On October 2, 2024, Anil Ambani-run Reliance Group announced a significant partnership with Druk Holding and Investments Ltd. (DHI), the investment arm of the Royal Government of Bhutan, to enhance the renewable energy landscape in the country.
Reliance Power shares hit 5% upper circuit for 11th consecutive day, touch 7-year high
Reliance Power shares continued their upward momentum on Thursday, hitting the 5% upper circuit for the 11th straight session at ₹53.65 apiece—their highest level since January 2018.
The stock has surged 71% during this period, fueled by the company’s transition to being nearly debt-free and aggressive expansion into the renewable and green energy sectors.
As a part of its growth plans, the company on 2 October announced its foray into Bhutan to develop solar and hydroelectric power projects.
The Anil Ambani-run Reliance Group announced a significant partnership with Druk Holding and Investments Ltd. (DHI), the investment arm of the Royal Government of Bhutan, to enhance the renewable energy landscape in the country.
This collaboration aims to develop major solar and hydropower projects, including a 500 MW solar power plant and a 770 MW hydroelectric project. To oversee these operations, the group has established a new company, Reliance Enterprises, which focuses on clean energy investments and smart energy solutions in Bhutan.
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