The Reliance Power share price has skyrocketed to a 10-year high, surprising many investors and reigniting interest in a stock that was once considered a lost cause. This incredible rally is not a result of a single event but a culmination of multiple strategic wins—from securing massive green energy projects and returning to profitability to promoter investments and a key legal victory.

Let’s dive into what is driving this powerful comeback and what it means for investors tracking the Reliance Power share price.

The Green Energy Revolution: A Game-Changer for Reliance Power

India’s Renewable Energy Push

India’s commitment to non-fossil fuel energy, with a goal of achieving 500 GW of clean energy by 2030, has laid the foundation for massive investment opportunities. The government has announced incentives like:

₹5,400 crore Battery Energy Storage Scheme (2024)
25-year PPAs (Power Purchase Agreements)
No inter-state transmission charges till 2028

These policies drastically reduce the cost and risk of clean energy projects, making them attractive for companies like Reliance Power.

Landmark Solar + Battery Project

Reliance Power, through its subsidiary Reliance NU Suntech, has signed a ₹10,000 crore deal to set up Asia’s largest single-location solar and battery project. This project includes:

930 MW of solar power generation
1.86 GWh of battery storage

This project not only solidifies its renewable energy ambitions but also adds long-term revenue visibility—key to boosting the Reliance Power share price.

From Losses to Profits: A Dramatic Turnaround

Back in the Black

Reliance Power reported a net profit of ₹126 crore in the most recent quarter, a dramatic shift from a ₹400 crore loss in the same period last year. For FY25, the company recorded a ₹2,948 crore profit, marking a significant recovery after multiple years of financial distress.

Key Financials (₹ Cr):

Financial Year	Revenue	Profit/Loss	Borrowings
FY23	7,514	-403	21,236
FY24	7,893	-2,068	18,766
FY25	7,583	2,948	15,153

This shift has played a crucial role in strengthening investor confidence and driving the Reliance Power share price higher.

Promoter Investment: A Signal of Confidence

In May 2025, Reliance Infrastructure, the promoter group, invested ₹348 crore into Reliance Power. Such promoter-backed funding is a strong indicator of internal confidence in the company’s turnaround strategy.

When owners put in their own money, it sends a clear message: they believe the Reliance Power share price has further upside and growth potential.

Debt Reduction: Financial Stability Restored

Reliance Power’s historic debt burden was one of the key reasons investors avoided the stock. However, the company has reduced its borrowings from ₹28,000 crore in FY20 to ₹15,153 crore in FY25, giving it more financial flexibility to invest in growth.

Lower debt equals lower interest payments and better margins—making the Reliance Power share price more attractive in the long run.

Legal Victory Clears Path for Future Growth

Recently, the Delhi High Court removed a ban that had earlier barred the company from bidding on certain government projects. With this legal hurdle out of the way, Reliance Power is now free to compete for major contracts again—another catalyst supporting the rising Reliance Power share price.

Global Expansion: Entering Bhutan’s Solar Market

Adding to its domestic success, Reliance Power has partnered with Druk Holding and Investments Ltd to develop Bhutan’s largest solar project. This signals its intent to expand internationally, diversifying revenues and reinforcing its clean energy strategy.

What It All Means for Investors

1. Green Energy Focus is Real

With confirmed large-scale renewable energy projects and a pipeline of 2.4 GW solar and 2.5 GWh battery storage, the company is no longer just talking about clean energy—it’s building it. This evolution is key to sustaining the current momentum in Reliance Power share price.

2. Financial Strength is Back

Reliance Power’s profit return, debt reduction, and promoter funding provide a solid financial base. Investors now see a more stable and growth-oriented business model that justifies the recent surge in the Reliance Power share price.

3. Legal Clearance Boosts Growth Potential

Now that legal restrictions have been lifted, the company can actively pursue more government and private-sector projects, giving it the chance to scale even further.

Share Price Performance: Impressive Gains

Year-to-Date (YTD): +58%
1-Year Return: +148%

The Reliance Power share price has delivered multi-bagger returns over the past year. However, going forward, the real test lies in execution—delivering these mega-projects on time and profitably.

Conclusion: A Turnaround in Motion

Reliance Power share price has climbed to a 10-year high, backed by genuine improvements in fundamentals and future potential. With real momentum in green energy, a return to profits, a lighter debt burden, and a clearer legal path, the company is making a bold and strategic comeback.

For investors, this story offers more than just short-term gains—it opens up the possibility of long-term participation in India’s clean energy transition. But as always, staying updated on execution and project delivery will be critical in evaluating the future trajectory of Reliance Power share price.