Who Are We Talking About?
Anil Ambani, once among the world’s richest men, heads the Reliance ADAG (Anil Dhirubhai Ambani Group)—a group that includes companies like Reliance Power and Reliance Infrastructure.
Once shining stars of Indian industry, these firms fell on hard times over the last decade due to high debt, stalled projects, and regulatory troubles.
But Now… What Just Happened?
Fast-forward to June 2025, and suddenly—both Reliance Power and Reliance Infrastructure stocks are flying high:
- Reliance Power surged over 175% in one year, hitting new 52-week highs.
- Reliance Infra followed closely, up more than 140% annually and 61% in the last month alone.
The rally has taken even veteran investors by surprise—and sparked whispers of an Anil Ambani comeback.
In June 2025, Anil Ambani’s star companies—Reliance Power and Reliance Infrastructure—have roared back, with both stocks soaring over 22% this month.
Over the past year, Power has jumped ~173%, Infra about 141% .
A potent mix of solar megadeals, defence contracts, a legal lifeline, debt clearance, and a Q4 earnings windfall is driving this stunning rally.
Investors are buzzing: is this a short-lived high or the dawn of a real comeback? Let’s unpack.
What’s Fueling the Surge?
1. Solar & Battery Storage Orders
- Power’s pivot to renewables: A major win is the 350 MW solar + 700 MWh storage system via SJVN It also clinched a 25-year SECI PPA and leads in solar/battery capacity
- Even international interest: A ₹2,000 crore solar JV in Bhutan—the largest private renewable investment there
2. Profit Turnaround: Q4 FY25 Brings the Woo
- Reliance Power swung back to a quarterly profit of ₹125–126 crore from a ₹397 crore loss
- Reliance Infrastructure posted a stunning Q4: ₹4,387 crore PAT vs a ₹3,298 crore loss; EBITDA skyrocketed 681% to ₹8,876 crore; net debt is now ZERO
3. Debt Wiped Out
- Infra paid off ~₹3,300 crore in debt this fiscal, now debt-free
- Power What’s Fueling the Surge?
- 1. Solar & Battery Storage Orders
- Power’s pivot to renewables: A major win is the 350 MW solar + 700 MWh storage system via SJVN. It also clinched a 25-year SECI PPA and leads in solar/battery capacity
- Even international interest: A ₹2,000 crore solar JV in Bhutan—the largest private renewable investment there
- 2. Profit Turnaround: Q4 FY25 Brings the Woo
- Reliance Power swung back to a quarterly profit of ₹125–126 crore from a ₹397 crore loss
- Reliance Infrastructure posted a stunning Q4: ₹4,387 crore PAT vs a ₹3,298 crore loss; EBITDA skyrocketed 681% to ₹8,876 crore; net debt is now ZERO
- 3. Debt Wiped Out
- Infra paid off ~₹3,300 crore in debt this fiscal, now debt-free
- Power also reduced gearing, raised fresh equity via preferential allotments (~₹349 crore)
- 4. Defence & Ammunition Expansion
- Infra’s Reliance Defence, in partnership with Rheinmetall and Diehl, is entering ammunition manufacturing—ratified via a new plant in Ratnagiri.
- It also became the first private player to carry out a full aircraft upgrade program—backed by a ₹5,000 crore contract over the next 7–10 years.
- 5. Legal Breathers
- Infra gained a huge relief when NCLAT stayed the NCLT insolvency proceedings, boosting sentiment by over 10% overnight
4. Defence & Ammunition Expansion
- Infra’s Reliance Defence, in partnership with Rheinmetall and Diehl, is entering ammunition manufacturing—ratified via a new plant in Ratnagiri.
- It also became the first private player to carry out a full aircraft upgrade program—backed by a ₹5,000 crore contract over the next 7–10 years.
5. Legal Breathers
- Infra gained a huge relief when NCLAT stayed the NCLT insolvency proceedings, boosting sentiment by over 10% overnight.
Stock Moves & Market Mood
- Power stock hit all-time highs (~₹72), up 76% month-on-month, 173% annually
- Infra jumped 61% in a month, 141% in a year, with momentum backed by technical charts and rising RSI/MACD
- Market analysts call this a “perfect storm,” combining earnings, clean balance sheets, legal clarity, and fresh business wins
Investor FAQs Answered
• What’s powering this surge?
A multi-pronged revival: solar contracts, profit turnaround, debt elimination, defence expansion, legal clarity.
• Is Anil Ambani staging a comeback?
While still navigating past setbacks and regulatory bans (SEBI ban til 2029), this surge has restored belief among investors .
• Can the rally sustain?
Optimists point to solid structural shifts and long-term contracts; skeptics warn of execution and regulatory risks, and the high valuations (Infra in overbought RSI; Power already up ~175% YoY) .
• What are the risks?
- Execution delays in solar and defence.
- Potential regulatory/legal roadblocks.
- Market volatility after sharp run-ups.
• What’s the future story?
If both companies deliver on contract execution, maintain debt discipline, and keep legal clarity, this rally could evolve into a genuine comeback—at least in the eyes of Dalal Street .
Investor Memes & Market Vibes
- Memes celebrating Ambani’s “second innings” flooded social media—from bankruptcy jokes to runway-ready stock charts.
- Even Bollywood superstar Amitabh Bachchan chimed in: “There can be no barriers for perseverance and hard work”
Market punchline? Ambani’s empire might have been toasted—but now it’s back, serving cold, fresh stock gains on a silver platter.
Should You Dive In?
Yes, but with caution.
Pros: Solar megadeals, debt-free books, military contracts, Q4 booms, legal reprieves.
Cons: Execution risk, elevated valuations, regulatory uncertainty, SEBI ban bearing for Ambani.
Bottom Line: These ADAG stocks are far from dead—they’re sprinting. If you believe in long-term energy transition and defence manufacturing narratives—and can stomach volatility—this may be an inflection worth playing.
