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Reliance Power shares jumped sharply on Thursday after the company announced a significant step toward strengthening corporate governance. The stock of the Anil Ambani-led power producer gained over 4% in early trade as investors responded positively to the creation of a new Board of Management (BoM).
Reliance Power opened on a strong note and surged as much as 4.48% to Rs. 41.72 on the BSE. The early rally was accompanied by high trader participation, with nearly 2 crore shares changing hands during the morning session.
Despite today’s gains, Reliance Power shares have been under pressure in recent months, falling 8% over the past month, 15% in three months, and 9% over the last six months.
However long-term picture is positive. The stock has gained 14% over the past year, delivered 84% returns in two years, and turned into a multibagger with a 162% gain in three years and a remarkable 1,265% surge over five years.
The uptick came after the company disclosed that its Board approved the formation of a Board of Management (BoM) during its meeting on November 19. This new body will include the CEO, key managerial personnel, and senior business leaders.
According to the company, the BoM is intended to strengthen governance frameworks, enhance oversight, and help build a more agile and future-ready organisation.
The step reflects the company’s push to increase governance standards, accelerate decision making, and provide shareholder value on a sustainable basis.
In addition to the governance changes, Reliance announced strong momentum in its clean-energy subsidiary Reliance NU Energies.
This subsidiary has emerged as the largest player in Solar Energy + Battery Energy Storage Systems (BESS) on a competitive-bidding basis.
It currently holds awarded capacities of up to 4 GW of solar projects and up to 6.5 GW of BESS, positioning Reliance Power firmly within India’s accelerating renewable energy transition.
Market sentiment toward the stock improved following the governance update, especially as Reliance Power continues to build its presence in new-energy technologies. At the press time stock is trading at Rs. 40.20 with a 0.7% increase.
At Rs. 16,625 crore market capitalisation, Reliance Power seems to gain from its renewed focus on governance, operations, and clean-energy expansion.
