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Reliance Power Limited ( (IN:RPOWER) ) just unveiled an update.
Reliance Power Limited has clarified that its operations remain unaffected despite recent reports of the Enforcement Directorate’s provisional attachment of assets worth Rs 10,117 crore for alleged violations of the Prevention of Money Laundering Act. The majority of these assets, valued at Rs 8,078 crore, belong to Reliance Communications, which has not been part of the Reliance Group since 2019 and is currently under the Corporate Insolvency Resolution Process. Reliance Power continues to focus on growth and protecting shareholder interests, with plans to take legal action as necessary.
More about Reliance Power Limited
Reliance Power Limited operates in the energy sector, focusing on power generation and distribution. It is part of the larger Reliance Group and is committed to growth and operational excellence, serving a large community of shareholders.
Average Trading Volume: 4,812,638
Technical Sentiment Signal: Sell
Current Market Cap: 158B INR
For a thorough assessment of RPOWER stock, go to TipRanks’ Stock Analysis page.