Reliance Power Shares in Focus After Major Business Decisions

Shares of Reliance Power, led by Anil Ambani, are expected to attract investor interest due to two major developments: a new equity share allotment and an international solar energy project.

Discounted Share Allotment Draws Interest
The company recently issued over 1.3 crore shares at ₹33 each—lower than the market rate—to Reliance Infrastructure and Basera Home Finance. This ₹43.89 crore move aims to strengthen the company’s financials and support future projects.

Solar Power Project in Bhutan
Reliance Power has also announced a joint venture with Bhutan’s government-owned firm DHI to set up a 500 MW solar plant. This marks a major step into international renewable energy and is the biggest solar investment by an Indian firm in Bhutan.

Profit in Latest Financial Report
In the last quarter, the company posted a profit of ₹126 crore, recovering from a major loss in the same period last year. Strong operational performance helped boost earnings, even though overall income slightly decreased.

Strong Stock Growth
The company’s shares have surged in recent years, giving strong returns to investors. With these new updates, experts believe the stock may continue to attract buyers.

Study Update - times-news.in