Reliance Infrastructure has received a letter of award (LoA) for a 390 megawatt (MW) solar power project and 780 megawatt-hour (MWh) battery energy storage system (BESS) from NHPC. The project is valued at INR 4,000 crore according to industry estimates, with a winning tariff discovered at INR 3.13 per kilowatt-hour (kWh).

Project Specifications and Capacity

Once commissioned, the platform will add 700 megawatt-peak (MWp) of solar DC capacity and 780 MWh of BESS capacity to Reliance Group's portfolio. The project forms part of a broader 1,200 MW solar along with 600 MW/2,400 MWh BESS inter-state transmission system (ISTS)-connected tender floated by NHPC.

The tender saw participation from 15 entities, with 14 qualifying for the e-reverse auction. The tender was oversubscribed by nearly four times, indicating strong market interest in the renewable energy project.

Reliance Group's Renewable Energy Portfolio

Reliance Power, a listed entity in the Reliance Group, currently has a renewable energy portfolio of nearly 2.5 gigawatt-peak (GWp) of solar and 2.5 gigawatt-hour (GWh) of BESS capacity. With the addition of this new project capacity, the combined Reliance Group's clean energy pipeline now stands at over 3 GWp of solar DC capacity and over 3.5 GWh of BESS capacity.

According to Reliance Infrastructure, this expansion makes the company India's largest player in the integrated solar and BESS segment. The company stated that this successful bid underscores Reliance Group's continued progress and commitment to becoming a leading player in India's renewable energy sector.

Strategic Significance and Recent Developments

Reliance Infrastructure described the project as marking a significant milestone in the Group's strategic vision to transition toward cleaner energy sources and play a pivotal role in shaping the country's sustainable energy future. The award represents a major expansion of the company's renewable energy capabilities in both solar generation and battery storage systems.

Earlier this month, the company won an arbitration award of Rs 526.23 crore along with interest against Aravali Power Company Private Limited (APCPL) in relation to an engineering, procurement, and construction (EPC) contract. On August 8, the company announced that its joint venture subsidiaries BSES Yamuna Power and BSES Rajdhani Power will recover regulatory assets worth Rs 28,483 crore over the next four years.

The company also reported a Q1FY26 profit of Rs 59 crore, though revenue dropped by 17% during the same period. These recent financial and operational developments come as Reliance Infrastructure continues to expand its presence in India's growing renewable energy sector through strategic project acquisitions and capacity additions.

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