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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 | ₹3.13T | 13.18 | ― | 2.69% | 1.68% | 7.60% | |
69 Neutral | ₹129.74B | 23.66 | ― | ― | -17.70% | -50.89% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | ₹922.38B | 45.53 | ― | 0.43% | 39.71% | 1.33% | |
62 Neutral | ₹2.77T | 23.04 | ― | ― | -0.70% | -5.41% | |
58 Neutral | ₹155.88B | 51.13 | ― | ― | -0.06% | -74.64% | |
44 Neutral | ₹52.09B | 60.85 | ― | ― | -5.68% | -99.16% |
Reliance Power Limited Corporate Events
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.
Reliance Power Limited announced the resignation of Ashok Kumar Pal from his roles as Executive Director and Chief Financial Officer, effective October 11, 2025. This resignation is linked to an ongoing investigation in which Pal maintains his innocence, but has chosen to step down to focus on clearing his name. The departure of a key executive amid legal proceedings could impact the company’s management stability and investor confidence.
Reliance Power Limited announced the resignation of Mr. Ashok Kumar Pal from his roles as Executive Director and Chief Financial Officer, effective October 11, 2025. This decision follows his arrest related to an ongoing investigation by the Enforcement Directorate, which stems from a complaint he originally filed. Mr. Pal maintains his innocence but has chosen to resign to focus on clearing his name. This resignation could impact the company’s leadership dynamics and may influence stakeholder confidence amidst the ongoing investigation.
Reliance Power Limited has announced a change in its management structure with the appointment of Shri Arup Ashok Gupta as a Non-Executive and Non-Independent Director. Additionally, Shri Neeraj Parakh, the current Executive Director and CEO, will take on the interim role of Chief Financial Officer. These changes are part of the company’s ongoing efforts to strengthen its leadership team, which could have implications for its operational strategies and stakeholder confidence.
Reliance Power Limited has announced that its Board of Directors has authorized key managerial personnel to determine the materiality of events or information for disclosure to stock exchanges, in compliance with SEBI regulations. This move is aimed at ensuring timely and accurate communication with stakeholders, potentially enhancing the company’s transparency and regulatory compliance.
Reliance Power Limited has disclosed that its Executive Director and Chief Financial Officer, Shri Ashok Kumar Pal, was arrested by the Enforcement Directorate under the Prevention of Money Laundering Act in connection with a fraud case involving fake endorsements of bank guarantees. The company, which considers itself a victim in this matter, has stated that Mr. Pal has stepped down from his position to assist with the investigation. The company also clarified that Anil D. Ambani has not been on the board for over three years and is not involved in the case. Reliance Power is committed to taking all necessary legal steps to address the situation.
Reliance Power Limited has announced that its Board of Directors has noted an application for the reclassification of Reliance Capital Limited to the public category under SEBI’s Listing Regulations. This move follows the implementation of a resolution plan by IndusInd International Holdings Limited under the Insolvency and Bankruptcy Code, 2016. The company has filed applications with BSE and NSE seeking their no objection, indicating a strategic step in compliance with regulatory requirements.
Reliance Power Limited has announced that it received a Show Cause Notice from SEBI concerning Reliance Infrastructure Limited’s involvement with CLE Private Limited, regarding alleged violations of SEBI regulations. However, Reliance Power clarified that it has no exposure to CLE Private Limited and will address the matter as per legal advice, indicating a proactive approach to regulatory compliance and stakeholder transparency.