlights: Strengthening India’s Renewable Backbone
Reliance Power now boasts the largest integrated solar + BESS pipeline in India. This project alone adds 600 MW of DC solar capacity and 700 MWh of battery storage to its portfolio. With this, the company’s clean energy pipeline grows to 2.4 GW of solar and over 2.5 GWh of BESS.
Awarded under SJVN’s highly competitive 1,200 MW solar + 600 MW/2,400 MWh BESS tender, this project signals strong market confidence. Out of 19 major developers, Reliance NU Energies stood out with the most cost-efficient and bankable bid.
This aligns perfectly with India’s ambitious energy transition goals under the National Green Hydrogen Mission and COP28 commitments. The project also supports round-the-clock (RTC) renewable energy supply, crucial for stabilising the grid.
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Reliance Power Share Price
As of May 29, 2025, Reliance Power (NSE: RPOL) trades around ₹51.41, gaining over 2% since previous close.
Relaince Power Q4 FY25 Results & Dividend Update
The clean energy push is a clear catalyst. Its market momentum is largely driven by renewed investor interest in green infra, low debt exposure, and asset-light growth.
| Metric | Q4 FY25 | Q4 FY24 / Previous Period | Change/Remarks |
|---|---|---|---|
| Net Profit (PAT) | ₹125.57 crore | ₹41.98 crore (Q3 FY25) | 🔼 Up 199% QoQ |
| ₹415.28 crore (Q4 FY24) | 🔻 Down YoY | ||
| Revenue from Operations | ₹1,978 crore | ₹1,996.6 crore (Q4 FY24) | 🔻 Marginally down YoY |
| Total Income | ₹2,066 crore | Not specified | — |
| EBITDA | ₹590 crore | Not specified | — |
| Debt Servicing (12-month) | ₹5,338 crore | — | Includes maturity repayment |
| Net Worth | ₹16,337 crore | — | As of Q4 FY25 |
There is no dividend declared for FY24, in line with its reinvestment strategy. The company is channeling profits into expanding its renewable infrastructure footprint.
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Long-Term Outlook: From Legacy Thermal to Sustainable Powerhouse
Reliance Power’s strategic pivot from coal-fired plants to renewable energy is no longer just an intent—it’s action-backed. With this SJVN-backed project, it becomes a vital player in India’s clean tech space.
The company is also exploring hybrid projects combining solar, wind, and green hydrogen. Its parent, Reliance Industries, is already investing heavily in gigafactories for solar modules and advanced BESS, which could benefit Reliance Power’s procurement and technology strategy.
This positions the company to serve the growing demand for dispatchable renewables, particularly for states with energy-intensive industrial zones.
Final Take: A Sustainable Turnaround in the Making
Reliance Power’s SJVN project win is more than a contract—it’s a signal. It shows the company’s readiness to lead India’s green power revolution. With a growing clean energy pipeline, improving financials, and a clear long-term strategy, Reliance Power is on a robust turnaround path.
For long-term investors, this marks a strategic re-entry opportunity into a stock that’s now aligned with India’s sustainable development goals.
Key Takeaways
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Big win: ₹3.33/kWh solar + BESS project from SJVN
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Pipeline strength: 2.4 GW solar + 2.5 GWh BESS
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Q4 FY25 performance: Net profit tripled YoY
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Stock outlook: Over 100% return in 6 months
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No dividend yet: Focus on reinvestment and green growt
Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions.
