Overview
- The National Company Law Appellate Tribunal suspended the May 30 NCLT insolvency order against Reliance Infrastructure after the company paid Rs 92.68 crore to Dhursar Solar Power, nullifying the case.
- Reliance Infrastructure’s consolidated EBITDA for Q4 FY25 surged 681% sequentially to Rs 8,876 crore and the company posted a Rs 4,387 crore net profit, reversing a prior quarter loss.
- Shares of Reliance Infrastructure rose about 13% to a 52-week high of Rs 385.7 before settling near Rs 380, marking a 46% gain over the past month.
- Reliance NU Energy, a subsidiary of Reliance Power, secured a Letter of Award from SJVN for a 350 MW inter-state solar power project paired with a 175 MW/700 MWh battery storage system.
- Reliance Power’s stock climbed over 5% to a one-year peak near Rs 62.8, extending a 52.8% rally since May driven by clean energy sector tailwinds.