Reliance Power share price soars 18% as AI push sparks rally; stock snaps 4-day losing streak
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Reliance Power share price surged over 18% to an intraday high of ₹24.84 on the BSE on Wednesday after the company said it had taken steps to participate in the rapidly evolving artificial intelligence (AI) and new-age technology space through its subsidiaries. The rally also snapped the stock's four-session losing streak. In a regulatory filing, the company said it had undertaken enabling measures to incorporate AI and technology-driven activities within its business framework. As part of the initiative, the relevant business objects covering artificial intelligence and technology-enabled services have been added to its subsidiaries. The company has also adopted new names for four subsidiaries to reflect the move. “We wish to inform that Reliance Power Limited (“the Company”), as a step to participate in the rapidly evolving field of Artificial Intelligence (“AI”) and allied new-age technologies, has through its subsidiaries, undertaken certain enabling steps to incorporate AI and related technology-driven activities within its business framework,” it said in an exchange filing. The subsidiaries have been renamed as Reliance AI Green Power Private Limited, Reliance AI Power Private Limited, Reliance AI Data Control Private Limited and Reliance AI Data C Private Limited. Reliance Power reported a consolidated net loss of ₹494 crore for the quarter ended March 31, compared with a consolidated net profit of ₹125.57 crore in the corresponding quarter of the previous financial year. The company's total income declined to ₹1,946.33 crore during the quarter from ₹2,065.64 crore a year earlier. For FY26, Reliance Power posted a net loss of ₹336.89 crore, against a net profit of ₹2,947.83 crore in FY25. Reliance Power, part of the Reliance Group, develops, constructs and operates power generation projects in India and overseas. The company, along with its subsidiaries, has a diversified portfolio of power generation assets spanning operational projects as well as projects under development. Its power projects are spread across different geographies and use multiple fuel sources, with each project strategically located near fuel supplies or demand centres. Reliance Power has an operational power generation capacity of nearly 6,000 MW. The stock had hit its 52-week high of ₹71 in July 2025 on BSE and its 52-week low of ₹20.23 in March 2026. It has risen 14% in 1 week, 7.5% in 1 month, and 29% in 3 months. However, it has shed 17% in 6 months and 59% in 1 year. Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions. Pranati Deva is a seasoned financial journalist with over a decade of experience in high-pressure newsroom environments, currently working as a Senior Sub Editor at LiveMint. Over the years, she has developed a reputation for sharp editorial judgement, a strong grasp of market dynamics, and the ability to translate complex financial developments into clear, engaging stories for a wide audience. <br><br> Her core areas of coverage include stock markets, leading listed companies, currencies, and commodities, with a particular strength in fast-paced, real-time market reporting. She is known for handling breaking market news, earnings-driven stock movements, and macroeconomic developments with speed, accuracy, and context—qualities that are essential in financial journalism. <br><br> Pranati has built a diverse and credible professional track record across some of India’s most respected news organisations, including MintGenie, CNBC-TV18, Business Standard and EconomicTimes.com. During her stints at these platforms, she produced data-driven market stories, curated and steered live blogs during volatile trading sessions, and conducted interviews with market veterans, fund managers, economists, and industry experts. Her work often combines on-ground reporting with analytical depth, helping readers make sense of daily market fluctuations and longer-term trends. An alumnus of the Symbiosis Institute of Media and Communications and Hansraj College, University of Delhi, Pranati brings a strong academic foundation to her journalism. She specialises in real-time financial reporting, with a keen focus on precision, balance, and insight, aiming to decode market movements in a way that is both informative and accessible to readers across experience levels. Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
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