Reliance Group Unveils Inaugural ESOP Program for 2,500 Employees Across Infrastructure and Power Units

Reliance Group, a prominent Indian business conglomerate, has announced its first-ever Employee Stock Ownership Plan (ESOP) for Reliance Infrastructure Limited and Reliance Power . This initiative, which received shareholder approval on November 3, 2024, aims to benefit nearly 2,500 employees across both companies.

Key Highlights of the ESOP Program

Broad Coverage: The program extends to approximately 2,500 employees across Reliance Infrastructure and Reliance Power.
Favorable Exercise Price: Most employees can exercise their options at the face value of ₹10 per share.
Recognition of Loyalty: The ESOP grant acknowledges employees' contributions to the Group's turnaround journey.
Wealth Creation Opportunity: The initiative aims to create wealth-sharing opportunities for employees.
Alignment with Company Vision: The program is designed to align employee interests with the long-term vision of the company.

Impact and Significance

This ESOP initiative marks a significant step for Reliance Group in fostering a culture of ownership and sustainable value creation. By offering stock options at face value to most employees, the Group demonstrates its commitment to recognizing and rewarding the loyalty and contributions of its workforce.

Reliance Group at a Glance

Metric	Value
Total Shareholder Base	Over 50 lakh
Total Employees	More than 28,000
Total Assets	₹1,07,123.00 crore
Net Worth	₹40,856.00 crore

Company Profiles

Reliance Infrastructure Limited

Focuses on high-growth sectors including Power, Roads, Metro Rail, and Defence
Provides Engineering and Construction (E&C) services for power, infrastructure, metro, and road projects

Reliance Power Limited

Total installed capacity: 5,305 MW
Operates the 4,000 MW Sasan Ultra Mega Power Project in Madhya Pradesh, the world's largest integrated thermal power plant

Both flagship companies are reported to be entirely bank debt-free, underlining the Group's financial stability.

The introduction of this ESOP program aligns with Reliance Group's vision of being 'Resilient, Renewed, and Resurgent in Growth.' It not only recognizes past performance but also aims to inspire continued excellence by creating a sense of ownership among employees.

As Reliance Group continues to focus on generating long-term value for its diverse shareholder base, this ESOP initiative stands as a testament to its commitment to employee empowerment and inclusive growth in its journey forward.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.08%	+0.46%	-10.73%	-5.17%	+13.17%	+1,252.79%

Reliance Power Limited 's wholly-owned subsidiary, Reliance Nu Energies Private Limited, has secured a significant 750 MW / 3000 MWh capacity in a recent tender. This development marks a substantial leap forward in Reliance Power's strategic shift towards cleaner energy sources.

Tender Details and Project Scope

The award comes as part of SJVN Limited's 1500 MW / 6000 MWh Firm and Dispatchable Renewable Energy (FDRE) ISTS tender. Reliance Nu Energies' allocation represents 50% of the total tender capacity, showcasing the company's competitive edge in the renewable energy market. The project will feature an installed capacity of 900 MWp of solar power integrated with over 3,000 MWh of Battery Energy Storage System (BESS).

Competitive Pricing and Market Position

Reliance Nu Energies secured this substantial capacity at a tariff of ₹6.74 per kWh through an online auction process. This pricing strategy demonstrates the company's efficiency in India's evolving renewable energy landscape.

Strengthening Reliance Power's Renewable Portfolio

With this latest award, Reliance Power has significantly bolstered its position in the solar and battery storage sectors. The company's renewable energy portfolio now includes:

Sector	Capacity
Solar	4 GWp
Battery Storage	6.5 GWh

This expansion, achieved across four tenders in less than a year, strengthens Reliance Power's position in India's new energy landscape.

Strategic Implications

The project aligns with Reliance Power's long-term vision of transitioning towards cleaner energy sources. It represents a key step in the company's commitment to sustainable value creation and its role in shaping India's renewable energy future.

Financial Performance Context

While this project marks a significant operational milestone, it's worth noting Reliance Power's recent financial performance. The company reported:

PAT (Profit After Tax): ₹87.00 crore, an improvement from a loss of ₹352.00 crore in the same quarter of the previous fiscal year
EBITDA: ₹618.00 crore, up 64% year-over-year
Total Income: ₹2,067.00 crore, an increase from ₹1,963.00 crore in the corresponding quarter of the previous year

These figures indicate a positive trajectory for Reliance Power, providing a financial foundation for its renewable energy initiatives.

Future Outlook

The success in securing this large-scale solar and battery storage project positions Reliance Power favorably in India's growing renewable energy market. As the country pushes for greater adoption of clean energy, Reliance Power's expanded capabilities in solar and battery storage technologies may play a role in meeting national energy goals.

This project enhances Reliance Power's renewable portfolio and contributes to India's renewable energy capacity, aligning with the country's targets for clean energy adoption and carbon emission reduction.