# RPOWER (RPOWER) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/rpower

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹21.13
- Change: +0.38%
- As of: 2026-09-18
- 1D return: +0.38%
- 5D return: -3.25%
- 1M return: -4.60%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 17, 2026, Reliance Power (RPOWER) is trading below key moving averages across daily, weekly, and monthly timeframes, indicating a predominantly bearish technical stance. The daily trend shows the price below the 20-day and 50-day Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs), with negative slopes suggesting downward momentum. This is consistent with the weekly and monthly views, where the price is also below its respective Supertrend indicators, reinforcing a bearish outlook across multiple periods. The stock is currently positioned near its nearest support level of ₹20.82, which is approximately 1.08% below the current price of ₹21.05. The nearest resistance is observed at ₹21.14, a mere 0.41% above the current price.

Recent market activity includes two positive attention events within the last 30 days, alongside an extreme upward volume anomaly on September 9, 2026, with a volume ratio of 4.15 and a Z-score of 4.67. Despite these anomalies, the longer-term trends remain bearish. The stock's current drawdown stands at -0.7%, with a maximum drawdown of -0.71%, and annualized volatility at 0.58%. This suggests a potentially volatile environment, with the Average True Range (ATR) at 3.13% of the current price.

Key watch conditions include monitoring the price action around the immediate support at ₹20.82 and resistance at ₹21.14. A sustained move below ₹20.82 could signal further downside, while a decisive break above ₹21.14, particularly with increased volume, might indicate a shift in short-term sentiment. The absence of active chart patterns suggests a lack of immediate formation signals.

- The stock's current price of ₹21.05 on September 17, 2026, is below its 20-day and 50-day EMAs and SMAs on the daily chart.
- Bearish trends are observed across daily, weekly, and monthly timeframes, with the price below Supertrend indicators on all periods.
- Nearest support is identified at ₹20.82 (1.08% below current price), and nearest resistance is at ₹21.14 (0.41% above current price).
- An extreme upward volume anomaly occurred on September 9, 2026, with a volume ratio of 4.15.
- Watch for price movement relative to the ₹20.82 support and ₹21.14 resistance levels for potential trend confirmation or reversal signals.

- Outside Bar
- Inside Bar
- Shooting Star

### News Context

Reliance Power Limited reported on August 6, 2026, that its Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026. The company posted a consolidated profit after tax of ₹6,471 lakhs for the quarter, a significant improvement from a loss of ₹49,386 lakhs in the same period last year. However, the company noted ongoing investigations by the Enforcement Directorate and CBI, and that a subsidiary, Samalkot Power Limited, is undergoing a Corporate Insolvency Resolution Process initiated by its lender. On September 7, 2026, the company disclosed it was named as an accused in a first supplementary chargesheet filed by the Central Bureau of Investigation (CBI) related to the Reliance Commercial Finance Limited matter, stating it would take appropriate steps to protect its interests. Earlier, on August 14, 2026, at the company's 32nd Annual General Meeting, all seven resolutions were passed, including the adoption of audited financial statements for the fiscal year ended March 31, 2026, and the issuance of securities through Qualified Institutions Placement and Non-Convertible Debentures, which received 82.02% and 91.64% votes in favor, respectively.

- On August 6, 2026, Reliance Power reported a consolidated profit after tax of ₹6,471 lakhs for the quarter ended June 30, 2026, compared to a loss of ₹49,386 lakhs in the prior year's comparable period.
- The company disclosed on September 7, 2026, that it has been named as an accused in a first supplementary chargesheet filed by the CBI concerning the Reliance Commercial Finance Limited matter.
- At the Annual General Meeting on August 14, 2026, all seven resolutions were passed, including the adoption of FY26 audited financials and approvals for issuing securities via QIP and NCDs.
- Reliance Power noted ongoing investigations by the Enforcement Directorate and CBI, and that subsidiary Samalkot Power Limited is subject to a Corporate Insolvency Resolution Process.

- Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015. |SUBJECT: General Updates
- Reliance Power Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- Reliance Power Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company |SUBJECT: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
- Reliance Power Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 14, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting

### What Changed

Reliance Power (RPOWER) on the NSE experienced a slight price increase between the observation date of September 17, 2026, and the report date of September 18, 2026. The stock moved from ₹20.78 to ₹21.05. No new filings or news developments were reported for the company during this period. The company's core business context remains unchanged.

- On September 17, 2026, Reliance Power's stock price was ₹20.78.
- On September 18, 2026, Reliance Power's stock price closed at ₹21.05.
- No new filings were reported for Reliance Power between September 17, 2026, and September 18, 2026.
- No new news developments were reported for Reliance Power between September 17, 2026, and September 18, 2026.

### Official Filings

Reliance Power Limited (RPOWER) has disclosed its involvement as an accused in a first supplementary chargesheet filed by the Central Bureau of Investigation (CBI) related to the Reliance Commercial Finance Limited matter, as reported on September 7, 2026. The company has stated its intention to take necessary legal steps to protect its interests. In financial updates, RPOWER reported a consolidated profit after tax of ₹6,471 lakhs for the quarter ended June 30, 2026, a significant improvement from a loss of ₹49,386 lakhs in the same period last year. However, the company and its subsidiaries are subject to ongoing investigations by the Enforcement Directorate and CBI. Additionally, a subsidiary, Samalkot Power Limited, is undergoing a Corporate Insolvency Resolution Process initiated by its lender. On August 14, 2026, the company's 32nd Annual General Meeting (AGM) saw all seven resolutions passed, including the adoption of financial statements for the fiscal year ended March 31, 2026, and approvals for the issuance of securities via Qualified Institutions Placement (QIP) and Non-Convertible Debentures (NCDs), with 82.02% and 91.64% of votes in favor, respectively. The company also reported the lapse of 343,200,000 warrants from a preferential issue, resulting in the forfeiture of ₹302.62 crore, while the utilized funds from the preferential issue were found to be in order by the monitoring agency.

- On September 7, 2026, RPOWER disclosed it is named as an accused in a CBI chargesheet concerning Reliance Commercial Finance Limited.
- For the quarter ended June 30, 2026, RPOWER reported a consolidated profit after tax of ₹6,471 lakhs, compared to a loss of ₹49,386 lakhs in the prior year's corresponding quarter.
- The company and its subsidiaries face ongoing investigations by the Enforcement Directorate and CBI.
- At the AGM on August 14, 2026, resolutions for the adoption of FY26 financial statements, re-appointment of directors, auditor appointments, and issuance of securities via QIP (82.02% approval) and NCDs (91.64% approval) were passed.
- On August 6, 2026, RPOWER reported the lapse of 343,200,000 warrants from a preferential issue, leading to a forfeiture of ₹302.62 crore.

- Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015. |SUBJECT: General Updates
- Reliance Power Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- Reliance Power Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company |SUBJECT: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
- Reliance Power Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 14, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting
- RELIANCE POWER LIMITED has informed the Exchange about Board Meeting to be held on 06-Aug-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended June 2026 . |SUBJECT: Board Meeting Intimation

### Fundamentals

Reliance Power's recent operating performance shows fluctuations. Revenue from operations has seen a slight increase, moving from ₹1,872.84 crore in Q3 FY2025-26 to ₹1,956.32 crore in Q1 FY2026-27. However, profitability has been more volatile. The company reported a Profit Before Tax of ₹100.13 crore in Q3 FY2025-26, which turned into a loss of ₹425.52 crore in Q4 FY2025-26, before recovering to a profit of ₹115.93 crore in Q1 FY2026-27. Similarly, net profit for the period followed this trend, with a profit of ₹25.11 crore in Q3 FY2025-26, a loss of ₹494 crore in Q4 FY2025-26, and a profit of ₹64.71 crore in Q1 FY2026-27. Finance costs have also varied, standing at ₹371.26 crore in Q3 FY2025-26, increasing to ₹474.06 crore in Q4 FY2025-26, and then decreasing to ₹386.63 crore in Q1 FY2026-27. Investors may want to monitor the company's ability to maintain consistent profitability and manage its finance costs.

- Revenue from operations increased sequentially from ₹1,872.84 crore in Q3 FY2025-26 to ₹1,956.32 crore in Q1 FY2026-27.
- Profit Before Tax was ₹100.13 crore in Q3 FY2025-26, turned to a loss of ₹425.52 crore in Q4 FY2025-26, and recovered to ₹115.93 crore in Q1 FY2026-27.
- Profit/Loss for the period was ₹25.11 crore in Q3 FY2025-26, a loss of ₹494 crore in Q4 FY2025-26, and ₹64.71 crore in Q1 FY2026-27.
- Finance costs were ₹371.26 crore in Q3 FY2025-26, ₹474.06 crore in Q4 FY2025-26, and ₹386.63 crore in Q1 FY2026-27.

### Bull Case

The company's stock is currently trading at ₹21.05 as of September 17, 2026. While several technical indicators suggest a bearish trend across daily, weekly, and monthly timeframes, with Supertrend values indicating bearish conditions on all observed periods, the stock is positioned near immediate support levels. The nearest identified support is at ₹20.82, which is 1.08% below the current price. Additionally, the stock is trading below its 20-day and 50-day Exponential Moving Averages (EMA) and Simple Moving Averages (SMA), with negative slopes observed in the daily SMAs, indicating a short-term downward price momentum.

- As of September 17, 2026, the stock price is ₹21.05.
- The nearest support level is identified at ₹20.82, approximately 1.08% below the current price.
- Daily moving averages (20-day EMA and SMA) are above the current price at ₹21.99 and ₹22.09 respectively, with negative slopes.
- The 50-day moving averages (EMA and SMA) are also above the current price at ₹23.09 and ₹23.14 respectively, with negative slopes.

### Bear Case

Reliance Power's technical indicators suggest a prevailing bearish trend across multiple timeframes. The daily trend shows the closing price at ₹21.05, below both the 20-day Exponential Moving Average (EMA) of ₹21.99 and the 50-day EMA of ₹23.09. The slopes of these EMAs are negative, indicating a downward momentum. Furthermore, the Supertrend indicator is in a bearish direction on daily, weekly, and monthly charts, with values of ₹22.8, ₹26.83, and ₹45.56 respectively. The stock has experienced significant negative returns over various periods, including a return of -57% over the last year and -39% year-to-date. Volatility metrics are also notable, with annualized volatility at 58% and a current drawdown of -70%.

- The daily Supertrend indicator is bearish at ₹22.8.
- The weekly Supertrend indicator is bearish at ₹26.83.
- The monthly Supertrend indicator is bearish at ₹45.56.
- The stock has returned -57% over the past year.
- The year-to-date return is -39%.
- Annualized volatility stands at 58%.

### FAQs

**What is Reliance Power's recent financial performance as of August 6, 2026?**

For the quarter ended June 30, 2026, Reliance Power Limited reported a consolidated profit after tax of ₹6,471 lakhs. This is a significant improvement compared to a loss of ₹49,386 lakhs in the same period of the previous year. However, the company and its subsidiaries are involved in ongoing investigations by the Enforcement Directorate and CBI, and a subsidiary, Samalkot Power Limited, is undergoing a Corporate Insolvency Resolution Process initiated by its lender.

**What material corporate actions were approved at Reliance Power's Annual General Meeting on August 14, 2026?**

At the 32nd Annual General Meeting held on August 14, 2026, all seven resolutions were passed by shareholders. Key approvals included the adoption of audited financial statements for the fiscal year ended March 31, 2026, the re-appointment of director Sachin Mohapatra, and the appointment of Dr. Avinash Gupta as an independent director. Additionally, shareholders approved the issuance of securities through Qualified Institutions Placement (QIP) with 82.02% of votes in favor, and Non-Convertible Debentures (NCDs) with 91.64% of votes in favor.

**What legal proceedings is Reliance Power currently involved in?**

Reliance Power Limited disclosed on September 7, 2026, that it has been named as an accused in a first supplementary chargesheet filed by the Central Bureau of Investigation (CBI) related to the Reliance Commercial Finance Limited matter. The company has stated it will take appropriate steps to protect its interests.

**What is the current technical trend for Reliance Power based on its daily indicators as of September 17, 2026?**

As of September 17, 2026, Reliance Power's daily technical indicators suggest a bearish trend. The Supertrend indicator is showing a 'bearish' direction at 22.8. The Exponential Moving Average (EMA) 20 is at 21.99 with a negative slope of -0.51 over 5 periods, and the Simple Moving Average (SMA) 20 is at 22.09 with a negative slope of -0.34 over 5 periods. The closing price on this date was ₹21.05.

- Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015. |SUBJECT: General Updates
- Reliance Power Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- Reliance Power Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company |SUBJECT: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
- Reliance Power Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 14, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Insufficient History
- Pivot point: ₹21.08
- Risk regime: Higher Price Risk

### Support levels
- 20.8
- 20.17
- 20.753333333333337

### Resistance levels
- 23.345
- 23.8
- 24.191250000000004

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.38% |
| return_10 | -4.09% |
| return_1m | -5.88% |
| return_1y | -55.46% |
| return_20 | -4.60% |
| return_3m | -20.74% |
| return_5 | -3.25% |
| return_6m | -7.08% |
| return_since_start | -52.76% |
| return_ytd | -39.14% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -71.43% |
| annualized_volatility | +57.80% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Return to Profitability as Finance Costs Decline

Reliance Power Limited reported net profit of ₹64.71 crore for the quarter ended 30 June 2026, reversing a ₹494 crore loss in the preceding quarter. The improvement was supported by a sharp fall in finance costs, nearly flat total expenses, and a modest rise in revenue from operations. Earnings per share turned positive, while the company’s paid‑up share capital remained unchanged.

## Profitability Turns Positive

Profit Before Tax swung to ₹115.93 crore in the June 2026 quarter, a ₹541.45 crore improvement from a loss of ₹425.52 crore in the March 2026 quarter. Compared with the same quarter a year earlier, Profit Before Tax was 60.35% higher.

Net profit followed the same pattern. The ₹64.71 crore profit for the June 2026 quarter compared with a loss of ₹494 crore in the prior quarter and a profit of ₹44.68 crore in the year‑ago quarter.

## Revenue and Expenses

Revenue from operations grew to ₹1,956.32 crore, up 3.66% from the March 2026 quarter and 3.75% from the June 2025 quarter.

Total expenses came in at ₹1,987.82 crore. This was nearly unchanged from the previous quarter (a 0.12% decline) and 1.78% higher than in the same quarter last year.

## Finance Costs Move Lower

Finance costs declined sharply, falling 18.44% from the prior quarter to ₹386.63 crore. They were also 9.21% lower than the ₹425.87 crore recorded in the year‑ago quarter. The reduction in this expense line was a significant contributor to the return to profitability.

## Tax and Earnings Per Share

Tax expense for the quarter stood at ₹51.22 crore. This was 25.05% lower than in the March 2026 quarter but 85.45% higher than in the June 2025 quarter, broadly corresponding with the movement in pre‑tax profit.

Basic and diluted earnings per share both came to ₹0.16, compared with a loss of ₹1.19 per share in the preceding quarter and a profit of ₹0.11 per share a year earlier. Paid‑up equity share capital remained at ₹4,135.78 crore, indicating that the improvement in per‑share earnings did not reflect any share dilution.

## Key Takeaway

Reliance Power’s June 2026 quarter was marked by a return to profitability. The swing from a large loss in the previous quarter was aided by a substantial reduction in finance costs, steady total expenses, and moderate revenue growth, resulting in a positive earnings per share.

### Ratios

## Official filings

- 2026-09-07 — Generic Announcement: Reliance Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RPOWER_07092026223646_RPower_Disclosure_Reg_30.pdf)
- 2026-08-22 — Generic Announcement: Reliance Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RPOWER_22082026150650_Reliance_Power_Cover_Letter_Newspaper_Advt_2208.pdf)
- 2026-08-17 — Litigation Disclosure: Reliance Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RPOWER_17082026225459_RPower_Disclosure_Reg_30_STF17_CBI_Court.pdf)
- 2026-08-14 — Generic Announcement: Reliance Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/RPOWER_14082026210515_Letter_to_SE_Voting_Results_AGM_2026.pdf)
- 2026-08-06 — Generic Announcement: Reliance Power Limited's Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026, on August 6, 2026. The company reported a consolidated profit after tax of Rs. 6,471 lakhs for the quarter, compared to a loss of Rs. 49,386 lakhs in the same period last year. However, the company and its subsidiaries face ongoing investigations by the Enforcement Directorate and CBI, and a subsidiary, Samalkot Power Limited, is subject to a Corporate Insolvency Resolution Process initiated by its lender. — [Official attachment](https://nsearchives.nseindia.com/corporate/RPOWER_06082026193934_Reliance_Power_Outcome_of_BM_06082026_Signed.pdf)
- 2026-08-06 — Generic Announcement: For the quarter ended June 30, 2026, Reliance Power Limited reported that 343,200,000 warrants from its preferential issue lapsed, resulting in the forfeiture of Rs 302.62 crore. The company received a total of Rs 694.65 crore from the preferential issue, which it has fully utilized. Infomerics Valuation and Rating Limited, the monitoring agency, found no deviation in the utilization of funds. — [Official attachment](https://nsearchives.nseindia.com/corporate/RPOWER_06082026200257_Rpower_Letter_to_SE_Report_of_Monitoring_Agency_Signed.pdf)
- 2026-08-03 — Generic Announcement: Reliance Power Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2714_WebXMLFile_20260803_215838242.xml)
- 2026-07-24 — Generic Announcement: Reliance Power Limited has dispatched the notice for its 32nd Annual General Meeting (AGM), scheduled for August 14, 2026, at 12:00 Noon IST via Video Conferencing. The AGM notice and Annual Report 2025-26 were sent electronically on July 23, 2026, to members with registered email addresses. Remote e-voting is available from August 10 to August 13, 2026, with a cut-off date of August 7, 2026, for entitlement. — [Official attachment](https://nsearchives.nseindia.com/corporate/RPOWER_24072026194005_LettertoSENewspaperAdvertisementPost.pdf)
- 2026-07-23 — Generic Announcement: Reliance Power Limited announced its 32nd Annual General Meeting will be held on August 14, 2026, at 12:00 Noon IST via Video Conferencing. The company is also conducting e-auctions for the sale of its properties, with the auction dates ranging from July 23, 2026, to August 12, 2026, for various properties including land and buildings. — [Official attachment](https://nsearchives.nseindia.com/corporate/RPOWER_23072026141739_Letter_to_SE_Newspaper_Advertisement_Pre.pdf)
- 2026-07-23 — Official Filing: Reliance Power Limited will hold its 32nd Annual General Meeting on Friday, August 14, 2026, at 12:00 PM via Video Conference. The agenda includes adopting the financial statements for the year ended March 31, 2026, re-appointing Shri Sachin Mohapatra as a Director, appointing M/s. Kailash Chand Jain & Co. as Statutory Auditors until September 30, 2031, appointing Dr. Avinash Gupta as an Independent Director until May 20, 2031, and approving remuneration for Cost Auditors for the financial year ending March 31, 2027. The meeting will also address the issuance of securities through Qualified Institutions Placement and the issuance of Non-Convertible Debentures.
- 2026-07-23 — Generic Announcement: Reliance Power Limited is informing members, whose email addresses are not registered, about the availability of its Annual Report for the Financial Year 2025-26 and the Notice of the 32nd Annual General Meeting. The AGM is scheduled for August 14, 2026, at 12:00 Noon IST, to be held through Video Conferencing. The Annual Report and AGM Notice can be accessed via web links and QR codes on the company's website, stock exchange websites, and KFintech's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/RPOWER_23072026233301_Letter_to_SE_Letter_to_Shareholders_Reg_36_1_b.pdf)
- 2026-07-23 — Generic Announcement: Reliance Power Limited will hold its 32nd Annual General Meeting on August 14, 2026, via video conference. The company has released its Annual Report for the 2025-26 financial year, which includes a notice for the AGM. Key agenda items include adopting financial statements, re-appointing a director, appointing statutory auditors, and approving remuneration for cost auditors. The company is also seeking authorization to raise up to ₹6,000 crore through Qualified Institutions Placement (QIP) and up to ₹3,000 crore via Non-Convertible Debentures (NCDs). — [Official attachment](https://nsearchives.nseindia.com/corporate/RPOWER_23072026223648_LettertoSENoticeofAGMAnnualReport.pdf)
- 2026-07-18 — Official Filing: On July 18, 2026, the Central Bureau of Investigation (CBI) conducted a search and seizure operation at Reliance Power Limited's registered office, which has since concluded. The operation was in connection with transactions involving Reliance Commercial Finance Limited and Reliance Home Finance Limited. The company stated it fully cooperated with the CBI and expects no impact on its business operations.
- 2026-07-18 — Generic Announcement: The Central Bureau of Investigation (CBI) conducted a search and seizure operation at Reliance Power Limited's registered office premises, which has now concluded. The operation is in connection with transactions involving Reliance Commercial Finance Limited and Reliance Home Finance Limited. The company stated there is no impact on its business operations and it continues to operate normally. — [Official attachment](https://nsearchives.nseindia.com/corporate/RPOWER_18072026224504_Disclosure_Reg_30_Search_Seizure_CBI.pdf)
- 2026-07-11 — Official Filing: On July 11, 2026, Reliance Power Limited received a Provisional Attachment Order No. 33/2026 from the Enforcement Directorate (ED) concerning alleged violations of PMLA. The order provisionally attaches shares of Reliance Power held by its promoter, Reliance Infrastructure Limited, valued at Rs. 762.75 crore. Additionally, it attaches receivables from wholly-owned subsidiaries Sasan Power Limited (Rs. 116.96 crore) and Reliance Cleangen Limited (Rs. 141.48 crore). The expected impact on Reliance Power's financial and operational activities is Rs. 258.44 crore for the period 2017-2019.
- 2026-07-11 — Generic Announcement: Reliance Power Limited received a Provisional Attachment Order on July 10, 2026, from the Enforcement Directorate (ED). The order provisionally attaches shares of Reliance Power held by its promoter, Reliance Infrastructure Limited, valued at Rs. 762.75 crore. Additionally, it attaches receivables from Sasan Power Limited (SPL) amounting to Rs. 116.96 crore and receivables of Reliance Cleangen Limited (RCL) from Reliance Power totaling Rs. 141.48 crore. The alleged violations pertain to the Prevention of Money Laundering Act (PMLA) for the period 2017 to 2019, with expected financial implications for Reliance Power totaling Rs. 258.44 crore. — [Official attachment](https://nsearchives.nseindia.com/corporate/RPOWER_11072026235940_RpowerSEDisclosurePAO332026STF17.pdf)
- 2026-07-09 — Shareholding Disclosure: Reliance Infrastructure Limited, on behalf of itself and other promoter group entities, declared on April 10, 2026, that no shares of Reliance Power Limited were encumbered. This declaration was made pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Reliance Innoventures Private Limited and its subsidiaries have ceased to be part of the promoter and promoter group of Reliance Power Limited due to a change in ownership following a National Company Law Tribunal order on January 6, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/team_bbodade_03072026164903_RPOWER.pdf)
- 2026-07-02 — Generic Announcement: Reliance Power Limited received an order dated June 29, 2026, from the Income Tax Department levying a penalty of Rs. 2,44,93,394/- under Section 271(1)(c) of the Income-tax Act, 1961, for Assessment Year 2016-17. The penalty is related to disallowance under Section 14A read with Rule 8D and a transfer pricing adjustment. The company plans to appeal the order, expecting a favorable outcome, and states there is no other impact on its financial or operational activities beyond the penalty amount. — [Official attachment](https://nsearchives.nseindia.com/corporate/RPOWER_02072026220659_Disclosure_Reg_30_Imposition_of_Penalty.pdf)
- 2026-06-30 — Generic Announcement: Reliance Power Limited, through its subsidiaries, has incorporated Artificial Intelligence and related technology-driven activities into its business framework to participate in the AI field. This includes adopting new subsidiary names: Reliance AI Green Power Private Limited, Reliance AI Power Private Limited, Reliance AI Data Control Private Limited, and Reliance AI Data C Private Limited. The update was provided on June 30, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/RPOWER_30062026100647_SEDiclosure_Subsidiaries_AI_RPower.pdf)
- 2026-06-26 — Generic Announcement: Reliance Power Limited will close its trading window for designated persons from July 01, 2026, until 48 hours after the declaration of unaudited financial results for the quarter ending June 30, 2026. This closure is in accordance with the company's code of conduct and SEBI regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/RPOWER_26062026190712_Reliance_Power_Closure_of_Trading_Window_June_2026.pdf)
- 2026-06-23 — Generic Announcement: Reliance Power Limited has published a notice regarding a special window for shareholders to facilitate the transfer and dematerialization of physical shares sold/purchased before April 1, 2019. This window is open until February 4, 2027, as per a SEBI circular dated January 30, 2026. The information is also available on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/RPOWER_23062026221636_Reliance_Power_Newspaper_SE.pdf)
- 2026-05-21 — Generic Announcement: Reliance Power Limited's Board of Directors approved audited financial results for the year ended March 31, 2026, on May 21, 2026. The board also approved the appointment of Dr. Avinash Gupta as an Independent Director for five years and M/s Kailash Chand Jain & Co. as Statutory Auditors for five years. Additionally, the company is seeking authorization to raise up to ₹6,000 crore through equity issuance and up to ₹3,000 crore via non-convertible debentures. — [Official attachment](https://nsearchives.nseindia.com/corporate/RPOWER_21052026214354_Reliance_Power_outcome_of_Board_Meeting.pdf)
- 2026-05-21 — Generic Announcement: Reliance Power Limited's Board of Directors approved audited financial results for the year ended March 31, 2026, on May 21, 2026. The board also approved the appointment of Dr. Avinash Gupta as an Independent Director for five years and M/s Kailash Chand Jain & Co. as Statutory Auditors for five years. Additionally, the company is seeking authorization to raise up to ₹6,000 crore through equity issuance and up to ₹3,000 crore via non-convertible debentures. — [Official attachment](https://nsearchives.nseindia.com/corporate/RPOWER_21052026215021_Reliance_Power_outcome_of_Board_Meeting.pdf)
- 2026-05-20 — Generic Announcement: Reliance Power Limited received a confirmation of provisional attachment of certain assets amounting to Rs. 407.60 crore from the Adjudicating Authority, PMLA, via an order dated May 18, 2026. The attachment is for alleged violations of PMLA and is applicable for up to 365 days, subject to appeal outcomes. The company stated there is no impact on its business operations and will file an appeal challenging the attachment. — [Official attachment](https://nsearchives.nseindia.com/corporate/RPOWER_20052026222421_Reg_30_Reliance_Power_Attachment_Order.pdf)
- 2026-05-15 — Generic Announcement: Reliance Power Limited's Monitoring Agency Report for the quarter ended March 31, 2026, prepared by Infomerics Valuation and Rating Limited, indicates no deviation from the objects of the preferential issue of warrants totaling Rs. 1,524.60 crore. The company utilized Rs. 26.49 crore for general corporate purposes during the quarter, with no material deviations observed from the offer document's disclosures. — [Official attachment](https://nsearchives.nseindia.com/corporate/RPOWER_15052026221059_Letter_to_SE_Report_of_Monitoring_Agency.pdf)

## News and market events

- 2026-09-07 — IANSLIVE.IN: **CBI files 2nd chargesheet in RCFL case, lists 8 Anil Ambani group firms** — New Delhi, Sep 7 (IANS) The Central Bureau of Investigation (CBI) filed a supplementary chargesheet on Monday against 17 more accused persons in the Reliance Commercial Finance Limited (RCFL) case, including three executives of the Anil Ambani-led Reliance ADA Group (Reliance Anil Dhirubhai Ambani Group), eight group companies and six bank officials. — [Source](https://ianslive.in/cbi-files-2nd-chargesheet-in-rcfl-case-lists-8-anil-ambani-group-firms--20260907195103)
- 2026-09-07 — BUSINESSTODAY: **Reliance Finance case gets bigger: CBI chargesheets 17 more, including Group MD, CFO, company secretary** — CBI Reliance Commercial Finance case, Reliance ADA Group case, Rs 6229 crore fund diversion, Reliance Commercial Finance chargesheet, CBI chargesheet Reliance, Amitabh Jhunjhunwala, Amit Bapna, Reliance Power CBI case, Rs 9280 crore bank loss, Reliance ADA Group investigation — [Source](https://www.businesstoday.in/latest/corporate/story/reliance-finance-case-gets-bigger-cbi-chargesheets-17-more-including-group-md-cfo-company-secretary-553767-2026-09-07)
- 2026-08-18 — The Hindu: **Sensex today | Stock Market Live: Sensex down 250 pts in early trade, Nifty below 24,250; Infosys, IndiGo top losers** — Sensex, Nifty, Share Prices LIVE: Indian stocks open on a negative note on Tuesday amid mixed global cues — [Source](https://www.thehindubusinessline.com/markets/stock-market-live-sensex-nifty50-today-live-updates-today-18th-august-2026/article71358725.ece)
- 2026-08-18 — BUSINESSTODAY: **Reliance Power, Reliance Infra shares in focus today; here's why** — Reliance Power share price, Reliance Infra share price, RInfra share price, RPower share price — [Source](https://www.businesstoday.in/markets/stocks/story/reliance-power-reliance-infra-shares-in-focus-today-heres-why-549682-2026-08-18)
- 2026-08-09 — Economic Times: **ED files chargesheets in 2 PMLA cases against Anil Ambani Group companies, ex-executives** — The Enforcement Directorate has filed chargesheets in two money-laundering cases involving Reliance Anil Ambani Group companies and former executives. The cases concern alleged diversion of funds linked to road projects and Reliance Communications, with the ED attaching assets in both investigations. — [Source](https://economictimes.indiatimes.com/news/india/ed-files-chargesheets-in-2-pmla-cases-against-anil-ambani-group-companies-ex-executives/articleshow/133073666.cms)
- 2026-08-09 — IANSLIVE.IN: **ED files case against Reliance Infra for diverting Rs 187 crore from highway projects** — New Delhi, Aug 9 (IANS) The Directorate of Enforcement (ED) has filed a prosecution complaint against Anil Ambani Group company Reliance Infrastructure Ltd. under the Prevention of Money Laundering Act (PMLA) in a special court here, according to a statement issued by the investigative agency on Sunday. — [Source](https://ianslive.in/ed-files-case-against-reliance-infra-for-diverting-rs-187-crore-from-highway-projects--20260809165703)
- 2026-08-09 — DECCANCHRONICLE.COM: **ED Files Chargesheets In 2 PMLA Cases Against Anil Ambani Group Companies, Ex-executives** — Doshi was arrested by the ED in June and Seth in July, and they are currently in prison under judicial custody. Doshi left the RAAG in 2020. — [Source](https://www.deccanchronicle.com/nation/crime/ed-files-chargesheets-in-2-pmla-cases-against-anil-ambani-group-companies-ex-executives-1977870)
- 2026-08-07 — The Hindu: **Q1 Results 07th Aug Live: SBI, Titan, Hindalco, Hitachi Energy, Power Finance Corporation, Godrej Consumer, Oil India, NLC, Cupid, Kaynes Tech, Ramco Cements, Afcons Infra, Lemon Tree Hotels, Cello to announce Q1 results, LIC, Hero Motocorp, Britannia, Siemens Energy, Muthoot Microfin shares gain, Trent, Premier Energies decline after Q1** — Q1 Results Today, 07th August 2026 Live Updates: Find all the latest Q1 results 2026 updates of Aarti Pharmalabs, Advait Energy Transitions, Amba Enterprises, Afcons Infrastructure, AG Ventures, Akshar Spintex, Alankit, Anuh Pharma, APM Industries, Aqylon Nexus, Archidply Industries, Arihant Superstructures, Arnold Holdings, Aro Granite Industries, Arvind SmartSpaces, Aryan Share and Stock Brokers, Asarfi Hospital, Ashapura Minechem, Ashirwad Steels & Industries, Asit C Mehta Financial Services,... — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-sbi-titan-hindalco-power-finance-corporation-godrej-consumer-oil-india-nlc-kaynes-tech-ramco-cements-afcons-infra-lemon-tree-cello-hitachi-lic-trent-results-07-august-202/article71313123.ece)
- 2026-07-21 — Mint: **SBI Funds prove big debuts can beat bad market days** — A Mint analysis of India's 20 largest IPOs shows market sentiment often shapes listing-day performance, though strong institutional demand can cushion even volatile market debuts. — [Source](https://www.livemint.com/market/stock-market-news/sbi-funds-management-ipo-sbi-funds-listing-ipo-listing-gains-ipo-listing-day-performance-largest-ipos-in-india-11784550778215.html)
- 2026-07-17 — The Hindu: **The IPO paradox: Why bigger isn’t always better** — For most large IPOs, post listing performance is abysmal — [Source](https://www.thehindubusinessline.com/markets/the-ipo-paradox-why-bigger-isnt-always-better/article71234580.ece)
- 2026-07-15 — Times of India: **ADAG companies siphoned off loan money via 53 shell firms: ED** — India News: NEW DELHI: The Enforcement Directorate has informed Supreme Court that NBFC entities of Reliance ADAG - Reliance Home Finance Ltd and Reliance Commerc. — [Source](https://timesofindia.indiatimes.com/india/adag-companies-siphoned-off-loan-money-via-53-shell-firms-ed/articleshow/132403728.cms)
- 2026-07-11 — Orissa POST: **Enforcement Directorate attaches Reliance Power shares, loan receivables worth Rs 1,021 crore - OrissaPOST** — New Delhi: The Enforcement Directorate (ED) on Saturday said it has issued a fresh order to attach assets worth Rs 1,021 crore as part of a money laundering investigation against the Reliance Anil Ambani Group. The provisional order, issued under the Prevention of Money Laundering Act (PMLA), attaches equity shares of Reliance Power held by […] — [Source](https://www.orissapost.com/enforcement-directorate-attaches-reliance-power-shares-loan-receivables-worth-rs-1021-crore)

## Business profile

**Strategic vision:** Develops, constructs, and operates power projects globally.

### Business segments
- **Coal-fired Power Generation:** Operates large-scale thermal power projects, including integrated mine-mouth plants and standalone stations.
- **Gas-fired Power Generation:** Owns power projects designed to operate on natural gas.
- **Renewable Energy Assets:** Operates a portfolio of clean energy assets including solar, wind, and hydroelectric projects.

### Competitive strengths
- Integrated power project development and operation
- Diverse energy generation portfolio

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/rpower
Markdown representation: https://faxioms.com/stocks/rpower?render=md