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Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally. The Company on its own and through its subsidiaries has a large portfolio of power generation capacity, both in operation as well as capacity under development.
Reliance Power is venturing into Artificial Intelligence (AI) and new-age technologies. The company has integrated AI-driven activities into its business framework and renamed subsidiaries, including Reliance AI Green Power and Reliance AI Power, reflecting this strategic shift.
Reliance Power disclosed its half-yearly debt statement, showing Rs. 250 Cr outstanding debt. This debt carries an 8% coupon rate and matures in June 2035.
Reliance Power clarified media reports, stating that no Enforcement Directorate raids have been carried out at any of its offices or premises, to its knowledge.
Reliance Power's wholly-owned subsidiary, Reliance Chittagong Power Company Limited, Bangladesh, has ceased operations due to its voluntary winding up. This entity contributed Nil revenue and 0.35 Cr to net worth, indicating minimal impact.
Reliance Power's special window for re-lodging physical share transfer requests is now closed. Zero shareholder requests were received during this period, despite comprehensive public outreach efforts.