Reliance Power

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Reliance Power says operations unaffected after ED attachment reports
By December 8, 2025December 8, 2025

Reliance Power Limited has issued a clarification after reports of asset attachment by the Enforcement Directorate. The company said its operations remain unaffected and noted that most of the attached assets, valued at about Rs 101.17 billion, belong to entities that are no longer part of the group. The latest ED action is linked to the probe into the Reliance Home Finance Limited, Reliance Commercial Finance Limited, and Yes Bank fraud case. The agency has…

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India | News | Renewable Energy

Reliance Power subsidiary wins 750 MW FDRE project from SJVN
By November 13, 2025November 13, 2025

Reliance Power Limited’s wholly-owned subsidiary, Reliance NU Energies Private Limited, has received a Letter of Award from SJVN Limited for a 750 MW / 3,000 MWh Firm and Dispatchable Renewable Energy (FDRE) project. The award, issued on November 10, 2025, marks the largest single allocation under SJVN’s 1,500 MW / 6,000 MWh FDRE tender. The project was secured through a competitive online auction and will integrate around 900 MWp of solar capacity with over 3,000…

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REC, SJVN, Reliance Power, and others report Q2 results
By November 11, 2025November 11, 2025

Several power sector companies have released their unaudited financial results for the second quarter (Q2) of FY 2025-26, showing varied performance across the sector. REC Limited posted a net profit of Rs 44.14 billion for Q2 FY 2025-26, up 9.3% from Rs 40.38 billion a year earlier. Total income rose 10.8% to Rs 151.53 billion, compared with Rs 136.82 billion in the same quarter last year. SJVN Limited reported a 30.2% year-on-year (YoY) decline in…

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India | Leadership | News

Top exits at Reliance NU Energies amid restructuring phase
By November 10, 2025November 10, 2025

Reliance NU Energies, the renewable energy subsidiary of Reliance Power, has seen major leadership changes with the resignation of Chief Executive Officer Mayank Bansal and Chief Operating Officer Rakesh Swaroop. Their departure comes less than a year after the company’s establishment in December 2024. Bansal and Swaroop, both of whom previously held senior positions at ReNew, stepped down on September 30. Around a dozen other executives have also left the firm in recent months, according…

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ED makes third arrest in Reliance Power money laundering probe
By November 10, 2025November 10, 2025

The Enforcement Directorate (ED) has made a third arrest in its money laundering probe involving Reliance Power, part of Anil Ambani’s Reliance Group. The case pertains to an alleged fake bank guarantee worth Rs 68 crore. According to the ED, Kolkata resident Amar Nath Dutta was taken into custody under the Prevention of Money Laundering Act (PMLA). Earlier, the agency had arrested former Reliance Power Chief Financial Officer Ashok Kumar Pal and Partha Sarathi Biswal,…

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ED arrests Reliance Power CFO over Rs 68 crore fake bank guarantee
By October 14, 2025October 28, 2025

The Enforcement Directorate (ED) arrested Ashok Kumar Pal, CFO of Reliance Power, in a money laundering probe linked to a purported Rs 68.2 crore fake bank guarantee submitted to SECI. Reliance Power said the company and its subsidiaries were victims of fraud and forgery. The firm confirmed Pal has stepped down to assist the probe and noted that Anil D. Ambani has not been on the board for over three years and is not connected…

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News | Generation | India

Reliance Power to sell five Indonesian coal subsidiaries for USD 12 million
By October 1, 2025October 28, 2025

Reliance Power Limited has entered into an agreement to sell its entire stake in five Indonesian coal subsidiaries to Biotruster (Singapore) Pte. Limited for USD 12 million. The transaction is expected to close by 30 December 2025, subject to customary conditions. It covers 100 per cent equity in PT Avaneesh Coal Resources, PT Heramba Coal Resources, PT Sumukha Coal Services, PT Brayan Bintang Tiga Energi, and PT Sriwijaya Bintang Tiga Energi, held through Reliance Power…

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Reliance Power to develop 500 MW solar project in Bhutan with DHI
By May 22, 2025May 22, 2025

Reliance Power Limited has signed a commercial term sheet for a long-term power purchase agreement (PPA) with Green Digital Private Limited (GDL), a subsidiary of Druk Holding and Investments Limited (DHI). DHI is the investment arm of the Royal Government of Bhutan. The agreement outlines a 50:50 joint venture between Reliance Power and DHI to develop a 500 MW solar power project in Bhutan. With an estimated investment of up to Rs 20 billion, this…

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India | News

Reliance Power posts Rs 126 crore Q4 profit
By May 12, 2025May 12, 2025

Reliance Power Limited reported improved financial performance for the fourth quarter (Q4) and fiscal year ending March 31, 2025. In Q4 FY25, the company recorded total income of Rs 20.66 billion ($241 million) and EBITDA (earnings before interest, taxes, depreciation, and amortisation) of Rs 5.9 billion ($69 million). Profit after tax stood at Rs 1.26 billion ($15 million). The company’s net worth rose to Rs 163.37 billion ($1.9 billion), while its debt-to-equity ratio improved significantly…

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India | News

Reliance signs PPA with SECI for 930 MW solar and BESS project
By May 2, 2025May 3, 2025

Reliance NU Suntech Private Limited, a wholly-owned subsidiary of Reliance Power Limited, signed a 25-year power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) on May 2, 2025. The agreement covers the development of 930 MW of Inter-State Transmission System (ISTS) connected solar power capacity, along with a 465 MW/1,860 MWh battery energy storage system (BESS), awarded under Tranche-XVII. Reliance NU Suntech had secured the project in December 2024 by quoting a tariff…

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