Reliance Power’s latest newsletter emphasizes a period of steady progress, highlighting a renewed purpose, resilient performance, and a spirit of resurgence. The company reported consistent performance and strengthened its financial position, achieving a bank debt-free status on a standalone basis. It is strategically positioning itself in cleaner energy, including solar power generation and battery energy storage systems. The company’s subsidiary, Reliance NU Energies, has been awarded the largest Solar+BESS project in the country.
Steady Progress and Renewed Focus
Reliance Power’s newsletter for shareholders outlines the Company’s steady progress, highlighting a focus on operational excellence and a responsible approach to sustainability. The theme, “Resurgent Reliance,” signals a belief in persevering through challenges. Reliance Power has achieved a bank debt-free status on a standalone basis and one of the lowest debt-to-equity ratios in the industry.
Shift to Renewable Energy
Reliance Power is strategically transitioning to renewable energy, targeting investments in solar power generation and battery energy storage systems (BESS) through its subsidiary, Reliance NU Energies. Reliance NU Energies has been awarded the largest ISTS-connected Solar+BESS project in the country, demonstrating a commitment to sustainable energy.
Financial and Operational Highlights
In the first half of FY 2025-26, Reliance Power’s operational portfolio consisted of 5,305 MW including thermal and renewable assets. With an installed capacity of 127 GW of solar and 51 GW of wind, India ranks third globally in solar power capacity. During this period, the renewable sector in India added a record of ~25 GW led by solar power with ~21.7GW.
Project Updates and Initiatives
Key projects and initiatives include:
- The 3,960 MW Sasan Ultra Mega Power Project in Madhya Pradesh.
- The 1,200 MW Rosa Power Plant.
- A 930 MW inter-state transmission system connected solar power coupled with a 465 MW/1,860 MWh Battery Energy Storage System (BESS).
- Development of a 350 MW inter-state transmission system connected solar power project coupled with a 175 MW/700 MWh Battery Energy Storage System (BESS).
Financial Performance and Future Growth
For H1 FY26, total income stood at ₹4,092 crore with normative EBITDA at ₹1,182 crore. Consolidated net worth stood at ₹16,516 crore. The Company is progressing with monetization plans for the Indonesia coal mine and the Board has approved shareholder authorization to raise up to USD 600 million through FCCBs to fund renewable initiatives.
Source: BSE
