Reliance Power, led by Anil Ambani, is expected to draw significant market attention following its recent ₹43.89 crore preferential share allotment and strategic international expansion. The company issued a total of 1.33 crore fully paid-up equity shares at ₹33 per share, substantially below the current market price, through a preferential allotment to Reliance Infrastructure Limited and Basera Home Finance Private Limited. According to the exchange filing, 33 lakh shares were allotted to Reliance Infrastructure, while 1 crore shares were allocated to Basera Home Finance.
The ₹33 issue price represents a steep 26% discount to the stock’s closing price of ₹44.73 on Tuesday, prompting scrutiny from investors. The allotment was made under SEBI’s ICDR Regulations after warrants previously issued were exercised. This strategic move is likely to impact trading sentiment when the markets open, as investors assess the implications of the discounted share issue.
Major Solar Power Project Announced in Bhutan
In a significant international development, Reliance Power has partnered with Druk Holding and Investments Limited (DHI), the investment arm of the Royal Government of Bhutan, to co-develop the country’s largest solar power plant. The ambitious ₹2,000 crore project will have an installed capacity of 500 megawatts (MW) and will be implemented on a Build-Own-Operate (BOO) basis.
The joint venture is structured as a 50:50 partnership and marks the largest private-sector foreign direct investment in Bhutan’s solar energy sector to date. The agreement was signed with Green Digital Private Limited (GDL), a DHI-owned company. This project is seen as a critical step in expanding Reliance Power’s renewable energy portfolio, with the firm currently holding a 2.5 gigawatt-peak (GWp) solar pipeline and over 2.5 gigawatt-hours (GWh) of battery energy storage system (BESS) capacity.
“The landmark solar investment in Bhutan underscores Reliance Group’s strategic focus on expanding its renewable energy portfolio while reinforcing its long-term commitment to strengthening India-Bhutan economic cooperation,” the company stated.
Q4FY25 Profit Turnaround Boosts Outlook
Further enhancing investor confidence, Reliance Power reported a strong financial performance for the fourth quarter of FY25. The company posted a consolidated net profit of ₹126 crore for the January–March quarter, a major turnaround from the ₹397.56 crore loss in the same quarter last year. However, the firm’s total income declined to ₹2,066 crore from ₹2,193.85 crore year-on-year, largely due to reduced revenues.
Despite recent share price volatility, the stock has shown remarkable long-term growth. While Reliance Power shares ended 2% lower at ₹44.73 on Tuesday, the stock has gained 12% in May, recovering from earlier dips. Over the past year, it has surged 75% and remains 92% above its 52-week low of ₹23.26, although still 17.5% below its October 2024 high of ₹54.25.
Most notably, the company has delivered extraordinary returns of over 2,480% over the last five years, cementing its position as one of the most successful Anil Ambani Group stocks in the long term.
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