Reliance Power shares rose nearly 4% in early trading on Monday after the Anil ASmbani-led company announced that it had signed a commercial term sheet for a long-term Power Purchase Agreement (PPA) with Green Digital Private Limited (GDL), which is owned by Druk Holding and Investments Limited (DHI), the Royal Government of Bhutan's investment arm.

Key Highlights:

Reliance Power shares rose by 4% following the announcement of a ₹2,000-crore joint venture to develop Bhutan's largest solar power project.

The partnership underscores Reliance Power's commitment to expanding its footprint in renewable energy, marking a significant milestone in India-Bhutan energy collaboration.

Reliance Power shares rose 3.63% to Rs 46.72 in early trading today, compared to the previous close of Rs 45.08 on the BSE. The firm's market capitalization rose to Rs 18,510 crore. On the BSE, 58.98 lakh shares of the firm changed hands, resulting in a turnover of Rs 27.19 crore.

The beta for Reliance Power shares is 1.3, indicating very high volatility over the course of a year. The stock is trading above the five-day, ten-day, twenty-day, thirty-day, fifty-day, hundred-day, 150-day, and 200-day moving averages.

Reliance Power's relative strength index (RSI) is at 63.8, indicating that the stock is neither overbought nor oversold.

The agreement is expected to play a critical role in advancing regional clean energy integration and strengthening cross-border infrastructure collaboration in South Asia.

Reliance Power and DHI will collaborate 50:50 to develop Bhutan's largest solar power project, with an installed capacity of 500 MW. The project has a capital outlay of up to Rs2,000 crore under the Build-Own-Operate (BOO) model, making it the largest private sector foreign direct investment (FDI) in Bhutan's solar energy sector to date. 

This significant transaction demonstrates Reliance Power's continued focus on capital deployment into high-impact, long-term clean energy assets, as well as its strategic positioning in the regional power infrastructure space.

Recently, the company reported a net profit of Rs 125.6 crore for the fourth quarter ended March 31, 2025. This represents a significant improvement over the net loss of Rs 397.6 crore reported in the same quarter last year, as highlighted in a recent regulatory filing.

The company's operational revenue fell by 1%, to Rs 1,978 crore from Rs 1,997 crore in the previous fiscal quarter. However, at the operational level, the company experienced an impressive surge in EBITDA, which increased by 1,109% to Rs 589.8 crore from Rs 48.8 crore the previous year. The EBITDA margin also improved significantly, rising to 29.8% from 2.4% year on year.

Reliance Power earned Rs 2,066 crore in total revenue during the fourth quarter. Over the last year, the company addressed total debt obligations, including maturity repayments, totaling Rs 5,338 crore.