Reliance Power Limited has informed the Exchange about Acquisition
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Reliance Power Limited has disclosed the incorporation of a new joint venture company named GDL - Reliance Solar Pte Ltd (GRSPL) in Bhutan on July 24, 2025. The JV is a 50:50 partnership between Green Digital Private Limited (a State Owned Enterprise of the Royal Government of Bhutan) and Reliance Enterprises Private Limited (REPL), an associate company of Reliance Power. Reliance Power indirectly holds a 25% stake in GRSPL through REPL, which subscribed 2,25,000 shares at USD 100 each in cash (total ~USD 22.5 million for 50%). The JV will operate in the renewable and green energy sector and is incorporated under the Gelephu Mindfulness City, a Special Administrative Region in Bhutan. The entity is newly incorporated and has not yet commenced business operations.
This is a strategic entry into Bhutan's renewable energy sector through a government-backed JV, which could open new growth avenues for Reliance Power's clean energy portfolio. For shareholders, it signals expansion into international renewable markets, though the entity is still in early stages with no current revenue impact.