Reliance Infrastructure shares gained nearly 3% in early morning trade after the company received a Letter of Award (LOA) from NHPC Limited, a leading Navratna public sector enterprise, to develop a 390 MW interstate transmission system (ISTS)-connected solar power project with integrated Battery Energy Storage System (BESS). As of 9:41 AM, the shares were trading 2.73% higher at Rs 269.00.
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 strengthening its position in India’s renewable energy sector. The tariff for the project was discovered at ₹3.13 per unit, making it one of the most competitively priced solar + storage projects in the country.
The award is part of an NHPC tender that saw strong industry participation. Out of 15 bidders, 14 qualified for the e-reverse auction, and the tender was oversubscribed nearly four times. This reflects rising demand for dispatchable renewable energy solutions that integrate solar generation with storage.
Reliance Power, another listed entity under the Group, already operates around 2.5 GWp of solar capacity and 2.5 GWh of BESS capacity. With this latest win, the Group’s clean energy pipeline now exceeds 3 GWp of solar DC and 3.5 GWh of BESS, positioning it as the largest integrated player in India’s solar-plus-storage segment.
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