Reliance Power
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Corrects bids received from institutional buyers to $25 billion from $2.5 billion in paragraph 5
By Vivek Kumar M
July 16 (Reuters) - India's SBI Funds Management drew bids worth 3 trillion Indian rupees ($31.14 billion), making the asset manager's $1.03 billion initial public offering (IPO) the country's fourth-most-subscribed issue.
The subscription numbers include $278.5 million raised from anchor investors, including BlackRock and sovereign wealth funds from Singapore, Abu Dhabi, and Norway.
The IPO, which closed on Thursday, marked a strong comeback for India's primary market after a subdued first half of the year. India is expected to see a busy pipeline of public offerings in the second half of the year, with mega listings from Reliance Jio and National Stock Exchange expected before the end of 2026.
SBI Funds Management, a joint venture between the country's largest lender State Bank of India (SBI) SBI.NS and Europe's biggest asset manager Amundi AMUN.PA, is India's largest asset manager, overseeing funds worth 12.5 trillion rupees ($131 billion) as of March 2026.
The demand for SBI Funds Management's shares was led by institutional investors, who bid for $25 billion worth of shares, 140 times the number of shares on offer for them, exchange data showed.
The portion set aside for retail investors and SBI's shareholders was subscribed 3.6 times and 9.5 times, respectively.
The stock is expected to begin trading on July 21.
SBI Funds' IPO stands behind public offerings of Reliance Power RPOL.NS, LG Electronics India LGEL.NS, and Bajaj Housing Finance BAJO.NS, in terms of quantum of bids received, data from PRIME Database showed.
The asset manager is well placed to capitalise on its market leadership, strong distribution network and robust profitability, analysts at Aditya Birla Money said in a note dated July 14.
So far this year, India has seen IPOs worth nearly $4 billion, sharply below last year's $21.8 billion. However, the activity is expected to pick up in the second half of 2026, with 251 companies planning to raise 4.93 trillion rupees ($51.7 billion) in the pipeline, as per PRIME Database.
"Heavy bidding (for SBI Funds IPO) signals that investors are willing to commit fresh capital to quality franchises, which can help revive sentiment for the upcoming (IPO) pipeline," said Dhiraj Relli, managing director and chief executive officer at HDFC Securities.
($1 = 96.3450 Indian rupees)
(Reporting by Vivek Kumar M; Editing by Alexandra Hudson)
(([email protected];))
Corrects bids received from institutional buyers to $25 billion from $2.5 billion in paragraph 5
By Vivek Kumar M
July 16 (Reuters) - India's SBI Funds Management drew bids worth 3 trillion Indian rupees ($31.14 billion), making the asset manager's $1.03 billion initial public offering (IPO) the country's fourth-most-subscribed issue.
The subscription numbers include $278.5 million raised from anchor investors, including BlackRock and sovereign wealth funds from Singapore, Abu Dhabi, and Norway.
The IPO, which closed on Thursday, marked a strong comeback for India's primary market after a subdued first half of the year. India is expected to see a busy pipeline of public offerings in the second half of the year, with mega listings from Reliance Jio and National Stock Exchange expected before the end of 2026.
SBI Funds Management, a joint venture between the country's largest lender State Bank of India (SBI) SBI.NS and Europe's biggest asset manager Amundi AMUN.PA, is India's largest asset manager, overseeing funds worth 12.5 trillion rupees ($131 billion) as of March 2026.
The demand for SBI Funds Management's shares was led by institutional investors, who bid for $25 billion worth of shares, 140 times the number of shares on offer for them, exchange data showed.
The portion set aside for retail investors and SBI's shareholders was subscribed 3.6 times and 9.5 times, respectively.
The stock is expected to begin trading on July 21.
SBI Funds' IPO stands behind public offerings of Reliance Power RPOL.NS, LG Electronics India LGEL.NS, and Bajaj Housing Finance BAJO.NS, in terms of quantum of bids received, data from PRIME Database showed.
The asset manager is well placed to capitalise on its market leadership, strong distribution network and robust profitability, analysts at Aditya Birla Money said in a note dated July 14.
So far this year, India has seen IPOs worth nearly $4 billion, sharply below last year's $21.8 billion. However, the activity is expected to pick up in the second half of 2026, with 251 companies planning to raise 4.93 trillion rupees ($51.7 billion) in the pipeline, as per PRIME Database.
"Heavy bidding (for SBI Funds IPO) signals that investors are willing to commit fresh capital to quality franchises, which can help revive sentiment for the upcoming (IPO) pipeline," said Dhiraj Relli, managing director and chief executive officer at HDFC Securities.
($1 = 96.3450 Indian rupees)
(Reporting by Vivek Kumar M; Editing by Alexandra Hudson)
(([email protected];))
Reliance Power received a provisional attachment order from the Enforcement Directorate on July 11, 2026, attaching promoter Reliance Infrastructure's shares worth Rs. 762.75 crore and certain receivables of Rs. 258.44 crore. The attachments pertain to alleged PMLA violations during 2017–2019 and were issued under the Prevention of Money Laundering Act. The company stated it will take appropriate legal steps to safeguard its interests.
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Reliance Power received a provisional attachment order from the Enforcement Directorate on July 11, 2026, attaching promoter Reliance Infrastructure's shares worth Rs. 762.75 crore and certain receivables of Rs. 258.44 crore. The attachments pertain to alleged PMLA violations during 2017–2019 and were issued under the Prevention of Money Laundering Act. The company stated it will take appropriate legal steps to safeguard its interests.
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Adds details throughout on Jio Platforms
MUMBAI, June 19 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Jio Platforms filed regulatory papers for an IPO on Friday that sources said would raise about $3.8 billion, making it the country's biggest-ever stock offering.
Another IPO that is in the pipeline - by the National Stock Exchange of India - is likely to be worth about $3.3 billion.
Here are the five largest Indian IPOs to date:
HYUNDAI MOTOR INDIA
Hyundai HYUN.NS, the world's third-largest automaker and India's fourth-biggest passenger vehicle maker, raised 278.7 billion rupees ($2.95 billion) in October 2024 in what is currently India's biggest-ever IPO.
The manufacturer's South Korean parent 005380.KS sold a 17.5% stake in a pure offer-for-sale, where existing shareholders sell shares and no new capital is raised. Jio Platforms is expected to use a similar approach, with the company's major investors set to dilute their stakes.
LIFE INSURANCE CORPORATION OF INDIA
The government pocketed roughly 205 billion rupees ($2.17 billion) from selling a 3.5% stake in India's largest insurer and biggest domestic financial investor LIFI.NS, a far cry from its initial target of up to $12 billion.
The shares slid nearly 8% on their debut.
PAYTM
Paytm PAYT.NS, an Indian fintech firm, raised 183 billion rupees in November 2021 in a mix of a fresh share issue and an offer for sale. Ant Group reduced its stake to 23% from 28% and SoftBank's Vision Fund pared its holding to 16%.
Paytm lost more than 27% on its debut, the biggest listing-day drop in Indian IPO history at the time.
TATA CAPITAL
The Tata Group's financial services arm TATC.NS raised 155 billion rupees in October 2025, with Tata Sons and IFC among those selling in the offer for sale component alongside a fresh issue. The IPO was the largest-ever by a non-banking financial company in India. The shares listed at a slight premium of 1.23%.
LG ELECTRONICS INDIA
South Korean parent LG Electronics 066570.KS offloaded a 15% stake in its Indian unit LGEL.NS, a maker of refrigerators, washing machines, air conditioners and televisions, in a pure offer for sale issue, netting 116 billion rupees in October 2025.
The IPO was oversubscribed 54 times - the most heavily subscribed major Indian IPO since Reliance Power's listing in 2008 - attracting bids worth about 4.4 trillion rupees.
LG's shares surged 50% on their first day of trading, valuing the unit higher than its Seoul-based parent.
($1 = 94.3800 Indian rupees)
(Reporting by Vibhuti Sharma and Jayshree P. Upadhyay in Mumbai; Editing by AdityaKate Mayberry and Kevin Buckland)
(([email protected];))
Adds details throughout on Jio Platforms
MUMBAI, June 19 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Jio Platforms filed regulatory papers for an IPO on Friday that sources said would raise about $3.8 billion, making it the country's biggest-ever stock offering.
Another IPO that is in the pipeline - by the National Stock Exchange of India - is likely to be worth about $3.3 billion.
Here are the five largest Indian IPOs to date:
HYUNDAI MOTOR INDIA
Hyundai HYUN.NS, the world's third-largest automaker and India's fourth-biggest passenger vehicle maker, raised 278.7 billion rupees ($2.95 billion) in October 2024 in what is currently India's biggest-ever IPO.
The manufacturer's South Korean parent 005380.KS sold a 17.5% stake in a pure offer-for-sale, where existing shareholders sell shares and no new capital is raised. Jio Platforms is expected to use a similar approach, with the company's major investors set to dilute their stakes.
LIFE INSURANCE CORPORATION OF INDIA
The government pocketed roughly 205 billion rupees ($2.17 billion) from selling a 3.5% stake in India's largest insurer and biggest domestic financial investor LIFI.NS, a far cry from its initial target of up to $12 billion.
The shares slid nearly 8% on their debut.
PAYTM
Paytm PAYT.NS, an Indian fintech firm, raised 183 billion rupees in November 2021 in a mix of a fresh share issue and an offer for sale. Ant Group reduced its stake to 23% from 28% and SoftBank's Vision Fund pared its holding to 16%.
Paytm lost more than 27% on its debut, the biggest listing-day drop in Indian IPO history at the time.
TATA CAPITAL
The Tata Group's financial services arm TATC.NS raised 155 billion rupees in October 2025, with Tata Sons and IFC among those selling in the offer for sale component alongside a fresh issue. The IPO was the largest-ever by a non-banking financial company in India. The shares listed at a slight premium of 1.23%.
LG ELECTRONICS INDIA
South Korean parent LG Electronics 066570.KS offloaded a 15% stake in its Indian unit LGEL.NS, a maker of refrigerators, washing machines, air conditioners and televisions, in a pure offer for sale issue, netting 116 billion rupees in October 2025.
The IPO was oversubscribed 54 times - the most heavily subscribed major Indian IPO since Reliance Power's listing in 2008 - attracting bids worth about 4.4 trillion rupees.
LG's shares surged 50% on their first day of trading, valuing the unit higher than its Seoul-based parent.
($1 = 94.3800 Indian rupees)
(Reporting by Vibhuti Sharma and Jayshree P. Upadhyay in Mumbai; Editing by AdityaKate Mayberry and Kevin Buckland)
(([email protected];))
Updates to add IPO filing by NSE
MUMBAI, June 18 (Reuters) - The National Stock Exchange of India has filed draft papers for a long-delayed listing that will be one of two mega initial public offerings in the country this year, alongside billionaire Mukesh Ambani's Reliance Jio.
NSE's IPO is likely to be worth $3.3 billion, based on its share price in private markets, and comes after years of regulatory delays. Existing investors will sell 6% of the company's equity as part of the issue, which will be a pure offer-for-sale with no fresh equity being raised.
Ambani's AI-to-telecoms arm Reliance Jio Platforms is also gearing up for a stock offering that will likely be India's biggest ever.
Sources told Reuters in January that the IPO could be worth as much as $4 billion, though final numbers will only be decided later. In November, investment bank Jefferies estimated that Reliance Jio's valuation stood at $180 billion.
Here are the five largest Indian IPOs of all time before NSE and Jio Platforms:
HYUNDAI MOTOR INDIA
Hyundai HYUN.NS, the world's third-largest automaker and India's fourth-biggest passenger vehicle maker, raised 278.7 billion Indian rupees ($2.95 billion) in October 2024 in India's largest-ever IPO.
The manufacturer's South Korean parent 005380.KS sold a 17.5% stake in a pure offer-for-sale, where existing shareholders sell shares and no new capital is raised. Jio Platforms is expected to use a similar approach, with the company's major investors expected to dilute their stakes.
LIFE INSURANCE CORPORATION OF INDIA
The government pocketed roughly 205 billion Indian rupees from selling a 3.5% stake in India's largest insurer and biggest domestic financial investor LIFI.NS, a far cry from its initial target of up to $12 billion.
The shares slid nearly 8% on their debut.
PAYTM
Paytm PAYT.NS, India's fintech firm, raised 183 billion Indian rupees in November 2021 in a mix of a fresh share issue and an offer for sale. Ant Group reduced its stake to 23% from 28% and SoftBank's Vision Fund pared its holding to 16%.
Paytm lost more than 27% on its debut, the biggest listing-day drop in Indian IPO history at the time.
TATA CAPITAL
The Tata Group's financial services arm TATC.NS raised 155 billion Indian rupees in October 2025, with Tata Sons and IFC among those selling in the offer for sale component alongside a fresh issue. The IPO was the largest-ever by a non-banking financial company in India.
The shares listed at a slight premium of 1.23%.
LG ELECTRONICS INDIA
South Korean parent LG Electronics 066570.KS offloaded a 15% stake in its Indian unit LGEL.NS, a maker of refrigerators, washing machines, air conditioners and televisions, in a pure offer for sale issue, netting 116 billion Indian rupees in October 2025.
The IPO was oversubscribed 54 times - the most heavily subscribed major Indian IPO since Reliance Power's listing in 2008 - attracting bids worth about 4.4 trillion rupees.
LG's shares surged 50% on their first day of trading, valuing the unit higher than its Seoul-based parent.
($1 = 94.3800 Indian rupees)
(Reporting by Vibhuti Sharma and Jayshree P. Upadhyay in Mumbai; Editing by Aditya Kalra, Kate Mayberry and Kevin Buckland)
(([email protected];))
Updates to add IPO filing by NSE
MUMBAI, June 18 (Reuters) - The National Stock Exchange of India has filed draft papers for a long-delayed listing that will be one of two mega initial public offerings in the country this year, alongside billionaire Mukesh Ambani's Reliance Jio.
NSE's IPO is likely to be worth $3.3 billion, based on its share price in private markets, and comes after years of regulatory delays. Existing investors will sell 6% of the company's equity as part of the issue, which will be a pure offer-for-sale with no fresh equity being raised.
Ambani's AI-to-telecoms arm Reliance Jio Platforms is also gearing up for a stock offering that will likely be India's biggest ever.
Sources told Reuters in January that the IPO could be worth as much as $4 billion, though final numbers will only be decided later. In November, investment bank Jefferies estimated that Reliance Jio's valuation stood at $180 billion.
Here are the five largest Indian IPOs of all time before NSE and Jio Platforms:
HYUNDAI MOTOR INDIA
Hyundai HYUN.NS, the world's third-largest automaker and India's fourth-biggest passenger vehicle maker, raised 278.7 billion Indian rupees ($2.95 billion) in October 2024 in India's largest-ever IPO.
The manufacturer's South Korean parent 005380.KS sold a 17.5% stake in a pure offer-for-sale, where existing shareholders sell shares and no new capital is raised. Jio Platforms is expected to use a similar approach, with the company's major investors expected to dilute their stakes.
LIFE INSURANCE CORPORATION OF INDIA
The government pocketed roughly 205 billion Indian rupees from selling a 3.5% stake in India's largest insurer and biggest domestic financial investor LIFI.NS, a far cry from its initial target of up to $12 billion.
The shares slid nearly 8% on their debut.
PAYTM
Paytm PAYT.NS, India's fintech firm, raised 183 billion Indian rupees in November 2021 in a mix of a fresh share issue and an offer for sale. Ant Group reduced its stake to 23% from 28% and SoftBank's Vision Fund pared its holding to 16%.
Paytm lost more than 27% on its debut, the biggest listing-day drop in Indian IPO history at the time.
TATA CAPITAL
The Tata Group's financial services arm TATC.NS raised 155 billion Indian rupees in October 2025, with Tata Sons and IFC among those selling in the offer for sale component alongside a fresh issue. The IPO was the largest-ever by a non-banking financial company in India.
The shares listed at a slight premium of 1.23%.
LG ELECTRONICS INDIA
South Korean parent LG Electronics 066570.KS offloaded a 15% stake in its Indian unit LGEL.NS, a maker of refrigerators, washing machines, air conditioners and televisions, in a pure offer for sale issue, netting 116 billion Indian rupees in October 2025.
The IPO was oversubscribed 54 times - the most heavily subscribed major Indian IPO since Reliance Power's listing in 2008 - attracting bids worth about 4.4 trillion rupees.
LG's shares surged 50% on their first day of trading, valuing the unit higher than its Seoul-based parent.
($1 = 94.3800 Indian rupees)
(Reporting by Vibhuti Sharma and Jayshree P. Upadhyay in Mumbai; Editing by Aditya Kalra, Kate Mayberry and Kevin Buckland)
(([email protected];))
March 12 (Reuters) - India's financial crimes agency has frozen 5.82 billion rupees ($63.07 million) worth of properties linked to Reliance Home Finance Limited RLIC.NS and Reliance Commercial Finance, the Enforcement Directorate said on Thursday.
The move followed search operations conducted on March 6 in the case of Reliance Power Limited RPOL.NS under the foreign-exchange regulation law.
With this, the cumulative Reliance Anil Ambani Group attachment has reached 163.10 bln rupees.
ED said it began the probe on July 22, 2025 based on multiple FIRs from the Central Bureau of Investigation involving cheating and criminal conspiracy, following complaints by Yes Bank YESB.NS, Union Bank of India UNBK.NS and Bank of Maharashtra BMBK.NS.
The agency said Reliance Home Finance and Reliance Commercial Finance raised over 110 billion rupees in public funds from banks.
It found public funds were diverted to various Reliance Group companies through numerous shell entities controlled by the Anil Ambani-led group.
ED said it is pursuing those involved and working towards recovering the diverted funds for rightful claimants and further investigation is ongoing.
A query sent to Anil Ambani's Reliance group was not immediately answered.
($1 = 92.2770 Indian rupees)
(Reporting by Nikunj Ohri and Meenakshi Maidas in Bengaluru; Editing by Krishna Chandra Eluri)
(([email protected]; +91 8921483410;))
March 12 (Reuters) - India's financial crimes agency has frozen 5.82 billion rupees ($63.07 million) worth of properties linked to Reliance Home Finance Limited RLIC.NS and Reliance Commercial Finance, the Enforcement Directorate said on Thursday.
The move followed search operations conducted on March 6 in the case of Reliance Power Limited RPOL.NS under the foreign-exchange regulation law.
With this, the cumulative Reliance Anil Ambani Group attachment has reached 163.10 bln rupees.
ED said it began the probe on July 22, 2025 based on multiple FIRs from the Central Bureau of Investigation involving cheating and criminal conspiracy, following complaints by Yes Bank YESB.NS, Union Bank of India UNBK.NS and Bank of Maharashtra BMBK.NS.
The agency said Reliance Home Finance and Reliance Commercial Finance raised over 110 billion rupees in public funds from banks.
It found public funds were diverted to various Reliance Group companies through numerous shell entities controlled by the Anil Ambani-led group.
ED said it is pursuing those involved and working towards recovering the diverted funds for rightful claimants and further investigation is ongoing.
A query sent to Anil Ambani's Reliance group was not immediately answered.
($1 = 92.2770 Indian rupees)
(Reporting by Nikunj Ohri and Meenakshi Maidas in Bengaluru; Editing by Krishna Chandra Eluri)
(([email protected]; +91 8921483410;))
March 6 (Reuters) - Reliance Power Ltd RPOL.NS:
CLARIFIES ON MEDIA REPORTS ALLEGING ED RAIDS AT RELIANCE POWER LOCATIONS
CLARIFIES NO RAIDS HAVE OCCURRED AT ITS OFFICES OR PREMISES
Source text: ID:nBSE2H869n
Further company coverage: RPOL.NS
(([email protected];))
March 6 (Reuters) - Reliance Power Ltd RPOL.NS:
CLARIFIES ON MEDIA REPORTS ALLEGING ED RAIDS AT RELIANCE POWER LOCATIONS
CLARIFIES NO RAIDS HAVE OCCURRED AT ITS OFFICES OR PREMISES
Source text: ID:nBSE2H869n
Further company coverage: RPOL.NS
(([email protected];))
Feb 5 (Reuters) - Bharti Airtel BRTI.NS, India’s second-largest mobile carrier by number of users, posted its seventh straight quarterly profit rise on Thursday, as subscribers upgraded to higher-margin telecom plans amid a steady rise in customer base.
The firm's consolidated pre-tax profit rose 34.4% to 125.58 billion rupees ($1.39 billion) for the quarter ended December 31, from 93.46 billion rupees a year earlier.
Airtel's year ago profit included a net exceptional 75.5 billion rupee gain, mainly from a higher valuation of its stake in telecom infrastructure provider Indus Towers INUS.NS.
($1 = 90.2760 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru; Editing by Mrigank Dhaniwala)
Feb 5 (Reuters) - Bharti Airtel BRTI.NS, India’s second-largest mobile carrier by number of users, posted its seventh straight quarterly profit rise on Thursday, as subscribers upgraded to higher-margin telecom plans amid a steady rise in customer base.
The firm's consolidated pre-tax profit rose 34.4% to 125.58 billion rupees ($1.39 billion) for the quarter ended December 31, from 93.46 billion rupees a year earlier.
Airtel's year ago profit included a net exceptional 75.5 billion rupee gain, mainly from a higher valuation of its stake in telecom infrastructure provider Indus Towers INUS.NS.
($1 = 90.2760 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru; Editing by Mrigank Dhaniwala)
Jan 30 (Reuters) - Reliance Power Ltd RPOL.NS:
DEC-QUARTER CONSOL PROFIT 251.1 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 18.73 BILLION RUPEES
Source text: ID:nBSEb6Mlhm
Further company coverage: RPOL.NS
(([email protected];))
Jan 30 (Reuters) - Reliance Power Ltd RPOL.NS:
DEC-QUARTER CONSOL PROFIT 251.1 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 18.73 BILLION RUPEES
Source text: ID:nBSEb6Mlhm
Further company coverage: RPOL.NS
(([email protected];))
Nov 20 (Reuters) - Reliance Communications Ltd RLCM.NS:
ANIL AMBANI'S RELIANCE GROUP: CLARIFIES ON ED ATTACHMENT ORDER OF RELIANCE COMMUNICATIONS ASSETS
ANIL AMBANI'S RELIANCE GROUP: ED ORDER ON RELIANCE COMMUNICATIONS HAS NO MATERIAL IMPACT ON OPERATIONS OF RELIANCE INFRASTRUCTURE, RELIANCE POWER
Source text: [ID:]
Further company coverage: RLCM.NS
(([email protected];))
Nov 20 (Reuters) - Reliance Communications Ltd RLCM.NS:
ANIL AMBANI'S RELIANCE GROUP: CLARIFIES ON ED ATTACHMENT ORDER OF RELIANCE COMMUNICATIONS ASSETS
ANIL AMBANI'S RELIANCE GROUP: ED ORDER ON RELIANCE COMMUNICATIONS HAS NO MATERIAL IMPACT ON OPERATIONS OF RELIANCE INFRASTRUCTURE, RELIANCE POWER
Source text: [ID:]
Further company coverage: RLCM.NS
(([email protected];))
** Shares of private utilities such as Torrent Power TOPO.NS, Tata Power TTPW.NS and Reliance Power RPOL.NS rise 3%-6% on Wednesday
** Reuters reported that India is considering a bailout exceeding 1 trillion rupees ($12 billion) for debt-laden state-run power distribution companies
** Under the proposed plan, states would need to privatise their electricity utilities and transfer managerial control, or retain control but list them on stock exchanges
** Private companies are expected to benefit from the reforms as they are likely to gain stakes in the state-run companies
** State-run power firms NHPC NHPC.NS, Power Grid PGRD.NS and Power Finance Corp PWFC.NS also gained, ending 2.8%, 2.5% and 3.6% higher, respectively, after hitting session highs on the news
(Reporting by Nishit Navin in Bengaluru)
** Shares of private utilities such as Torrent Power TOPO.NS, Tata Power TTPW.NS and Reliance Power RPOL.NS rise 3%-6% on Wednesday
** Reuters reported that India is considering a bailout exceeding 1 trillion rupees ($12 billion) for debt-laden state-run power distribution companies
** Under the proposed plan, states would need to privatise their electricity utilities and transfer managerial control, or retain control but list them on stock exchanges
** Private companies are expected to benefit from the reforms as they are likely to gain stakes in the state-run companies
** State-run power firms NHPC NHPC.NS, Power Grid PGRD.NS and Power Finance Corp PWFC.NS also gained, ending 2.8%, 2.5% and 3.6% higher, respectively, after hitting session highs on the news
(Reporting by Nishit Navin in Bengaluru)
Reliance Power Ltd RPOL.NS:
RELIANCE POWER LTD - SAYS CFO ARRESTED BY ENFORCEMENT DIRECTORATE BASED ON CO'S FRAUD PLAINT, EXEC HAS DEMITTED OFFICE
Source text: ID:nBSE8qmf8l
Further company coverage: RPOL.NS
Reliance Power Ltd RPOL.NS:
RELIANCE POWER LTD - SAYS CFO ARRESTED BY ENFORCEMENT DIRECTORATE BASED ON CO'S FRAUD PLAINT, EXEC HAS DEMITTED OFFICE
Source text: ID:nBSE8qmf8l
Further company coverage: RPOL.NS
Sept 29 (Reuters) - Reliance Power Ltd RPOL.NS:
TO SELL INDONESIAN SUBSIDIARIES
TO RECEIVE $12 MILLION FROM SALE
Source text: ID:nBSEbyQW5C
Further company coverage: RPOL.NS
(([email protected];;))
Sept 29 (Reuters) - Reliance Power Ltd RPOL.NS:
TO SELL INDONESIAN SUBSIDIARIES
TO RECEIVE $12 MILLION FROM SALE
Source text: ID:nBSEbyQW5C
Further company coverage: RPOL.NS
(([email protected];;))
Sept 19 (Reuters) - Reliance Power Ltd RPOL.NS:
NO IMPACT ON RELIANCE POWER DUE TO CBI ACTIONS ON RCFL, RHFL
RCFL AND RHFL RESOLVED WITH MANAGEMENT CHANGE
ANIL AMBANI NEVER ON BOARDS OF RCFL, RHFL
Source text: ID:nBSE7q1zzP
Further company coverage: RPOL.NS
(([email protected];;))
Sept 19 (Reuters) - Reliance Power Ltd RPOL.NS:
NO IMPACT ON RELIANCE POWER DUE TO CBI ACTIONS ON RCFL, RHFL
RCFL AND RHFL RESOLVED WITH MANAGEMENT CHANGE
ANIL AMBANI NEVER ON BOARDS OF RCFL, RHFL
Source text: ID:nBSE7q1zzP
Further company coverage: RPOL.NS
(([email protected];;))
July 9 (Reuters) - Reliance Power Ltd RPOL.NS:
RELIANCE POWER LTD - UNIT CHALLENGES NOTICE ISSUED BY SOLAR ENERGY CORPORATION IN INDIA COURT
RELIANCE POWER LTD - COURT RESTRAINS SOLAR ENERGY CORPORATION FROM COERCIVE ACTIONS
Source text: ID:nBSE5Gw159
Further company coverage: RPOL.NS
(([email protected];;))
July 9 (Reuters) - Reliance Power Ltd RPOL.NS:
RELIANCE POWER LTD - UNIT CHALLENGES NOTICE ISSUED BY SOLAR ENERGY CORPORATION IN INDIA COURT
RELIANCE POWER LTD - COURT RESTRAINS SOLAR ENERGY CORPORATION FROM COERCIVE ACTIONS
Source text: ID:nBSE5Gw159
Further company coverage: RPOL.NS
(([email protected];;))
July 3 (Reuters) - Reliance Power Ltd RPOL.NS:
SBI’S ACTION ON RELIANCE COMMUNICATIONS HAS NO IMPACT ON CO
Source text: [ID:]
Further company coverage: RPOL.NS
(([email protected];;))
July 3 (Reuters) - Reliance Power Ltd RPOL.NS:
SBI’S ACTION ON RELIANCE COMMUNICATIONS HAS NO IMPACT ON CO
Source text: [ID:]
Further company coverage: RPOL.NS
(([email protected];;))
May 19 (Reuters) - Reliance Power Ltd RPOL.NS:
SIGNS PPA WITH GREEN DIGITAL PRIVATE LIMITED, BHUTAN
SIGNS COMMERCIAL TERM SHEET WITH GREEN DIGITAL, BHUTAN
PROJECT CAPITAL OUTLAY UP TO 20 BILLION RUPEES, LARGEST FDI IN BHUTAN SOLAR
CO, IN PARTNERSHIP WITH DHI, TO DEVELOP 500 MW SOLAR POWER PROJECT THROUGH 50:50 JV IN BHUTAN
Source text: ID:nBSE5hDXF2
Further company coverage: RPOL.NS
(([email protected];;))
May 19 (Reuters) - Reliance Power Ltd RPOL.NS:
SIGNS PPA WITH GREEN DIGITAL PRIVATE LIMITED, BHUTAN
SIGNS COMMERCIAL TERM SHEET WITH GREEN DIGITAL, BHUTAN
PROJECT CAPITAL OUTLAY UP TO 20 BILLION RUPEES, LARGEST FDI IN BHUTAN SOLAR
CO, IN PARTNERSHIP WITH DHI, TO DEVELOP 500 MW SOLAR POWER PROJECT THROUGH 50:50 JV IN BHUTAN
Source text: ID:nBSE5hDXF2
Further company coverage: RPOL.NS
(([email protected];;))
May 2 (Reuters) - Reliance Power Ltd RPOL.NS:
NU SUNTECH SIGNS 25-YEAR PPA WITH SECI
UNIT SIGNS 25-YEAR PPA WITH SECI
NU SUNTECH TO INVEST 100 BILLION RUPEES IN BESS PROJECT
UNIT TO DEVELOP AND COMMISSION PROJECT WITHIN NEXT 24 MONTHS
Source text: ID:nBSE9Tc4F1
Further company coverage: RPOL.NS
(([email protected];;))
May 2 (Reuters) - Reliance Power Ltd RPOL.NS:
NU SUNTECH SIGNS 25-YEAR PPA WITH SECI
UNIT SIGNS 25-YEAR PPA WITH SECI
NU SUNTECH TO INVEST 100 BILLION RUPEES IN BESS PROJECT
UNIT TO DEVELOP AND COMMISSION PROJECT WITHIN NEXT 24 MONTHS
Source text: ID:nBSE9Tc4F1
Further company coverage: RPOL.NS
(([email protected];;))
Feb 5 (Reuters) - Reliance Power Ltd RPOL.NS:
DEC-QUARTER CONSOL NET PROFIT 419.5 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 18.53 BILLION RUPEES
Source text: ID:nBSE3xY7RY
Further company coverage: RPOL.NS
(([email protected];))
Feb 5 (Reuters) - Reliance Power Ltd RPOL.NS:
DEC-QUARTER CONSOL NET PROFIT 419.5 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 18.53 BILLION RUPEES
Source text: ID:nBSE3xY7RY
Further company coverage: RPOL.NS
(([email protected];))
Jan 20 (Reuters) - Reliance Power Ltd RPOL.NS:
RELIANCE POWER LTD - APPOINTED NEERAJ PARAKH AS CHIEF EXECUTIVE OFFICE
Source text: ID:nBSE2LQxr9
Further company coverage: RPOL.NS
(([email protected];))
Jan 20 (Reuters) - Reliance Power Ltd RPOL.NS:
RELIANCE POWER LTD - APPOINTED NEERAJ PARAKH AS CHIEF EXECUTIVE OFFICE
Source text: ID:nBSE2LQxr9
Further company coverage: RPOL.NS
(([email protected];))
Dec 26 (Reuters) - Reliance Power Ltd RPOL.NS:
HIGH COURT GRANTS INTERIM RELIEF TO RELIANCE NU BESS
Source text: ID:nBSE882XZB
Further company coverage: RPOL.NS
(([email protected];;))
Dec 26 (Reuters) - Reliance Power Ltd RPOL.NS:
HIGH COURT GRANTS INTERIM RELIEF TO RELIANCE NU BESS
Source text: ID:nBSE882XZB
Further company coverage: RPOL.NS
(([email protected];;))
Dec 17 (Reuters) - Reliance Power Ltd RPOL.NS:
RELIANCE NU SUNTECH RECEIVES LOA FROM SECI FOR SOLAR PROJECT
UNIT WINS 930 MW SOLAR ENERGY CONTRACT IN E-REVERSE AUCTION
Source text: ID:nBSE51mnj3
Further company coverage: RPOL.NS
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Dec 17 (Reuters) - Reliance Power Ltd RPOL.NS:
RELIANCE NU SUNTECH RECEIVES LOA FROM SECI FOR SOLAR PROJECT
UNIT WINS 930 MW SOLAR ENERGY CONTRACT IN E-REVERSE AUCTION
Source text: ID:nBSE51mnj3
Further company coverage: RPOL.NS
(([email protected];;))
** Shares of Reliance Power RPOL.NS rise as much as 5% to 46.2 rupees, highest in over 2 months
** Co's new renewable energy businesses Reliance NU Suntech wins 930 megawatt solar energy contract and battery energy storage system from Solar Energy Corporation of India
** The unit won the bid at a tariff of 3.53 rupees ($0.04) per kilowatt-hour
** Stock up 97% YTD, set for biggest yearly gain since 2021
($1 = 84.8575 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
** Shares of Reliance Power RPOL.NS rise as much as 5% to 46.2 rupees, highest in over 2 months
** Co's new renewable energy businesses Reliance NU Suntech wins 930 megawatt solar energy contract and battery energy storage system from Solar Energy Corporation of India
** The unit won the bid at a tariff of 3.53 rupees ($0.04) per kilowatt-hour
** Stock up 97% YTD, set for biggest yearly gain since 2021
($1 = 84.8575 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
Dec 11 (Reuters) - Reliance Power Ltd RPOL.NS:
RELIANCE POWER LTD - RELIANCE NU SUNTECH WINS 930MW SOLAR ENERGY
RELIANCE POWER - UNIT WINS BATTERY ENERGY STORAGE SYSTEM OF 1860 MWH PROJECT OF SECI
RELIANCE POWER -UNIT TO INSTALL MINIMUM STORAGE CAPACITY OF 465 MW/1,860 MWH CHARGED BY SOLAR POWER
Source text: ID:nBSE9v5FGf
Further company coverage: RPOL.NS
(([email protected];))
Dec 11 (Reuters) - Reliance Power Ltd RPOL.NS:
RELIANCE POWER LTD - RELIANCE NU SUNTECH WINS 930MW SOLAR ENERGY
RELIANCE POWER - UNIT WINS BATTERY ENERGY STORAGE SYSTEM OF 1860 MWH PROJECT OF SECI
RELIANCE POWER -UNIT TO INSTALL MINIMUM STORAGE CAPACITY OF 465 MW/1,860 MWH CHARGED BY SOLAR POWER
Source text: ID:nBSE9v5FGf
Further company coverage: RPOL.NS
(([email protected];))
Dec 10 (Reuters) - Reliance Power Ltd RPOL.NS:
SETS UP NEW SUBSIDIARY, RELIANCE NU ENERGIES, FOR RENEWABLE ENERGY BUSINESSES
Further company coverage: RPOL.NS
(([email protected];))
Dec 10 (Reuters) - Reliance Power Ltd RPOL.NS:
SETS UP NEW SUBSIDIARY, RELIANCE NU ENERGIES, FOR RENEWABLE ENERGY BUSINESSES
Further company coverage: RPOL.NS
(([email protected];))
Dec 6 (Reuters) - Reliance Power Ltd RPOL.NS:
RELIANCE POWER -UNIT SAMALKOT POWER PAID IN FULL OUTSTANDING INTEREST IN DEFAULT ON TERM LOAN
RELIANCE POWER LTD - TERM LOAN WITH EXPORT- IMPORT BANK OF UNITED STATES
RELIANCE POWER LTD - DEFAULT OF CO AS A GUARANTOR TO LOAN STANDS CURED
RELIANCE POWER - ACTUAL AMOUNT INVOLVED IN THE DEFAULT AT $15.48 MILLION
Source text: ID:nNSE5Zzzdq
Further company coverage: RPOL.NS
(([email protected];))
Dec 6 (Reuters) - Reliance Power Ltd RPOL.NS:
RELIANCE POWER -UNIT SAMALKOT POWER PAID IN FULL OUTSTANDING INTEREST IN DEFAULT ON TERM LOAN
RELIANCE POWER LTD - TERM LOAN WITH EXPORT- IMPORT BANK OF UNITED STATES
RELIANCE POWER LTD - DEFAULT OF CO AS A GUARANTOR TO LOAN STANDS CURED
RELIANCE POWER - ACTUAL AMOUNT INVOLVED IN THE DEFAULT AT $15.48 MILLION
Source text: ID:nNSE5Zzzdq
Further company coverage: RPOL.NS
(([email protected];))
** Shares of Anil Ambani-owned Reliance Power RPOL.NS rise 5% to 41.1 rupees
** Solar Energy Corporation of India (SECI), the country's top clean energy agency, withdraws ban imposed on the company from participating in clean energy project tenders after a court directive
** RPOL fell 5% on Nov. 8 after agency banned firm and units when it found the endorsement of a bank guarantee to be fake while scrutinising a bid for a tender
** Stock up 76% so far this year, set for highest yearly gain since 2021
(Reporting by Ashna Teresa Britto in Bengaluru)
** Shares of Anil Ambani-owned Reliance Power RPOL.NS rise 5% to 41.1 rupees
** Solar Energy Corporation of India (SECI), the country's top clean energy agency, withdraws ban imposed on the company from participating in clean energy project tenders after a court directive
** RPOL fell 5% on Nov. 8 after agency banned firm and units when it found the endorsement of a bank guarantee to be fake while scrutinising a bid for a tender
** Stock up 76% so far this year, set for highest yearly gain since 2021
(Reporting by Ashna Teresa Britto in Bengaluru)
Dec 3 (Reuters) - India's top renewable energy agency said on Tuesday it withdrew its ban prohibiting Reliance Power RPOL.NS from participating in tenders for clean energy projects after a court directive.
Last month, the Solar Energy Corporation of India (SECI) had barred Reliance Power from bidding for its tenders for three years and was weighing criminal proceedings against the company after a bank guarantee turned out to be a fake endorsement.
The High Court of Delhi had granted a stay last week on the notice of debarment after the Anil Ambani-owned company challenged the ban, saying it was a victim of "fraud, forgery and cheating conspiracy".
Reliance Power, a coal power producer, aims to expand in the domestic and overseas renewable energy sector and the ban withdrawal removes a key overhang.
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Krishna Chandra Eluri)
(([email protected]; X: @MukherjeeHritam;))
Dec 3 (Reuters) - India's top renewable energy agency said on Tuesday it withdrew its ban prohibiting Reliance Power RPOL.NS from participating in tenders for clean energy projects after a court directive.
Last month, the Solar Energy Corporation of India (SECI) had barred Reliance Power from bidding for its tenders for three years and was weighing criminal proceedings against the company after a bank guarantee turned out to be a fake endorsement.
The High Court of Delhi had granted a stay last week on the notice of debarment after the Anil Ambani-owned company challenged the ban, saying it was a victim of "fraud, forgery and cheating conspiracy".
Reliance Power, a coal power producer, aims to expand in the domestic and overseas renewable energy sector and the ban withdrawal removes a key overhang.
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Krishna Chandra Eluri)
(([email protected]; X: @MukherjeeHritam;))
Nov 26 (Reuters) - Reliance Power Ltd RPOL.NS:
INDIA COURT GRANTED STAY ON NOTICE OF DEBARMENT AND PUBLIC NOTICE ISSUED BY SECI AGAINST CO
COURT GRANTS STAY ON SECI ORDER AGAINST CO, ITS UNITS EXCEPT RELIANCE NU BESS
Source text: ID:nBSE7Xxgr1
Further company coverage: RPOL.NS
(([email protected];))
Nov 26 (Reuters) - Reliance Power Ltd RPOL.NS:
INDIA COURT GRANTED STAY ON NOTICE OF DEBARMENT AND PUBLIC NOTICE ISSUED BY SECI AGAINST CO
COURT GRANTS STAY ON SECI ORDER AGAINST CO, ITS UNITS EXCEPT RELIANCE NU BESS
Source text: ID:nBSE7Xxgr1
Further company coverage: RPOL.NS
(([email protected];))
Nov 18 (Reuters) - Reliance Power Ltd RPOL.NS:
RELIANCE POWER - CO, RELIANCE INFRASTRUCTURE BOARD RECONSTITUTED, FOUR NEW DIRECTORS JOIN BOARD
RELIANCE POWER - ASHOK PAL, CFO, RELIANCE POWER APPOINTED AS EXECUTIVE DIRECTOR OF COMPANY
RELIANCE POWER - CO, RELIANCE INFRASTRUCTURE TO INVEST IN RENEWABLE ENERGY, NEW TECHNOLOGIES
Further company coverage: RPOL.NS
(([email protected];))
Nov 18 (Reuters) - Reliance Power Ltd RPOL.NS:
RELIANCE POWER - CO, RELIANCE INFRASTRUCTURE BOARD RECONSTITUTED, FOUR NEW DIRECTORS JOIN BOARD
RELIANCE POWER - ASHOK PAL, CFO, RELIANCE POWER APPOINTED AS EXECUTIVE DIRECTOR OF COMPANY
RELIANCE POWER - CO, RELIANCE INFRASTRUCTURE TO INVEST IN RENEWABLE ENERGY, NEW TECHNOLOGIES
Further company coverage: RPOL.NS
(([email protected];))
Adds Reliance Power's response in paragraph 5
Nov 14 (Reuters) - India's top renewable energy agency has sent a notice to Anil Ambani-run Reliance Power RPOL.NS, asking why it should not initiate criminal proceedings after a subsidiary of the power producer submitted fake documents for a bid, according to a notice dated Wednesday.
Last week, Solar Energy Corporation of India Ltd (SECI) barred the power firm from participating in its clean energy project tenders for three years after it found that a unit of the company had submitted a fake endorsement of a foreign bank guarantee.
SECI said on Wednesday that the bank guarantee submitted by the unit, Reliance NU BESS, was also fake.
"The repeated submission of a fake bank guarantee along with its counterfeit endorsement has been deemed a deliberate act by the bidder, intended to vitiate the tendering process and to secure the project capacity through fraudulent means," SECI said.
Reliance Power said on Thursday it had received a show-cause notice from SECI and added that the company and its unit were the victims of "fraud, forgery and cheating conspiracy."
Last week, the company said that it would legally challenge SECI's ban and had lodged a police complaint against the third party that arranged the bank guarantee.
The notice and ban come as Reliance Power, a coal power generator, is looking to expand into the domestic and overseas renewable energy sector.
Indian companies are increasingly looking to set up clean energy projects as the country targets 500 GW of renewable energy by 2030 as part of its 2070 net-zero goal, up from the current installed capacity of about 154 GW.
In August, Anil Ambani was banned from the securities market for five years and fined about $3 million by the Indian markets regulator on charges of fund diversion.
(Reporting by Sethuraman NR; Editing by Abinaya Vijayaraghavan)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
Adds Reliance Power's response in paragraph 5
Nov 14 (Reuters) - India's top renewable energy agency has sent a notice to Anil Ambani-run Reliance Power RPOL.NS, asking why it should not initiate criminal proceedings after a subsidiary of the power producer submitted fake documents for a bid, according to a notice dated Wednesday.
Last week, Solar Energy Corporation of India Ltd (SECI) barred the power firm from participating in its clean energy project tenders for three years after it found that a unit of the company had submitted a fake endorsement of a foreign bank guarantee.
SECI said on Wednesday that the bank guarantee submitted by the unit, Reliance NU BESS, was also fake.
"The repeated submission of a fake bank guarantee along with its counterfeit endorsement has been deemed a deliberate act by the bidder, intended to vitiate the tendering process and to secure the project capacity through fraudulent means," SECI said.
Reliance Power said on Thursday it had received a show-cause notice from SECI and added that the company and its unit were the victims of "fraud, forgery and cheating conspiracy."
Last week, the company said that it would legally challenge SECI's ban and had lodged a police complaint against the third party that arranged the bank guarantee.
The notice and ban come as Reliance Power, a coal power generator, is looking to expand into the domestic and overseas renewable energy sector.
Indian companies are increasingly looking to set up clean energy projects as the country targets 500 GW of renewable energy by 2030 as part of its 2070 net-zero goal, up from the current installed capacity of about 154 GW.
In August, Anil Ambani was banned from the securities market for five years and fined about $3 million by the Indian markets regulator on charges of fund diversion.
(Reporting by Sethuraman NR; Editing by Abinaya Vijayaraghavan)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
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Popular questions
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What does Reliance Power do?
Reliance Power Limited, a part of Reliance Group, develops and operates power projects in India and internationally. The company has a large portfolio of power generation capacity with projects under development and registered for CER certificates.
Who are the competitors of Reliance Power?
Reliance Power major competitors are Indian Energy Exch., JP Power Ventures, RattanIndia Power, Nava, Guj. Inds. Power Co, Orient Green Power, India Power Corpn.. Market Cap of Reliance Power is ₹10,066 Crs. While the median market cap of its peers are ₹4,758 Crs.
Is Reliance Power financially stable compared to its competitors?
Reliance Power seems to be less financially stable compared to its competitors. Altman Z score of Reliance Power is 0.75 and is ranked 8 out of its 8 competitors.
Does Reliance Power pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Reliance Power latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Reliance Power allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Reliance Power balance sheet?
Reliance Power balance sheet is weak and might have solvency issues
Is the profitablity of Reliance Power improving?
The profit is oscillating. The profit of Reliance Power is -₹336.89 Crs for TTM, ₹2,948 Crs for Mar 2025 and -₹2,068.38 Crs for Mar 2024.
Is the debt of Reliance Power increasing or decreasing?
The net debt of Reliance Power is decreasing. Latest net debt of Reliance Power is ₹13,107 Crs as of Mar-26. This is less than Mar-25 when it was ₹13,206 Crs.
Is Reliance Power stock expensive?
Reliance Power is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of Reliance Power is 752, while 3 year average PE is 24.31. Also latest EV/EBITDA of Reliance Power is 9.81 while 3yr average is 17.4.
Has the share price of Reliance Power grown faster than its competition?
Reliance Power has given lower returns compared to its competitors. Reliance Power has grown at ~-2.58% over the last 8yrs while peers have grown at a median rate of 11.24%
Is the promoter bullish about Reliance Power?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Reliance Power is 24.98% and last quarter promoter holding is 24.98%.
Are mutual funds buying/selling Reliance Power?
The mutual fund holding of Reliance Power is increasing. The current mutual fund holding in Reliance Power is 0.56% while previous quarter holding is 0.46%.