Reliance Power Hits ₹74.96, Surges 46% In 2 Weeks On Defence Manufacturing Momentum
By Ankur Chandra | Updated at: Jun 11, 2025 12:31 PM IST
Mumbai, June 11, 2025: Shares of Reliance Power Limited (NSE: RPOWER) leapt 3.99% in early trading on Wednesday, climbing to a new 52-week peak of ₹74.96. The stock’s meteoric rise has been fuelled by optimism surrounding a recent group-level defence alliance, announced on May 28, 2025. This surge marks a 46.10% rally in just two weeks, supported by a strategic manufacturing focus and improving balance sheet position.
As of 10:17 AM IST on June 11, 2025, Reliance Power’s share price rose sharply to ₹75.85, gaining ₹4.61 or 6.47% for the day. The stock opened at ₹73.18 and reached an intraday high of ₹75.87, its 52-week peak, while the low touched ₹72.53. Reliance Power’s market capitalisation stands at ₹31,260 crore. The company holds a price-to-earnings ratio of 10.84, with no declared dividend yield. The 52-week price range spans from ₹25.75 to ₹75.87, reflecting strong recent gains.
Market Movement Snapshot (As of 09:22 AM IST)
| Metric | Value |
|---|---|
| Current Price (LTP) | ₹74.08 |
| Change (%) | +3.99% |
| Day’s Range | ₹72.53 – ₹74.96 |
| Previous Close | ₹71.24 |
| 52-Week High (Today) | ₹74.96 |
| 52-Week Low | ₹25.25 |
| VWAP | ₹73.62 |
| Traded Volume | 588.83 lakh shares |
| Traded Value | ₹433.50 crore |
Price Momentum Since May 28, 2025
| Date | Closing Price (₹) | Change (%) |
|---|---|---|
| May 28, 2025 | 50.71 | — |
| June 11, 2025 | 74.08 | +46.10% |
Price data sourced from NSE historical quote records between May 28 and June 11, 2025.
Strategic Growth Catalyst: Defence Manufacturing Partnership
The sharp uptrend in Reliance Power shares traces back to May 28, 2025, when group company Reliance Infrastructure Limited reaffirmed its defence manufacturing tie-up with Diehl Defence, a leading German defence firm. The collaboration targets the joint production of 155mm Precision Guided Munitions under the “Make in India-II” initiative.
Key Project Highlights:
- New manufacturing facility in Ratnagiri, Maharashtra
- Annual production capacityof:
- 2,00,000 artillery shells
- 10,000 tonnes of explosives
- 2,000 tonnes of propellants
- Over 50% local sourcing
- Reliance Defence as the prime manufacturer, Diehl Defence as the strategic collaborator
Chairman Anil D. Ambani stated: “This global partnership solidifies Reliance Defence’s role in India’s self-reliant defence ecosystem.”
Diehl Defence CEO Helmut Rauch commented: “We are fully aligned with India’s defence goals and proud to expand our alliance with Reliance.”
Market Order Flow
| Bid Price (₹) | Quantity | Ask Price (₹) | Quantity |
|---|---|---|---|
| 73.92 | 1,077 | 73.96 | 1,174 |
| 73.91 | 50,622 | 73.97 | 21,063 |
| 73.90 | 83,219 | 73.98 | 6,901 |
| 73.89 | 29,897 | 73.99 | 55,832 |
| 73.88 | 19,217 | 74.00 | 52,200 |
Buy Orders: 1.53 crore shares
Sell Orders: 2.13 crore shares
Valuation and Fundamentals
| Indicator | Value |
|---|---|
| Market Cap | ₹30,489.80 crore |
| Free Float Market Cap | ₹21,071.46 crore |
| P/E Ratio (Symbol Level) | 9.04 |
| Face Value | ₹10 |
| Applicable Margin Rate | 50% |
| Price Band | 20% (₹56.99 – ₹85.48) |
Regulatory and Listing Details
| Item | Status |
|---|---|
| Listing Date | 11-Feb-2008 |
| Trading Status | Active |
| Industry | Power Generation |
| Index Inclusion | NIFTY ENERGY |
Company Profile
Reliance Power Limited, a core entity of the Reliance Group, manages one of India’s largest privately held power generation portfolios with an installed capacity of 5,305 MW. Its marquee asset, the Sasan Ultra Mega Power Project (4,000 MW) in Madhya Pradesh, ranks among the biggest integrated coal-based power plants globally. The company is listed on both NSE and BSE and boasts a zero-debt status, reflecting strong financial fundamentals.
REF:
https://nsearchives.nseindia.com/corporate/RELINFRA_10062025164251_SEDisonmediarelease.pdf
https://www.nseindia.com/get-quotes/equity?symbol=RPOWER
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