Reliance Power's board is set to meet on Monday to consider raising of long-term funds from domestic and/or global markets through multiple routes.

Reliance Power shares surged 5% after securing a 500 MW battery storage contract through SECI's e-reverse auction. This marks a significant entry into the renewable energy and storage sector for Reliance Power,

Shares of Reliance Power Ltd surged by 5 percent on Wednesday (Sept. 18) after the company announced that it had fully settled its Rs 3,872 crore obligation as a guarantor for Vidarbha Industries Power (VIPL),

Reliance Power has settled Rs 3,872 crore guarantor obligations for its subsidiary Vidarbha Industries Power, the firm said in a stock exchange filing. Reliance Power Ltd said, "The entire obligations of the company as a guarantor on behalf of Vidarbha Industries Power Ltd (VIPL) stands fully settled resulting in release and discharge of corporate

Reliance Power's obligations as a guarantor on behalf of Vidarbha Industries Power have been fully settled, resulting in the release of all obligations related to the debt of Rs 3,872.04 crore.

Reliance Power shares climbed 5 per cent to hit its upper circuit limit at Rs 32.98 on BSE. The stock hit a 52-week high of Rs 38.07 on August 23. The stock is up 37.70 per cent in 2024 so far and 73 per cent in the past one year.