By Admin 
Reliance Power Limited Share: Anil Ambani’s Reliance Power Limited shares got a tremendous jump on Friday. The price of the company’s stock reached a high level of Rs 52.90, hitting a long jump of 18.66 percent. Last time, he reached Rs 52.47 with a gain of 17.70 percent. It has climbed 16.39 percent in a year.
Renewable energy segment is growing rapidly
Reliance Power has recently decided to build the largest solar plant in Bhutan in collaboration with Bhutan’s Dract Holding and Investments (DHI). In this project of about 2000 crore rupees, there is a 50-50 percent partnership between the two. The 500 MW (MW) project will develop two companies together through the Build-On-Operate (BoO) model.
This investment in the segment of solar energy in Bhutan wants to increase the portfolio of Reliance Power Renewable Energy. Also, this will strengthen the economic cooperation between India-Bhutan. The company said in a statement, “Reliance Power’s Total Clean Energy Pipeline is on 2.5 GW Peak (GWP) in the solar segment, which makes it India’s largest company in Integrated Solar and Battery Energy System (BESS) segment.
Take care of this too
According to a Business Today report, Kantathi Bathini, director of equity strategy in wealth securities, says that Reliance Power’s stock can benefit from favorable conditions in the power sector. However, earlier the company’s stock has seen a significant decline, so it is right for investors who like to take high risk.
By 1:00 pm today, both NSE and BSE had a job of 232.3 lakh shares, which is four times more than the average weekend volume of 54 million stocks of stock. Investors are eyeing this stock in recent times.
On May 20, Reliance Power allotted equity shares of Rs 43.89 crore to Reliance Infrastructure Limited and Basera Home Finance Private Limited. According to the exchange filing, the company issued a total of 1.33 crore equity shares on Rs 33 per share (including Rs 23 premium).
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