RDB Infrastructure and Power Ltd shares continued their strong rally on Wednesday, trading at ₹34.29, up ₹1.45 or 4.42% at the time of writing on BSE. The stock had earlier hit the 5 percent upper circuit limit at ₹34.48 per share during the session, extending gains for a second consecutive session. According to latest reports, the power and infrastructure sector stock remained higher throughout the session till the afternoon, benefiting from the broader market rally.
The stock surge was triggered by the company's announcement of receiving a Notice of Award for allocation of an industrial plot in Nava Raipur Atal Nagar for solar cell manufacturing. As reported by the company in an exchange filing dated April 7, 2026, the project involves 36.46 acres of land with a total premium of ₹36,89,77,192, translating to ₹2,501 per square metre. The land will be allotted on a 90-year leasehold basis with lease rent to be revised every 30 years, specifically for development of Solar Cell Manufacturing / Processing and allied Industry at Layer-II, Nava Raipur Atal Nagar, Raipur, Chhattisgarh.
The solar manufacturing project is being executed in partnership with Samvik Power Private Limited, as reported by the company in its exchange filing. This strategic partnership expands RDB Infrastructure and Power Ltd's presence in the solar manufacturing sector, complementing the company's existing operations across packaging, power and telecom transmission equipment, retail, logistics and real estate segments.
The rally in RDB Infrastructure shares coincided with a broader market surge, with the Sensex jumping 2,988.82 points or 4% to 77,605.40 and the NSE Nifty surging 890.35 points or 3.85% to 24,014 during afternoon trade. According to market data, the 52-week high and low values of the stock stood at ₹91.89 and ₹31.14 respectively, indicating significant volatility in the stock's recent performance. Top gainers from the Sensex basket included IndiGo, Larsen & Toubro, Bajaj Finance, Maruti, UltraTech Cement and Mahindra & Mahindra, while Tech Mahindra, Sun Pharma and Power Grid were trading lower.
The lease agreement is scheduled to be executed within 90 days from the date of the award, according to the company's announcement. The project represents a significant expansion into the solar manufacturing sector for RDB Infrastructure and Power Ltd, which currently operates across packaging, power and telecom transmission equipment, retail, logistics and real estate segments.
