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Reliance signs PPA with SECI for 930 MW solar and BESS project

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Reliance NU Suntech Private Limited, a wholly-owned subsidiary of Reliance Power Limited, signed a 25-year power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) on May 2, 2025. The agreement covers the development of 930 MW of Inter-State Transmission System (ISTS) connected solar power capacity, along with a 465 MW/1,860 MWh battery energy storage system (BESS), awarded under Tranche-XVII. Reliance NU Suntech had secured the project in December 2024 by quoting a tariff…

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BHEL and Reliance Power report earnings growth in Q3 FY25

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Bharat Heavy Electricals Limited (BHEL) posted a net profit of Rs 1.35 billion for the quarter ending December 2024, marking a 125 per cent increase from Rs 0.60 billion in the same quarter last year.  The company’s total income rose by 31.87 per cent to Rs 73.85 billion, compared to Rs 56 billion in the corresponding period of the previous year. Reliance Power Limited reported a net profit of Rs 0.42 billion for the quarter,…

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Reliance Power establishes SPV for renewable energy projects

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Reliance Power Limited (RPL) incorporated Reliance NU Energies Private Limited, a special purpose vehicle, on December 10, 2024.  The entity will focus on developing renewable energy projects, including solar, wind, hybrid systems, and advanced energy storage solutions such as pumped storage hydropower and battery energy storage systems.

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Reliance Power reports Rs 28.78 billion net profit in Q2 FY2024

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Reliance Power Limited has recorded a net profit of Rs 28.78 billion for the quarter ended September 2024, reversing a loss of Rs 2.38 billion in the same period last year. Despite the turnaround, the company’s total income decreased by 7.23 per cent to Rs 19.63 billion during the quarter, compared to Rs 21.16 billion in the corresponding period of 2023.

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SECI debars Reliance Power and subsidiaries from tenders over fake documents

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The Solar Energy Corporation of India (SECI) has barred Reliance Power (R-Power) and its subsidiaries from participating in its tenders for three years, following the submission of a fake document by R-Power for a SECI tender issued in June.  The notice, released on November 6, under the Ministry of New and Renewable Energy (MNRE), specifies that entities, including Reliance NU BESS Limited and other subsidiaries of Reliance Power, are prohibited from SECI tenders until 2027….

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Rosa Power becomes zero-debt company

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Rosa Power Supply Company, a subsidiary of Reliance Power, has achieved zero-debt status after prepaying Rs 13.18 billion to Singapore-based lender Varde Partners.  The company initially paid Rs 8.33 billion in September, followed by the remaining Rs 4.85 billion to complete its debt repayment ahead of schedule. The loan, taken in 2022 for refinancing and cost reduction, has now been fully cleared. Reliance Power is concurrently enhancing its financial stability through a Rs 15.25 billion…