Reliance Infra Share Price Jumps 6% on Renewable Energy Buzz; BSE Seeks Clarity

Reliance Infrastructure share price surged nearly 6% on Wednesday, February 19, 2025, following media reports about the company’s plans to enter renewable energy equipment manufacturing. The stock opened lower at ₹245.75 on the BSE, compared to the previous close of ₹248.80, but quickly rebounded. It hit an intraday high of ₹263.60 before settling at ₹257.30 by 1:30 PM, up 3.4%. Over the past year, the stock has gained 14%, pushing its market capitalisation beyond ₹10,200 crore.

Exchange Seeks Clarification

The surge in share price came amid reports that Reliance Infrastructure, owned by Anil Ambani, plans to set up solar and battery manufacturing units. However, the company has not yet made an official announcement on the stock exchanges. Due to this, the BSE has asked Reliance Infrastructure for clarification regarding the reports. The company’s response is still awaited.

Expansion into Renewable Energy

According to reports, Reliance Infrastructure plans to expand its business by establishing integrated solar and battery manufacturing facilities. The solar unit will focus on producing solar panels and components, while the battery unit will develop advanced energy storage solutions for grid applications and electric vehicles.

Key Leadership Appointments

To lead these new ventures, the company has appointed:

• Ivan Saha as CEO of Renewable Manufacturing. He has over 30 years of experience in semiconductors and solar technology, having worked with Vikram Solar and ReNew Power.
• Mushtaque Hussain as CEO of Battery Manufacturing. He brings 25 years of experience in automotive, renewable energy, and consumer electronics, with previous leadership roles at Reliance Industries and Tesla.

Conclusion

If confirmed, this expansion into renewable energy could strengthen Reliance Infrastructure’s position in the industry. Investors are now awaiting an official response from the company regarding its future plans.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.