Not Anil Ambani, but This Multibagger Stock Made Rs 139 Crore from Reliance Power — Holds 16.5x More Shares Than Him

Do You Know? This Multibagger Stock Made More from Reliance Power Than Anil Ambani — Rs 139 Crore in Gains!

The share price of Reliance Power, led by Anil Ambani, hit a fresh 52-week high on Friday, May 30, 2025, surging by 11.35%.

The rally was triggered after its subsidiary, Reliance NU Energies Private Limited, received the Letter of Award (LOA) from SJVN Limited—a Navratna Central Public Sector Enterprise—for developing a 350 MW inter-state transmission system (ISTS)-connected solar power project, coupled with a 175 MW/700 MWh Battery Energy Storage System (BESS).

Once commissioned, this platform will add 600 MW of solar DC capacity and 700 MWh of BESS capacity to Reliance Power’s portfolio, strengthening its position in the new energy space. The company’s total clean energy pipeline now stands at 2.4 GW of solar DC capacity and over 2.5 GWh of BESS capacity, making it the largest player in India’s integrated Solar + BESS segment.

Reliance NU Energies had earlier emerged as the successful bidder in SJVN’s competitive auction, securing the project at a fixed tariff of Rs 3.33/kWh for 25 years. The project is part of a larger 1,200 MW solar + 600 MW/2,400 MWh BESS tender, which drew interest from 19 developers—18 of whom qualified for the final e-reverse auction. The tender was oversubscribed more than fourfold, underscoring strong industry interest in dispatchable renewable energy solutions.

This development underscores Reliance Power’s strategic commitment to renewable energy leadership and sustainable value creation for stakeholders. It also marks a significant milestone in the company’s transition toward cleaner energy sources and its role in shaping India’s sustainable energy future.

The stock's 11.35 per cent jump on Friday resulted in an impressive 45.29 per cent rally in May alone.

Here’s a noteworthy detail—Authum Investment and Infrastructure Ltd holds a 1.86% stake in Reliance Power, amounting to 7,67,77,000 shares. Interestingly, this is more than Anil Ambani’s holding of 4,65,792 shares under the promoter category. Authum Investment and Infrastructure holds approximately 16.5 times more shares in Reliance Power than Anil Ambani.

Authum Investment and Infrastructure, a listed company, has significantly benefited from Reliance Power’s surge in May. With a gain of Rs 18.11 per share, Authum’s stake appreciated by approximately Rs 139.04 crore during the month.

Incorporated in 1982 and acquired by Alpana Sanjay Dangi in FY 2019-20, Authum is a registered Non-Banking Financial Company (NBFC) focused on investing and lending as its core business operations. The company actively engages in long-term equity investments across both listed and unlisted companies and has recently diversified into building a fully integrated credit platform.

Authum’s investment portfolio spans public and private equities, real estate, private equity, and debt instruments. It is active in structured financing, fixed return portfolios, secured lending, and equity investments in emerging businesses.

The share price of Authum Investment and Infrastructure has delivered multibagger returns over the past 12 months, rising by 192.70 per cent. In the last month alone, it has advanced by 38.16 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.