Reliance Power Winds Up Non-Revenue Bangladesh Subsidiary

Reliance Power Limited ( (IN:RPOWER) ) just unveiled an update.

Reliance Power has reported that Reliance Chittagong Power Company Limited in Bangladesh has ceased to be its wholly owned subsidiary following a voluntary winding up completed on March 4, 2026. The subsidiary contributed no revenue and only about ₹35 lakh of net worth in the last financial year, indicating that the closure is unlikely to have a material financial impact on the group or significantly alter its operational footprint.

The company disclosed that there was no sale transaction, consideration, or related-party involvement, as the exit was through winding up rather than disposal to a buyer. For stakeholders, the move appears to be a portfolio rationalisation step, simplifying the corporate structure with minimal balance-sheet effect while allowing Reliance Power to focus on more material assets and markets.

More about Reliance Power Limited

Reliance Power Limited is an Indian power generation company focused on developing, owning, and operating utility-scale power projects. It operates across thermal and renewable segments, supplying electricity to industrial, commercial, and retail consumers in domestic and selected international markets.

Average Trading Volume: 6,730,260

Technical Sentiment Signal: Sell

Current Market Cap: 95.87B INR

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