Wed Oct 02 04:56:50 UTC 2024: ## Reliance Infrastructure and Reliance Power Stocks Soar 56% in Two Weeks, Driven by Debt Reduction and Fundraising Plans
**Mumbai, India** – Reliance Infrastructure (RELINFRA) and Reliance Power (RPOWER) shares have experienced a remarkable surge in the past two weeks, gaining 55.8% and 56.5% respectively, according to exchange data. This rally, fueled by positive news developments, has translated into a 56% increase in wealth for investors in both companies.
The surge has been attributed to the Reliance Group’s successful transformation from a debt-heavy entity to one with zero debt. This month, Reliance Power announced achieving a zero debt status, while Reliance Infrastructure reduced its debt obligations by 87% to Rs 475 crore.
Analysts believe this debt reduction has reignited investor confidence in both companies. Further cementing this optimism are recent fundraising plans announced by both companies. Reliance Infrastructure plans to raise Rs 3,000 crore, while Reliance Power plans to raise Rs 1,500 crore through preferential allotment of shares.
This rally has reportedly benefited around 47 lakh small investors, with 7 lakh investors in Reliance Infrastructure and 40 lakh in Reliance Power.
Reliance Power’s stock has particularly shown a strong performance, hitting the 5% upper circuit limit for nine consecutive trading sessions.
The impressive performance of Reliance Infrastructure and Reliance Power stocks indicates a strong investor sentiment towards the Reliance Group’s future prospects.
First Piper 