Reliance Power

Reliance Power slides 5% as ED files chargesheet in fake guarantee case

Reliance Power shares fell 5 per cent after ED said it has filed a supplementary prosecution complaint against the company and its subsidiaries

Anil Ambani Reliance group stocks slip up to 3% as ED attaches fresh assets

The attachment covers multiple properties linked to Reliance Communications (RCom) and other group entities, including buildings at Dhirubhai Ambani Knowledge City (DAKC) and Millennium Business Park

Reliance Power shares gain 4% amid plans to strengthen governance

Reliance Power said that the creation of the Board of Management represents a step in the pursuit of stronger governance and sharper oversight mechanisms

Reliance Power Q2FY26 results: Net profit at ₹87 crore, rebounds from loss

Reliance Power has reported a net profit of Rs 87 crore for the quarter ended September 30, supported by an increase in revenues. As per media statement issued late Monday, the company had reported a loss of Rs 352 crore in the second quarter of FY25. "Q2FY26 PAT was at Rs 87 crore (USD 10 million) vs Q2FY25 loss Rs 352 crore (USD 41 million)," Reliance Power said. The company saw its total income growing to Rs 2,067 crore during the quarter, up from Rs 1,963 crore in the year ago period. The board of the company also approved "seeking enabling resolution from members for raising up to USD 600 million through issue of foreign currency convertible bonds (FCCBs) to fund growth." Reliance Power Limited, part of the Reliance Group, has an operating portfolio of 5,305 megawatts, that includes 3,960 megawatts Sasan Power Limited.

Q2 results today: ONGC, Vodafone Idea, Reliance Power, and more on Nov 10

Q2FY26 company results: Firms including Bajaj Finance, Ather Energy, WeWork India, Jindal Stainless, and DOMS Industries are also to release their July-September earnings reports today

ED makes third arrest in Reliance Power fake bank guarantee PMLA probe

The Enforcement Directorate on Friday said it has made a fresh and the third arrest in connection with a money laundering probe against businessman Anil Ambani's group company Reliance Power linked to issuance of an alleged fake bank guarantee of Rs 68 crore. Amar Nath Dutta, a resident of Kolkata, was taken into custody on Thursday under the provisions of the Prevention of Money Laundering Act (PMLA). A special court sent him to ED custody till November 10, it said in a statement. The federal probe agency has arrested former Reliance Power CFO Ashok Kumar Pal and a private person Partha Sarathi Biswal, MD of an Odisha-based company named Biswal Tradelink, sometime back as part of this investigation. "He (Dutta) claims to provide consultancy services in Trade Financing. Dutta played an active role along with Ashok Pal and Partha Sarathi Biswal, for providing fake bank guarantees," the agency said. The case pertains to a bank guarantee of Rs 68.2 crore submitted to the Solar Energy

ED makes 3rd arrest in Reliance Power fake bank guarantee linked PMLA case

The Enforcement Directorate has made a fresh and the third arrest in connection with a money laundering probe against businessman Anil Ambani's group company Reliance Power linked to issuance of an alleged fake bank guarantee of Rs 68 crore, official sources said on Friday. A person identified as Amar Nath Dutta was taken into custody on Thursday under the provisions of the Prevention of Money Laundering Act (PMLA). A special court sent him to four days of the Enforcement Directorate (ED) custody, they said. The federal probe agency has arrested former Reliance Power CFO Ashok Kumar Pal and a private person Partha Sarathi Biswal, MD of an Odisha-based company named Biswal Tradelink, as part of this investigation. The case pertains to a bank guarantee of Rs 68.2 crore submitted to the Solar Energy Corporation of India Limited (SECI) on behalf of Reliance NU BESS Limited, a subsidiary of Reliance Power, a listed company, which was found to be "fake". The company was formerly known a

Reliance Infra, Reliance Power tank up to 54% from June highs; here's why

The ED has attached assets worth more than ₹7,500 crore linked to Reliance Group Chairman Anil Ambani as part of a money laundering probe against his group companies.

Reliance Power tanks 11% after reports suggest ED arrested CFO Ashok Pal

The selling pressure on the counter came after reports suggested that the Enforcement Directorate (ED) arrested the company's chief financial officer (CFO), Ashok Pal, in a money-laundering probe

ED arrests Reliance Power CFO in ₹68 crore fake bank guarantee case

The ED case involves a ₹68.2 crore bank guarantee submitted to SECI by Reliance NU BESS, a Reliance Power subsidiary, which was later found to be fake

Stocks to Watch today, Sept 30: IRFC, Tata Steel, M&M, JSW Steel, BEL

Stocks to Watch today, September 30, 2025: From IRFC, Tata Steel to Mahindra & Mahindra, here is a list of stocks that will be in focus

Reliance Power to sell Indonesian subsidiaries to Biotruster for $12 mn

Reliance Power on Monday said it will sell 100 per cent stake in several Indonesian step-down subsidiaries to Singapore-based Biotruster Pte Ltd for around USD 12 million. A share purchase agreement has been signed among Reliance Power Netherlands BV, Reliance Natural Resources (Singapore) Pte Ltd and Biotruster (Singapore) Pte Ltd to this effect. Reliance Power will sell 100 per cent equity shareholding in PT Avaneesh Coal Resources, PT Heramba Coal Resources, PT Sumukha Coal Services, PT Brayan Bintang Tiga Energi, and PT Sriwijaya Bintang Tiga Energi, subject to certain conditions precedent and other customary terms and conditions, the company said in a regulatory filing. Around USD 12 million will be received on the closure of the deal. Reliance Power further noted that the buyer does not belong to the promoter/promoter group/group companies.

Reliance Power shares rise 3% in trade; what's driving investors' interest?

The buying on the counter came after Reliance Power Netherlands B.V. and Reliance Natural Resources (Singapore) Pte. Ltd. signed an agreement with Biotruster (Singapore) Pte. Ltd

CBI chargesheet on Anil Ambani has no business impact: R-Infra and R-Power

Reliance Infrastructure and Reliance Power said CBI's chargesheet against Anil Ambani in connection with alleged loan fraud has no effect on their governance, stability, or daily operations

'No impact on RPower biz operations due to BoB's action against RCom'

Reliance Power on Friday said that action taken by Bank of Baroda against Reliance Communications has no impact on its business operations and financial performance. After State Bank of India and Bank of India, another lender, Bank of Baroda, has classified the loan account of insolvent Reliance Communications as fraudulent and named its former director, tycoon Anil Ambani, citing alleged misutilisation of loans granted more than a decade back. In an exchange filing, Reliance Power said it is a separate and independent listed entity, with no business or financial linkage to Reliance Communications. "The recent action by Bank of Baroda to classify the loan account of Reliance Communications and Anil D Ambani as fraud has no impact on the business operations, financial performance, shareholders, employees, or any other stakeholders of Reliance Power," it said. Reliance Power said the disclosures and records available in the public domain indicate that the aforesaid classification by

Reliance Comm, Power, Infra hit 5% lower circuit as CBI books Anil Ambani

Anil Ambani's firm's stocks plunged as the CBI filed a case and carried out searches after a fraud complaint from the State Bank of India

CBI action on RComm won't affect Reliance Power, RInfra, say filings

Recent action by CBI on Reliance Communications has had no impact on the business operations, financial performance, shareholders, employees, or any other stakeholders, Reliance Power and Reliance Infrastructure said on Sunday. In two separate exchange filings, the Reliance Group companies said they are separate and independent listed entities with no business or financial linkage to Reliance Communications. Further, Anil D. Ambani is not on the Board of Reliance Power Ltd for more than 3.5 years. Accordingly, any action in relation to Reliance Communications has no bearing or impact on their governance, management, or operations, the companies said. The companies said they "wish to clarify on the media reports that the recent action by Central Bureau of Investigation on Reliance Communications Ltd and on Anil D Ambani has no impact on the business operations, financial performance, shareholders, employees, or any other stakeholders." At present, Reliance Communications is being ..

ED actions concluded at all locations, say Reliance Infra, Reliance Power

Reliance Infrastructure and Reliance Power clarify that Enforcement Directorate's actions have concluded at all locations, with no impact on business operations, financial performance, or stakeholders

ADAG stocks, Reliance Infra, Reliance Power hit lower circuits; here's why

The Enforcement Directorate (ED) on Thursday raided several locations connected to Anil Ambani as part of its ongoing investigation into the Yes Bank loan fraud case.

Reliance Power Q1FY26 results: Posts ₹44.7 cr profit on lower costs

Reliance Power on Saturday reported a consolidated net profit of Rs 44.68 crore for the quarter ended June 2025-26, as the company trimmed its expenses. It had posted a loss of Rs 97.85 crore in the first quarter of the preceding 2024-25 fiscal, the company said in an exchange filing. The company's total income was Rs 2,025.31 crore against Rs 2,069.18 crore in the year-ago quarter. Reliance Power managed to reduce its expenses to Rs 1,953.01 crore from Rs 2,142.51 crore in the April-June period of the last financial year. In a statement, the company said its net worth stood at Rs 16,431 crore as of June 30, 2025. The company's 1,200 MW Rosa Power Plant in Uttar Pradesh achieved a plant load factor (PLF) of 97 per cent, while its 3,960 MW Sasun Ultra Mega Power Project in Madhya Pradesh achieved 91 per cent PLF in the quarter. Reliance Power subsidiary Reliance NU Energies received a Letter of Award from SJVN Limited for the largest ISTS-connected solar and battery energy storage