Anil Ambani Big Move: Anil Ambani took a big decision, Reliance Power shares may be affected

Anil Ambani’s company Reliance Power Limited has taken a big decision. The company has announced its expansion in the renewable energy sector. Actually, the company has announced the formation of a new subsidiary, Reliance NU Energies Private Limited. This subsidiary will work on solar energy, wind energy, battery storage system and pumped storage hydropower projects. Through this, the company will work to meet the increasing demand for renewable energy not only in India but also at the international level.

These people will lead the new company

R Power has appointed experienced experts to make its new initiative successful. Mayank Bansal has been made the Chief Executive Officer (CEO) and Rakesh Swarup has been made the Chief Operating Officer (COO). Both the officers are considered veterans of the energy sector. The company said that these two leaders will accelerate the management and development of Reliance NU Energies.

Reliance Power says that this new subsidiary company will focus on providing clean, affordable and reliable energy solutions. Apart from this, the company will work on solar, wind, hybrid energy systems and high-tech energy storage technologies. This initiative is a big step towards meeting the growing demand for renewable energy in India and the world.

Shift from thermal power to renewable energy

Let us tell you, Reliance Power is one of the largest power generation companies in India, which manages the 4,000 MW Sasan Ultra Mega Power Project of Madhya Pradesh with an installed capacity of 5,300 MW. This project is the world’s largest integrated thermal power plant. Now the company has decided to move beyond thermal power and focus on renewable energy.

impact on stock market

Due to this new step of renewable energy and the announcement of settlement of loan default by Samalkot Power, there was a rise in the shares of Reliance Power (R Power) on Monday. Shares jumped more than 3% in early trade and reached Rs 45.94. However, this momentum could not be sustained for long and the stock fell to the range of Rs 43.

Possibilities in the field of renewable energy

This step of Anil Ambani can prove to be important in taking Reliance Power to new markets and investment opportunities. The new company’s focus is on clean and sustainable energy solutions, which is likely to increase its share in India as well as international energy markets.

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