Shares of Reliance Power rose 5% on December 12 after its subsidiary, Reliance NU Suntech, won India's largest 930 MW solar project in an e-reverse auction by SECI, conducted on December 9, 2024.

Reliance Power share price has delivered strong returns, with the stock up more than 20% in one month and 55% in three months. Reliance Power stock price has rallied more than 46% in six months and delivered over 93% returns year-to-date (YTD).

"The new subsidiary Reliance Nu will innovate and seize the opportunities in developing clean, affordable and reliable energy solutions that India and the world's growing demand for sustainability needs,

Reliance Power rose 5 per cent to hit a high of Rs 46.24 on BSE. The company notified that, according to the tender's terms, its subsidiary will be required to install a minimum storage capacity of 465 MW/1,

Reliance NU Suntech, a subsidiary of Reliance Power, won a 930 MW solar energy contract with battery energy storage system project (BESS) from the SECI in an e-reverse auction held on 9th December 2024.

Reliance NU Suntech, a subsidiary of Reliance Power, secured a 930 MW solar energy project with a 465 MW/1,860 MWh battery storage system in a SECI auction. The 25-year project, won at a tariff of Rs 3.

Reliance Power shares are up 39.38 per cent in the past six months and 83.55 per cent year-to-date. Reliance NU Suntech’s successful bid for SECI’s Tranche XVII auction was won at a tariff of Rs 3.53 ($0.