Why Reliance Power Shares Are Grabbing Attention This Week

Reliance Power shares: Reliance Power shares are likely to be in the spotlight on May 21 due to two key developments. First, the company has completed a preferential allotment of equity shares worth ₹43.89 crore. Second, it has entered into a major solar energy partnership in Bhutan.

Reliance Power shares: The share allotment was made to Reliance Infrastructure Limited and Basera Home Finance Private Limited. A total of 1.33 crore fully paid-up equity shares were issued at ₹33 each. This price includes a ₹23 premium but is 26% lower than the previous day’s market price of ₹44.73. Out of the total, 33 lakh shares were allotted to Reliance Infrastructure, while 1 crore shares went to Basera Home Finance. This discount may raise concerns among investors during the upcoming trading session.

In another important move, Reliance Power has partnered with Bhutan’s Druk Holding and Investments Limited (DHI) to build the country’s largest solar power project. The joint venture will be equally shared (50:50) between the two firms. The project, worth ₹2,000 crore, aims to generate 500 megawatts of solar power. It will be developed on a Build-Own-Operate (BOO) model. This investment is the biggest private sector foreign investment in Bhutan’s solar energy sector.

This partnership supports Reliance Power’s goal of becoming a leader in clean energy. The company already has a pipeline of 2.5 GW of solar power and 2.5 GWh of battery energy storage capacity. According to the company, this project shows its commitment to clean energy and stronger economic ties between India and Bhutan.

Additionally, Reliance Power has posted a net profit of ₹126 crore in Q4 of FY25. This is a turnaround from a ₹397 crore loss during the same period last year. However, total income dropped from ₹2,193 crore to ₹2,066 crore, mainly due to reduced revenues.

Despite recent ups and downs in the stock market, Reliance Power shares have performed well over the long term. They have risen by 12% in May alone and delivered a massive 2,480% return over the last five years.

These developments financial improvement, a new solar project, and discounted share allotment are why the company’s shares will be closely watched in the coming days.