$RPOWER

Reliance Power share price surged over 18% to an intraday high of ₹24.84 on the BSE on Wednesday after the company said it had taken steps to participate in the rapidly evolving artificial intelligence (AI) and new-age technology space through its subsidiaries. The rally also snapped the stock's four-session losing streak. In a regulatory filing, the company said it had undertaken enabling measures to incorporate AI and technology-driven activities within its business framework. As part of the initiative, the relevant business objects covering artificial intelligence and technology-enabled services have been added to its subsidiaries. The company has also adopted new names for four subsidiaries to reflect the move.