Reliance Power News: Anil Ambani’s Reliance Company Group is facing troubles one after the other. On Monday, October 13, there was a huge fall in the shares of power sector firm Reliance Power. Due to which the company’s shares fell by about 10.5 percent. The share price of the company started trading around Rs 43. Besides, a decline of 4.5 percent was also recorded in the shares of Reliance Infrastructure.

The company’s senior executive Ashok Kumar Pal was arrested by the ED on Saturday in the fake bank guarantee case. After a long conversation, Ashok Pal was arrested from his office in Mumbai. The negative impact of which was seen in the first trading session of the week and the shares of the company remained weak. Due to which investors had to suffer huge losses.

ED action

After the arrest of Ashok Pal, he was sent to custody for 2 days. After several hours of long interrogation, ED presented him in the court today. ED is taking action against Ashok Pal on allegations of his involvement in a suspected bank guarantee scam of about Rs 68.2 crore. An ongoing investigation is being conducted into financial irregularities in Reliance Group. According to the information received, this investigation was started by ED on July 24.

Till now, ED has investigated 35 places, 50 companies and more than 25 people associated with Anil Ambani Group. ED fears that the loan of Rs 3000 crore taken from Yes Bank has been misused. This loan was taken between 2017 and 2019.

Company’s stocks went up with a bang

On Friday, October 10, Reliance Power’s shares had registered a huge rise in the Indian stock market. There was a jump of 15 percent in the company’s shares and its price reached Rs 50.75. Talking about the share prices of the company, it was trading at Rs 2.75 on 9 October 2020. On Monday, the power sector firm closed trading at Rs 46.25 on BSE with a decline of 4.84 percent.

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Reliance Power News: On Friday, the last trading day of the week in the Indian stock market, there was a tremendous rise in the shares of Anil Ambani’s company Reliance Power. A jump of 13 percent was seen in the company’s shares. Now another information related to the company has come to light. Reliance Power Company’s Chief Financial Officer (CFO) Ashok Kumar Pal has been arrested by the Enforcement Directorate (ED).

According to sources, on Friday night, ED arrested Ashol Pal after a long conversation in his office in Delhi. On Saturday, the ED team will present Ashok Pal in Delhi’s Rouse Avenue Court. Where custody remand will be demanded for further investigation. This arrest is said to be related to the case of fake bank guarantee.

What is the reason for ED’s action?

According to India Today, this arrest has been made under the allegations of Ashok Pal’s involvement in a suspected bank guarantee scam of about Rs 68.2 crore. This investigation is being conducted by ED regarding financial irregularities in Reliance Group. Ashok Pal has been arrested on the basis of an FIR lodged in 2024. In which fake guarantee was given to Solar Energy Corporation of India (SECI).

This fake bank guarantee was issued in the name of Anil Ambani’s two companies Reliance NU BESS Limited and Maharashtra Energy Generation Limited. ED has arrested Ashol Pal in this regard. Ashok Pal is also working as Executive Director in Reliance Power. He has been associated with the company for the last 7 years. It is believed that he is one of the people close to Anil Ambani.

Evidence found in investigation

ED’s investigation has revealed that an Odisha company, Biswal Tradelink, is involved in this entire financial mess. According to ED, fake bank guarantee was made from Biswal Tradelink company itself. Company director Partha Sarathi Biswal had taken 8 percent commission for this fake bank guarantee. ED had arrested Parth Sarathi in August 2025.

Besides, ED has also received information that Pal got money transferred through fake transport bills worth crores of rupees. Apps like WhatsApp and Telegram were used to approve these payments. So that its information is not recorded on the company’s official system.

Company’s shares became rockets

Talking about the share price of Reliance Power Company, it was at Rs 2.75 on 9 October 2020. At the same time, on Friday, October 10, 2025, its price had increased to Rs 50.70. The company’s shares have registered a rise of 1670 percent in the last 5 years.

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On Friday, the companies of the Adag Group led by Anil Ambani in the stock market once again rocked. Reliance Power, Reliance Home Finance and Reliance Infrastructure, the three shares saw a tremendous rise. Although Reliance Power was at the forefront of these, this stock saw a rise of 19 percent in a day. Due to this boom, there was a wave of expectations among investors. Along with this, now the question has also started to arise whether this bounce is just a glimpse or the start of a long race?

Stormy boom in shares

On Friday, Reliance Power’s shares jumped 19 per cent to Rs 53, while Reliance Home Finance rose by 10 per cent and closed at Rs 3.64. On the other hand, Reliance Infrastructure shares jumped 10.5 per cent to Rs 313. There are not only the market mood behind this rally, but concrete reasons and recent steps of the company.

Reliance Power is coming so fast

If seen, there are two main companies behind this fast, Reliance Power and Reliance Infrastructure. Both companies have seen a period of heavy debt and weak performance in the past, but now their strategy, financial situation and future plans are giving new confidence to the market.

Talking about Reliance Power, it is now engaged in establishing itself as a major reabble energy player, not just power producers. Recently, Reliance’s subsidiary Nu Suntech has signed a 930 MW Solar Power and 1860 MWH battery storage deal for 25 years. This project of about 10,000 thousand crores will be the largest solar+storage plant in Asia.

At the same time, Nu Energies has also won the 350 MW Solar + 700 MWH storage project, which has strengthened the company’s clean energy portfolio. On the other hand, the term sheet has been signed with the Bhutan government for 500 MW solar project. This 2,000 crore joint venture is the largest private foreign investment ever in Bhutan.

Return to profit new fund and strong balance sheet

Reliance Power recorded a profit of 126 crores in the March quarter, while the company had a loss of 397 crores in the same quarter last year. This turnaround has been possible due to reduction in expenses and decreased finance cost.

In addition, in May, Reliance Power did a capital rage of 392 crores, which came through the warrant conversion by Reliance Infrastructure and Basra Home Finance. This has improved the company’s financial situation and increased flexibility.

Disclaimer: (Information provided here is being given only for information. It is necessary to tell here that the investment market is subject to risks. Always consult expert before investing as an investor. Never is advised to invest money from Abplive.com.

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The shares of Anil Ambani’s company Reliance Power have shown a great rise of about 20 percent in the last one month. This performance is much better than major indices Nifty (1.60 per cent), Sensex (1.52 per cent) and bank Nifty (6.13 per cent). The company’s stock is currently trading at a level of Rs 40 in March 2020 to rise from a historic low of Rs 1.

Company’s financial condition

According to The Mint’s report, Reliance Power has taken several important steps to reduce its debt in recent times. The debt-to-equity ratio of the company has come down from 1.61 to 0.86. This improvement is mainly after selling IndusInd International Holdings of Reliance Capital. However, the company is still tied to non-convertible debentures (NCDs) of Rs 250 crore.

Quarterly results improve

In the quarter of September 2024, the company recorded a net profit of Rs 2,878 crore, including an extra -ordinary income of Rs 3,000 crore. This income was obtained from Vidarbha Industries Power Limited (VIPL) Deccolidation. In the December 2024 quarter, the company recorded a net profit of Rs 42 crore.

Future projects

The company has planned to invest in green energy projects. Under this, green energy projects will be started in Andhra Pradesh. The company’s subsidiary has achieved Asia’s largest solar and battery storage project.

How far can the price go

According to The Mint’s report, Mahesh M Ojha, AVP Research of Hensex Securities, says that the share of Reliance Power has made a strong base at the level of Rs 36. According to him, if the stock crosses the level of Rs 44, it can reach the level of Rs 48 and 52. However, investors should make positions in this stock with stop loss at Rs 36.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

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