Particle.news
Download on the App Store
12 ARTICLES
·
4w ago

Reliance Infrastructure Surges After Insolvency Stay, Reliance Power Gains on Solar Award

Relief from insolvency proceedings followed by a major renewable project award pushed both stocks to year-high levels.

Image
Reliance Power shares hovering near 52-week high level; will this upmove continue?
Reliance Power shares climb 4% to hit one-year high; here's what analysts say
Anil Ambani's Reliance Group

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.