Reliance Power has released its latest presentation for shareholders and investors as of December 2025. The presentation outlines the company’s strategic shift towards renewables and defense, its financial performance, and governance structure. Key highlights include a focus on deleveraging, growing the renewable energy portfolio, and enhancing shareholder value. Reliance Power aims to be a key player in India’s energy transition and defense sectors.
Reliance Group Overview
Reliance Group is deepening its footprint in nation-building sectors, including infrastructure and power. The group operates a portfolio of marquee projects in critical sectors. It has two discoms in Delhi, powering 2/3rd of Delhi’s power demand. Also the Reliance Group has partnership with Thales, Dassault, and Rheinmetall AG for defence manufacturing. As of Sept’25, the asset base was ~₹111,000 Cr
Reliance Power: The Platform
Reliance Power’s operating portfolio stands at 5,305 MW, including 5,160 MW thermal power projects and 145 MW of renewable power projects. The company has new growth engines including ~4.000 MW Renewable projects, ~770 MW Hydro projects and ~6,500 MW BESS projects. As of September 30, 2025, the Reliance Power structure includes Thermal & Solar (Legacy Core) and Reliance NU Energies (New Growth Engine).
Financial Performance & Strategy
Reliance Power is transitioning into a stronger, de-risked financial profile. Revenue and EBITDA increased by 1.5% and 8.4%, respectively, in H1 FY 26 vs H1 FY 25. The company is targeting zero net debt at the standalone level. There is a 34% reduction in debt at the consolidated level since FY22. The company looking at focused growth investments in 4 GW Solar + 6.5 GWh BESS locked pipeline.
New Growth Engines: Reliance NU Energies
Reliance Nu Energies is powering India’s next clean IPP platform, with a focus on solar and stationary BESS. India’s vision is to have 500 GW RE by 2030 and the aim is to install 280 GW solar. The company also has Secured revenues via long-term PPAs, incentives, and VGF-backed BESS and Access ESG capital access. The company has a strong portfolio of locked, loaded and scaling projects. Won Asia’s largest tender from SECI & PPA signed for 930 MW Solar + 1860 MWh BESS.
Governance and Leadership
Reliance Power emphasizes independent, ethical, and transparent governance, embedding accountability, diversity, and risk control. The board comprises highly qualified members with diverse skills and expertise. There is compliance with the Companies Act and SEBI LODR requirements.
Source: BSE
