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.

Reliance Power shares have hit back-to-back upper circuits for the past 11 sessions, rallying 70.8 per cent. On Thursday, the Anil Ambani stock zoomed 5 per cent to trade at the upper limit of the day at Rs 53.

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.

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