The shares of Anil Ambani -led Reliance Power are making headlines as they continue to climb, hitting the 5 per cent upper circuit for the 11th consecutive session, priced at Rs 53.65 per share on Thursday (October 3).

Anil Ambani-run Reliance Group said on Wednesday it would jointly develop solar and hydro power projects in Bhutan along with the government's investment arm.

Anil Ambani's fortune is on the upswing as Reliance Power's shares rose 5% to Rs 53.65, marking a 52-week high. With Reliance Power debt-free and Reliance Infrastructure reducing its debt by 87%, investor confidence has surged.

On October 2, 2024, Anil Ambani-run Reliance Group announced a significant partnership with Druk Holding and Investments Ltd. (DHI), the investment arm of the Royal Government of Bhutan, to enhance the renewable energy landscape in the country.

Anil Ambani-backed Reliance Power shares surged by 5 per cent for the eleventh consecutive session on October 3, hitting a fresh 52-week high of Rs 53.65 on the NSE and Rs 53.64 on the BSE. The rally comes as the company announced its entry into Bhutan’s renewable energy sector,

Shares of Reliance Power jumped to a new 52-week high after the company announced a partnership with Bhutan's Druk Holding to develop large solar and hydroelectric projects.