Reliance Group Partners with Bhutan's DHI for Major Renewable Energy Projects, Shares Rocket

Reliance Group Partners with Bhutan’s DHI for Major Renewable Energy Projects, Shares Rocket

The shares of Reliance Power (NSE: RPOWER), a subsidiary of Reliance Group, were trading at ₹53.64 up by ₹2.55 or 4.99 per cent on the NSE today at 11 am, a day after Reliance Group entered into a strategic partnership with Druk Holding and Investments Ltd. (DHI), the commercial arm of Bhutan’s government, to develop significant renewable energy projects in the country. The agreement, signed on October 2, 2024, includes plans for a 500 MW solar plant and a 770 MW hydropower project.

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Analyst Call: Reliance Industries, Supreme Industries

  • Reliance Industries reinstated ‘hold’ at IDBI Capital Market; Price target: Rs 2,825.
  • Supreme Industries raised to ‘hold’ at IDBI Capital Market; Price target: Rs 2,702.63.
  • Supreme Industries raised to ‘buy’ at BOB Capital Markets; Price target: Rs 2,735

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