Reliance Power has been on a winning spree for the past few sessions. The share price of Reliance Power has raised investor wealth by more than 16% in the last five trading sessions. It has delivered over 70% return in the past one month and 65% in the last six months. In fact, if we track the performance in the last 1 year, Reliance Power’s share price is up a whopping 153%.
The recent developments, like new orders, clearance in the SECI case, have supported the uptrend in the stock. It’s becoming a case study of riches to rags and back to riches. The rally is not just limited to Reliance Power, but the entire list of Anil Ambani Group stocks has been on a high trend in the recent week.
Reliance Power signs landmark deal with Bhutan’s Druk Holdings
In case you are also wondering what’s powering this rally in Reliance Power, the gains in the last one month are on the back of the landmark renewable energy partnership with a Bhutan-based company.
Reliance Power inked a partnership with Druk Holding and Investments (DHI) to develop Bhutan’s largest solar power project in a Rs 2,000 crore joint venture. The 500 megawatt (MW) project will be developed under a 50:50 partnership through a Build-Own-Operate (BOO) model.
Reliance Power: Capital infusion
That apart, the company has also recently infused capital to strengthen its growth trajectory. It raised around Rs 350 crore via a preferential issue of shares in May 2025. The company issued 9.55 crore equity shares to Reliance Infrastructure (promoter) and 1 crore shares to Basera Home Finance Pvt Ltd (public). Before this, the company raised Rs 1,525 crore in October 2024 through a preferential issue.
Reliance Power still below listing price
However, despite the stunning rally in recent times, the stock price of Reliance Power is still below its listing price of Rs 530 on the National Stock Exchange. The 52-week high for the stock is just hovering around the issue price.
The company was listed in January 2008 and raised a whopping Rs 11,563.20 crore. According to media reports, the IPO was one of the most anticipated ones, and the grey market premium rose as much as 80% on the day before its listing.