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Reliance Power Limited
(RPOWER)
Reliance Power Limited (RPOWER) vs. iShares MSCI India ETF (INDA)
Reliance Power Limited Business Overview & Revenue Model
Reliance Power Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 74.76B | 75.83B | 78.93B | 75.14B | 75.03B | 79.34B |
| Gross Profit | 40.19B | 40.44B | 44.54B | 41.40B | 48.13B | 51.83B |
| EBITDA | 26.11B | 25.96B | 13.70B | 20.88B | 29.39B | 38.21B |
| Net Income | 30.90B | 29.48B | -20.68B | -4.71B | -9.64B | 2.29B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 412.83B | 437.60B | 485.35B | 498.12B | 507.82B |
| Cash, Cash Equivalents and Short-Term Investments | 4.40B | 9.73B | 4.72B | 2.73B | 6.74B | 3.44B |
| Total Debt | 0.00 | 151.53B | 187.66B | 212.36B | 231.29B | 256.35B |
| Total Liabilities | -163.37B | 249.46B | 321.46B | 352.48B | 364.26B | 369.68B |
| Stockholders Equity | 163.37B | 163.37B | 116.14B | 115.95B | 117.64B | 122.46B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 19.38B | 31.74B | 36.39B | 34.17B | 40.15B |
| Operating Cash Flow | 0.00 | 19.38B | 31.74B | 40.24B | 36.13B | 41.49B |
| Investing Cash Flow | 0.00 | 4.53B | -1.92B | -3.54B | 2.84B | 4.86B |
| Financing Cash Flow | 0.00 | -24.35B | -27.34B | -36.23B | -38.49B | -46.15B |
Reliance Power Limited Technical Analysis
Reliance Power Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹3.36T | 14.14 | ― | 2.66% | 1.68% | 7.60% | |
69 Neutral | ₹111.37B | 20.31 | ― | ― | -17.70% | -50.89% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | ₹860.43B | 42.47 | ― | 0.41% | 39.71% | 1.33% | |
62 Neutral | ₹2.75T | 22.87 | ― | ― | -0.70% | -5.41% | |
58 Neutral | ₹131.89B | 43.26 | ― | ― | -0.06% | -74.64% | |
44 Neutral | ₹46.51B | 54.33 | ― | ― | -5.68% | -99.16% |
Reliance Power Limited Corporate Events
Reliance Power Limited has disclosed that the Securities and Exchange Board of India (SEBI) has initiated a forensic audit of the company. The audit will examine alleged violations of the SEBI Act, the Securities Contracts (Regulation) Act (SCRA) and the Companies Act, 2013, signaling heightened regulatory scrutiny over the company’s compliance practices and governance. The move could have implications for investor confidence, regulatory risk assessment, and oversight standards within the wider Indian power and capital markets, as stakeholders await the audit’s findings and any potential enforcement actions.
Reliance Power Limited has announced a change in its senior management, disclosing the cessation of Shri Manoj Pongde from his role as Head (Business & Legal), effective January 14, 2026. The move, communicated under SEBI’s Listing Regulations disclosure requirements, signals a leadership transition in a key corporate function, which may affect the company’s legal and business strategy oversight, and will be closely watched by investors and other stakeholders for indications of further organizational or strategic changes.
Reliance Power Limited has reported that, during the special window period from December 1, 2025 to January 6, 2026, it did not receive any shareholder requests for re-lodgement of transfer transactions for physical shares, and the special window has now been formally closed. In line with SEBI’s July 2025 guidance, the company conducted a broad awareness campaign to inform shareholders about this facility, issuing multiple public notices in national and regional newspapers, making stock exchange disclosures, running social media outreach on platforms such as LinkedIn, Facebook and X, and posting detailed information on its website, underscoring its compliance efforts and focus on transparent communication with investors as the market continues to move away from physical share transfers.
Reliance Power has notified the stock exchanges that it has published notices in leading English and Marathi newspapers regarding a special window for re-lodgement of transfer requests for physical share certificates. The move, undertaken pursuant to a recent SEBI circular, keeps a dedicated window open until January 6, 2026 for eligible shareholders to resubmit transfer requests for physical shares, and the company has also made the details available on its website, reinforcing regulatory compliance and offering an additional opportunity for investors who still hold shares in physical form to regularise their holdings.
Reliance Power Limited has announced that its shareholders have approved all resolutions proposed through a postal ballot and e-voting process conducted in accordance with the Companies Act, 2013 and SEBI listing regulations. The approved items include the appointment of Arup Ashok Gupta as a Non-Executive Non-Independent Director, the appointment of Zohra Chatterji as an Independent Director, and the issuance of Foreign Currency Convertible Bonds or other securities, indicating both a refresh of the company’s board and authorization for potential foreign-currency fundraising to support future capital and growth requirements.
Reliance Power Limited has announced that no requests were received for the re-lodgement of transfer transactions of physical shares during November 2025, following the SEBI circular guidelines. The company has undertaken several awareness initiatives, including public notices in newspapers, disclosures on stock exchanges, social media outreach, and detailed information on its website, to inform shareholders about the special window for re-lodgement open until January 2026.
Reliance Power Limited has been named in a Supplementary Prosecution Complaint related to a SECI Bank guarantee issue, alongside its subsidiaries and other parties. The company asserts its innocence, claiming to be a victim of fraud and maintaining that the allegations have not been judicially scrutinized. It plans to take legal steps to protect its interests and those of its stakeholders, while continuing normal operations and focusing on sustainable growth.
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.
Reliance Power Limited has announced the dispatch of a postal ballot notice, as per regulatory requirements, to inform stakeholders about e-voting information and the completion of the notice dispatch. This move is part of the company’s compliance with the Companies Act, 2013, and the Securities and Exchange Board of India regulations, ensuring transparency and stakeholder engagement in its governance processes.
Reliance Power Limited has announced the publication of a newspaper notice regarding the dispatch of a postal ballot notice, in compliance with regulatory requirements. This move is part of the company’s efforts to ensure transparency and adherence to governance norms, potentially impacting its operational efficiency and stakeholder trust.
Reliance Power Limited has announced a postal ballot to seek shareholder approval for the appointment of two directors. The appointments include Shri Arup Ashok Gupta as a Non-Executive Non-Independent Director and Ms. Zohra Chatterji as an Independent Director. These appointments are part of the company’s strategic efforts to strengthen its board and align with regulatory requirements, potentially impacting its governance and operational strategies.
Reliance Power Limited has released a report for the quarter ending September 30, 2025, detailing the utilization of proceeds from the Preferential Issue of Warrants. This report, reviewed by the company’s Audit Committee and Board of Directors, is part of the regulatory compliance with SEBI’s disclosure requirements, reflecting the company’s commitment to transparency and efficient capital utilization.
Reliance Power Limited announced the resignation of Dr. Vijayalakshmy Gupta as a Non-Executive Independent Director, effective November 3, 2025. This change in the board composition is part of the company’s ongoing governance adjustments, which may impact its strategic direction and stakeholder relationships.
Reliance Power Limited announced that certain assets of its promoter, Reliance Infrastructure Limited, have been provisionally attached by the Enforcement Directorate for alleged violations under the Prevention of Money Laundering Act. However, the company clarified that this does not affect its business operations or stakeholders, and no assets of Reliance Power itself have been attached.
Reliance Power Limited has announced the opening of a special window for the re-lodgement of transfer requests for physical shares, in compliance with a SEBI circular. This initiative, available until January 6, 2026, aims to facilitate shareholders in transferring their physical shares, potentially impacting the company’s shareholding structure and aligning with regulatory requirements.