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The latest update is out from Reliance Power Limited ( (IN:RPOWER) ).
Reliance Power Limited announced that the Enforcement Directorate’s (ED) actions have concluded at all locations, with the company and its officials fully cooperating. The company emphasized that the ED’s actions have no impact on its business operations, financial performance, or stakeholders, and clarified that the allegations pertain to transactions of Reliance Communications Limited (RCOM) or Reliance Home Finance Limited (RHFL), which are separate entities. Reliance Power continues to operate normally, focusing on its business plans and stakeholder value creation.
More about Reliance Power Limited
Reliance Power Limited, part of the Reliance Group, is a leading private sector power generation company in India. It operates a portfolio of 5,305 megawatts, including the 3,960 megawatts Sasan Power Limited, the world’s largest integrated coal-based power plant, which has been consistently ranked as the best operating power plant in India for the past seven years.
Average Trading Volume: 13,458,344
Technical Sentiment Signal: Buy
Current Market Cap: 234.6B INR
For detailed information about RPOWER stock, go to TipRanks’ Stock Analysis page.