New Delhi, Aug. 19 -- Reliance Infra share price rallied over 3% in early trade on Tuesday after the company announced the receipt of an order from state-run energy giant NHPC for a solar power project. Reliance Infra shares gained as much as 3.66% to Rs.272.00 apiece on the BSE.

Reliance Infrastructure said it has received Letter of Award (LOA) from NHPC for 390 MW interstate transmission system (ISTS) - connected solar power project coupled with Battery Energy Storage System (BESS).

The winning tariff was discovered at Rs.3.13 per kWh. The project is part of a broader tender floated by NHPC, which saw participation from 15 entities, with 14 qualifying for the e-reverse auction. The tender was oversubscribed by nearly 4 times, Reliance...