Reliance Power Expands Renewable Energy Footprint with 25% Stake in Bhutan-Based Solar Venture

1 min read     Updated on 18 Aug 2025, 10:11 PM
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Ashish ThakurBy ScanX News Team
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Overview

Reliance Power Limited has indirectly acquired a 25% stake in GDL-Reliance Solar PTE Ltd (GRSPL), a joint venture in Bhutan. GRSPL is a 50:50 partnership between Green Digital Private Limited, a Bhutanese state-owned enterprise, and Reliance Enterprises Private Limited (REPL), an associate of Reliance Power. REPL invested $22.50 million for its 50% stake. The venture aims to enhance renewable energy initiatives in the region. Separately, Reliance Power reported a net profit of ₹125.60 crore, with revenue at ₹1,978.00 crore and EBITDA at ₹589.80 crore.

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*this image is generated using AI for illustrative purposes only.

Reliance Power Limited (RPower) has made a strategic move in the renewable energy sector by indirectly acquiring a 25% stake in GDL-Reliance Solar PTE Ltd (GRSPL), a joint venture established in Bhutan. This partnership marks a significant step in RPower's commitment to expanding its green energy portfolio and fostering international collaborations.

Joint Venture Details

The joint venture, GRSPL, was incorporated under Bhutan's Gelephu Mindfulness City Special Administrative Region. The company is structured as a 50:50 partnership between Green Digital Private Limited, a state-owned enterprise of the Royal Government of Bhutan, and Reliance Enterprises Private Limited (REPL), an associate company of Reliance Power.

Stake Acquisition

Reliance Power's involvement in this venture comes through its associate company, REPL. The stake acquisition details are as follows:

Investor Investment Stake in GRSPL
REPL $22.50 million 50%
Reliance Power (indirect) - 25%

Strategic Implications

This partnership is poised to enhance renewable energy initiatives and support clean power growth in the region. By entering into this joint venture, Reliance Power demonstrates its commitment to:

  1. Expanding its presence in the renewable and green energy sector
  2. Fostering international partnerships for sustainable development
  3. Contributing to the growth of clean energy infrastructure in Bhutan

Operational Status

GRSPL is a newly incorporated entity and has not yet commenced business operations. The formation of this joint venture signals Reliance Power's strategic intent to capitalize on the growing opportunities in the renewable energy sector.

Financial Performance

Separately, Reliance Power reported quarterly results:

Metric Amount (₹ in crore) YoY Change
Net profit 125.60 Profit vs Loss
Revenue from operations 1,978.00 -1%
EBITDA 589.80 +1,109%
EBITDA margin 29.80% +27.4 percentage points

Conclusion

As the global focus on sustainable energy solutions intensifies, Reliance Power's investment in this Bhutan-based solar venture positions the company to play a crucial role in the evolving landscape of clean energy in South Asia. The partnership with Bhutan's government-owned enterprise could potentially lead to significant developments in solar power projects within the region.

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Odisha Government Backs RIR Power's Silicon Carbide Semiconductor Plant with Financial Aid

1 min read     Updated on 07 Aug 2025, 08:50 AM
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Ashish ThakurBy ScanX News Team
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Overview

The Odisha Government has approved financial assistance for RIR Power's Silicon Carbide Semiconductor Plant Phase 1 project in Bhubaneswar. This state-of-the-art facility will focus on producing Silicon Carbide semiconductors, known for their superior properties in high-power and high-temperature applications. The project aims to enhance India's self-reliance in critical semiconductor technology, create high-skilled jobs, and potentially attract further investments in the high-tech manufacturing sector. This move aligns with India's broader push to become a global hub for electronics manufacturing.

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*this image is generated using AI for illustrative purposes only.

The Odisha Government has taken a significant step to boost the semiconductor industry in the state by approving financial aid for RIR Power's Silicon Carbide Semiconductor Plant Phase 1 project in Bhubaneswar. This move underscores the state's commitment to fostering high-tech manufacturing and potentially positioning Odisha as a key player in India's growing semiconductor sector.

Project Details

RIR Power is set to develop a state-of-the-art semiconductor manufacturing facility in Bhubaneswar, the capital city of Odisha. The project, focusing on Silicon Carbide (SiC) semiconductor production, is poised to enhance India's capabilities in advanced electronics manufacturing.

Government Support

The financial assistance approved by the Odisha Government is expected to play a crucial role in the realization of this ambitious project. While the exact amount of aid has not been disclosed, such government backing typically provides a significant boost to large-scale industrial ventures.

Implications for the Semiconductor Industry

Silicon Carbide semiconductors are known for their superior properties compared to traditional silicon-based semiconductors, particularly in high-power and high-temperature applications. The establishment of this plant could potentially:

  • Enhance India's self-reliance in critical semiconductor technology
  • Create high-skilled job opportunities in the region
  • Attract further investments in the high-tech manufacturing sector

Looking Ahead

As the project moves forward with government support, industry observers will be keen to see how quickly RIR Power can establish its manufacturing capabilities and what impact this will have on the broader semiconductor landscape in India.

The development of this Silicon Carbide Semiconductor Plant aligns with India's broader push to become a global hub for electronics manufacturing, potentially reducing reliance on imports and boosting domestic production capabilities in this critical sector.

Historical Stock Returns for Reliance Power

1 Day5 Days1 Month6 Months1 Year5 Years
+5.00%+12.82%-24.89%+25.03%+38.61%+1,139.22%
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