Bengaluru, June 30 -- The shares of this renewable arm of the Ambani-led company are in focus after it participates in global bids for acquiring projects in its pipeline and looks to diversify its base.

With a market capitalisation of Rs 28,826 crores, the shares of Reliance Power Ltd are currently trading at Rs 69.7 per share, down by 9 percent from its 52-week high of Rs 76.49 per share. Over the past five years, the stock has delivered a robust return of 1,473 percent.

According to sources, Reliance Power is exploring opportunities globally to set up a 1,500 MW gas-based power project overseas. The company has submitted bids for gas-based projects in Kuwait, the UAE, and Malaysia.

Recently, the company had secured two major project...