New Delhi, May 19 -- Anil Ambani group stock Reliance Power hogged the limelight in trade on Monday, May 19, after the company announced entering into an agreement with Green Digital Private Limited, owned by the government of Bhutan, to develop the country's largest 500 MW solar power project through a 50:50 joint venture.

Reliance Power, in an exchange filing earlier today, said it has signed a commercial term sheet for a long-term power purchase agreement (PPA) with Green Digital Private Limited (GDL), owned by Druk Holding and Investments Limited (DHI), the investment arm of the Royal Government of Bhutan.

Under the agreement, Reliance Power and DHI will jointly develop Bhutan's largest solar power project through a 50:50 venture, w...