New Delhi: Reliance Power Ltd has released a detailed investor and shareholder presentation outlining its financial turnaround, strengthened balance sheet, and an aggressive push into solar and battery storage-led clean energy platforms. The disclosure, filed under SEBI’s Regulation 30, underscores the company’s transition from a legacy thermal-heavy portfolio to a diversified, future-ready renewable energy business.
The presentation highlights a 34% reduction in consolidated debt since FY22, with the company achieving zero net debt at the standalone level. Net worth has risen 42% as of H1 FY26 compared with FY24, supported by stable operating performance from its thermal assets and expanding renewable pipeline. Revenue and EBITDA grew 1.5% and 8.4%, respectively, in H1 FY26 over the same period last year.
Reliance Power emphasized the role of its two marquee coal-based projects—Sasan UMPP (3,960 MW) and Rosa Power (1,200 MW)—which continue to deliver sector-leading PLFs, assured offtake arrangements and multi-tier payment security mechanisms. Sasan has maintained an average PLF of ~92% over five years, while Rosa operates with a 100% cost-plus PPA backed by the Uttar Pradesh government guarantee.
A key highlight of the presentation is the emergence of Reliance Nu Energies, the company’s renewable arm, which has locked a 4 GW solar and 6.5 GWh battery energy storage (BESS) pipeline across SECI, SJVN and cross-border Bhutan projects. These include Asia’s largest SECI solar+BESS tender and India’s growing demand for firm, dispatchable renewable power. All projects carry long-term 25-year PPAs with creditworthy offtakers such as SECI, SJVN and Government of Bhutan.
The company noted a strategic shift in India’s energy landscape—from plain-vanilla solar to premiumised renewable platforms that integrate storage, digital optimisation and round-the-clock supply. Reliance Power aims to position itself as a leading player in this shift, leveraging the policy push for energy security, Atmanirbhar Bharat, and grid-firm renewable energy.
The presentation also underlined strengthened corporate governance, a four-tier oversight structure, and the introduction of the company’s maiden ESOS to deepen employee ownership. Retail shareholders—over 43 lakh, one of the largest investor bases in India—continue to hold a significant 75% non-promoter stake, signalling long-term confidence.