Let’s talk about something wild in the stock market—Reliance Power, a company that many thought had faded into the background, has suddenly become the life of the party again. Imagine a stock rising 85% in just one month. That’s exactly what happened with Reliance Power, and believe it or not, it’s now trading at a level we haven’t seen since 2014. Crazy, right?
But what’s causing this massive rally? Is it just hype or is there something real backing this up? In this article, we’re going to break down everything—from stock data and investor interest to financial performance and future projects—so you get the full picture.
Stock Hits a Decade-High: What’s Happening Here?
On June 10, 2025, Reliance Power hit an impressive ₹71.35 per share during intraday trading on the BSE—its highest level in over 10 years. And this isn’t just a one-day wonder.
The stock has been on a consistent uptrend for the past few days, gaining 17% over three sessions and skyrocketing a whopping 85% in just one month. To put it into perspective, this kind of run isn’t common—especially for a company that had been struggling for years.
Trading Volume Goes Through the Roof
When something big happens in the stock market, traders swarm like bees to honey. And that’s what we saw here. Over 266 million shares changed hands across NSE and BSE—that’s around 6.5% of the company’s total equity.
The action was hot, and clearly, investors big and small weren’t about to miss out.
Retail Investors Are Leading the Charge
One interesting twist in this story is the massive retail investor interest. As of May 7, 2025, nearly half (48.61%) of Reliance Power’s shares are held by regular investors like you and me.
Here’s the breakdown:
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Individuals holding shares worth up to ₹2 lakh: 27.02%
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Individuals with more than ₹2 lakh: 21.59%
That’s a huge sign of trust from the public, and it adds a unique angle—this isn’t just institutions playing the game.
Who Else Is Holding the Stock?
Apart from retail investors, some big names are also on board:
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LIC (Life Insurance Corporation): 2.49%
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VFSI Holdings PTE LTD: 4.99%
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Reliance Infrastructure (Promoter): 24.90%
These institutional and promoter stakes show there’s serious backing, not just retail hype.
The Turnaround Story: From Loss to Profit
Here’s where things get really interesting. Just last year, Reliance Power was staring at a ₹397.56 crore loss in Q4FY24. Fast forward to Q4FY25? Boom—₹126 crore net profit.
How? Well, lower expenses played a big role. But it’s not just about slashing costs—they’ve also become one of the least-leveraged companies in their space. Their debt-to-equity ratio dropped from 1.61:1 to 0.88:1. That’s like cleaning out your closet and suddenly finding space to breathe.
Renewable Push: The Solar-Battery Combo
Reliance Power isn’t just about old-school thermal plants anymore. They’ve dived headfirst into renewables. One of the key drivers of the rally? A game-changing 25-year Power Purchase Agreement with SECI (Solar Energy Corporation of India).
Here’s what the deal looks like:
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₹10,000 crore project
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930 MW of solar power
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465 MW/1860 MWh of battery energy storage
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Fixed tariff: ₹3.53 per kWh
This is set to become Asia’s largest integrated solar and battery project, and it’s a clear sign that the company is future-proofing itself.
More Green Energy Projects on the Horizon
And guess what? That wasn’t a one-off deal. On May 28, 2025, their unit Reliance NU Energies Private Ltd bagged another big one—a 350 MW solar project with a 175 MW/700 MWh battery system, awarded by SJVN.
They won it through a competitive bid, locking in a ₹3.33 per kWh rate for 25 years. Not only does this reinforce their green ambitions, but it also proves they’re serious players in this space.
International Debt Payment Boosts Confidence
Another subtle but powerful sign of revival—Sasan Power, a Reliance Power subsidiary, recently repaid $150 million to IIFCL UK on December 31, 2024. This repayment strengthened their liquidity, improved their credit rating, and gave investors more confidence in the company’s financial stability.
India’s Thermal Power Future: A Boon for Reliance Power
Here’s a fun twist. While everyone’s talking renewables, India is also planning to add 80 GW of coal-based thermal power capacity by 2031–32. Why? Because power demand is surging, and thermal still has a big role to play.
Reliance Power, which was once heavily reliant (pun intended) on thermal, now finds itself in a sweet spot—perfectly positioned to benefit from both thermal expansion and the green energy wave.
The Bigger Picture: A Company Reinvented
Let’s be real—Reliance Power used to be the poster child for over-promising and under-delivering. It was a struggling stock in a struggling sector.
But not anymore.
This rally isn’t just driven by speculation. The shift in business strategy, improved financial health, reduced debt, and aggressive push into renewables have all played their part. And let’s not ignore the fact that retail investors are deeply engaged now, which could make this stock even more volatile—but also more exciting.
Conclusion
So, what’s the verdict?
Reliance Power has done what few thought possible—it’s staged a remarkable comeback. The stock is flying, profits are back, debt is down, and they’re playing smart in both the thermal and renewable arenas.
But is it all smooth sailing ahead? Probably not. Stocks that rise this fast can also fall hard. So if you’re thinking of investing, stay informed and always do your due diligence.
That said, you’ve got to respect the hustle. From near-oblivion to stock market superstar, Reliance Power’s resurgence is one for the books.
Read More: WWDC 2025: From iOS 26 to Liquid Glass – Everything Apple Just Unveiled While You Slept
After the Conclusion: What Should Investors Watch Now?
Keep an eye on:
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Execution of their renewable projects
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Future quarterly earnings
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Market volatility and investor sentiment
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Any news from the government on thermal or renewable policies
If the company sticks to its current path, the rally could continue. But one misstep, and things could turn quickly.
So stay sharp, stay informed—and as always, invest wisely.
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