Anil Ambani’s debt-free company receives LOA for the largest allocation in 1500 MW/6000MWH FDRE ISTS tender issued by SJVN Ltd

DSIJ Intelligence-1 / 12 Nov 2025/ Categories: Mindshare, Trending

The company has a market cap of over Rs 17,000 crore and the stock is up by 33.4 per cent from its 52-week low of Rs 31.30 per share.

Reliance NU Energies Private Limited, a wholly-owned subsidiary of Reliance Power Limited, has been awarded the largest allocation in the 1500 MW / 6000 MWh Firm and Dispatchable Renewable Energy (FDRE) ISTS tender issued by SJVN Limited. Securing a capacity of 750 MW/3,000 MWh, Reliance NU Energies took 50 per cent of the total tender allocation. This landmark tender is pioneering India's transition towards round-the-clock renewable power supply using hybrid and storage-based solutions.

This success solidifies the Reliance Group's position as India's largest player in the Solar + Battery Energy Storage System (BESS) segment. In less than a year, the Group has built a cumulative portfolio exceeding 4 GWp of solar and 6.5 GWh of BESS across four tenders, all with Navratna enterprises. This rapid accumulation of capacity demonstrates the Group's leadership and commitment to India's energy transition and decarbonization goals.

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The secured project involves an installed capacity of approximately 900 MWp of solar power integrated with over 3,000 MWh of BESS. This configuration is designed to supply dispatchable renewable peaking power to DISCOMs. Reliance NU Energies secured this capacity at a highly competitive tariff of Rs 6.74 per kWh through a rigorous online auction process, setting a new competitive benchmark in the evolving Indian renewable energy market.

About Reliance Power Ltd

Reliance Power Limited, part of the Reliance Group, is one of India's leading private sector power generation companies. The Company has an operating portfolio of 5,305 megawatts, which includes 3,960 megawatts of Sasan Power Limited (the world's largest integrated coal-based power plant). For the past seven years, Sasan Power has consistently ranked as the best operating power plant in India. The company has a market cap of over Rs 17,000 crore and the stock is up by 33.4 per cent from its 52-week low of Rs 31.30 per share.

Disclaimer: The article is for informational purposes only and not investment advice.