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).

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, 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 stock price has rallied more than 80% in six months and delivered over 85% returns year-to-date (YTD). This compares with the equity benchmark Sensex’s gains of 8.8% in six months and 13% rally YTD.

The project will guarantee a peak power supply of four hours daily. Shares of Reliance Power Ltd ended at ₹44.04, down by ₹0.62, or 1.39%, on the BSE.

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.