Reliance Power, the flagship energy company of the Anil Ambani-led ADAG Group, made headlines on May 30, 2025, by registering an impressive 11% surge in share price, touching a new 52-week high. This strong rally came after its subsidiary, Reliance NU Energies, won a large-scale solar project from SJVN, a government-owned Navratna company.
Big Win in Renewable Energy
Reliance NU Energies secured a 350 MW solar power project along with a 175 MW/700 MWh Battery Energy Storage System (BESS) from SJVN. This marks a major milestone for Reliance Power as it strengthens its position in India’s clean energy space. The project was awarded after a highly competitive e-reverse auction that saw participation from 19 companies, out of which 18 qualified.
The total project will add 600 MW of Solar DC capacity and 700 MWh of BESS capacity to Reliance Power’s renewable energy portfolio. The company now holds a total clean energy pipeline of 2.4 GW Solar DC and 2.5 GWh BESS, making it the largest integrated player in the solar and battery energy storage segment in India.
Tariff and Project Details
Reliance NU Energies won the bid at a fixed tariff of ₹3.33/kWh for 25 years. This assures a steady income stream and positions the company for long-term growth in the clean energy sector. The project was part of a larger 1,200 MW solar and 600 MW/2,400 MWh BESS tender, and the fact that it was oversubscribed by more than 4 times reflects strong interest in reliable renewable energy solutions.
Current Share Price Performance
As of May 30, 2025, Reliance Power's share is trading at ₹58.10, marking a 52-week high. Just a year ago, the stock was at ₹11.55, showing a remarkable upward trend and a 250%+ return over 12 months. The recent surge shows growing investor confidence, driven by the company’s shift towards clean energy and successful project execution.
Technical Analysis of Reliance Power Stock
RSI and MACD Indicators
The Relative Strength Index (RSI) is around 63.8, indicating a positive trend but nearing overbought levels. The MACD (Moving Average Convergence Divergence) shows a bullish crossover, which suggests the momentum could continue in the near term.
Moving Averages
The stock has strong support at its 50-day moving average of ₹32.45 and a longer-term base at the 200-day average of ₹22.10. With a significant increase in trading volume, the technical outlook remains favorable.
Strategic Shift Towards Renewable Energy
Traditionally known for its large coal-based power plant (the 3,960 MW Sasan Project), Reliance Power is now shifting focus to clean energy. The new solar + BESS project from SJVN is a significant step in this direction. The company is also planning further expansion into solar-wind hybrid systems and pumped hydro storage, aligning with India’s goal of reaching 500 GW of non-fossil energy capacity by 2030.
Future Share Price Prediction (2025–2030)
Given the company’s strategic transformation and successful execution, here’s a five-year share price forecast:
| Year | Conservative Target | Optimistic Target |
|---|---|---|
| 2025 | ₹85 – ₹95 | ₹120 – ₹150 |
| 2026 | ₹95– ₹120 | ₹150 – ₹200 |
| 2027 | ₹120 – ₹170 | ₹200 – ₹280 |
| 2028 | ₹170– ₹250 | ₹280– ₹350 |
| 2030 | ₹250 – ₹350 | ₹350 – ₹440 |
Market Sentiment and Expert View
Market analysts believe the stock has more room to grow, especially if the company executes its solar and BESS projects efficiently. The long-term tariff agreement and large clean energy pipeline make Reliance Power a promising bet in India’s evolving energy market. However, like any infrastructure play, execution risks and funding challenges remain.
For investors, this could be an attractive opportunity to enter on dips, especially with India's renewable energy push gaining momentum. Monitoring quarterly updates, project timelines, and government policy changes will be crucial.
Reliance Power has shown strong signs of revival, backed by its move into the renewable energy sector and the recent win from SJVN. The stock’s recent surge reflects market optimism about the company’s new direction. With a growing portfolio in solar and battery energy storage and long-term revenue visibility, Reliance Power could become a key player in India's clean energy future. The next few years will be crucial as it transitions from traditional power generation to leading in green energy.
Disclaimer
The information provided in this article is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy, sell, or hold any securities. Stock market investments are subject to market risks, and past performance is not indicative of future results. Readers are advised to conduct their own research or consult with a certified financial advisor before making any investment decisions. The author and publisher are not responsible for any losses incurred as a result of using the information in this article.
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