19-Aug-2025 11:16
Reliance Infra rises on securing Rs 1,073-cr Solar-BESS project from NHPC
According to the company, once commissioned, the project will add 700 MWp of solar DC capacity and 780 MWh of BESS capacity to the Reliance Group's portfolio, further consolidating its leadership in new energy solutions.
The winning tariff was discovered at Rs 3.13/kWh, positioning the project among the most competitively priced offerings in India's energy transition landscape.
The project is part of a broader tender floated by NHPC, which saw participation from 15 entities, with 14 qualifying for the e-reverse auction. The tender was oversubscribed by nearly four times, reflecting heightened industry interest in dispatchable renewable energy solutions.
Reliance Power, a listed entity within the Reliance Group, currently holds a renewable energy portfolio of nearly 2.5 GWp of solar and 2.5 GWh of BESS capacity. With the addition of this new project, the combined clean energy portfolio of the Reliance Group now exceeds 3 GWp of solar DC and 3.5 GWh of BESS capacity'making it the largest player in India's integrated Solar + BESS segment.
This successful bid underscores Reliance Group's continued progress and commitment to becoming a leading player in India's renewable energy sector. It marks a significant milestone in the Group's strategic vision to transition toward cleaner energy sources and play a pivotal role in shaping the country's sustainable energy future.
Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) across several high-growth sectors such as power, roads, and metro rail in the infrastructure space, as well as in the defence sector. It is also a major player in providing Engineering and Construction (E&C) services for power, infrastructure, metro, and road projects.
The company reported a consolidated net profit of Rs 59.84 crore in Q1 FY26, compared to a net loss of Rs 233.74 crore posted in Q1 FY25. Revenue from operations fell 17.86% to Rs 5,907.82 crore in the quarter ended 30 June 2025.
Powered by Capital Market - Live News
News source: Capital Market - Live News
