Reliance Power: Reliance NU Energies Pvt Ltd, a subsidiary of Anil Ambani-led company Reliance Power, has achieved a big success. Actually, the company has received an order from SJVN Limited. The company said that it has received an order of 750 MW/3000 MWh under the Firm and Dispatchable Renewable Energy (FDRE) scheme on November 10, which is 50 percent of the tender allotment.

The tender was oversubscribed 3.3 times, which shows the interest of companies in renewable energy projects. The objective of this project is to generate renewable energy 24 hours with the help of hybrid and storage based solutions. Let us tell you that in this e-auction, Reliance NU Energies emerged as the biggest winner with a minimum tariff of Rs 6.74 per kilowatt hour.

Relief to Anil Ambani

After this deal, Reliance Group has emerged as the largest player in the solar-plus-storage segment. The company currently has four tenders, work on which is going on. Its total capacity is more than 4 gigawatt per hour (GWp) of solar energy and 6.5 gigawatt per hour (BESS). The company has achieved this milestone in less than a year. For Anil Ambani, who is facing difficulties in money laundering and loan fraud cases, this news is no less than a relief that his company is continuously moving forward in the renewable energy segment.

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Anil Ambani ED investigation: Another action has been taken by the Enforcement Directorate (ED) against Anil Ambani Group. Another arrest has been made in the alleged fake bank guarantee case of Rs 68 crore against Reliance Power of the country’s famous businessman Anil Ambani. A total of three people have been arrested so far.

According to media reports, a person named Amar Nath Dutta has been arrested by ED on Thursday. The impact of this news is visible in the shares of the company. There was a huge fall in the company’s shares on Friday. Shares of Reliance Infrastructure fell by 5 percent on BSE.

ED action

According to information received from media reports, Amar Nath Dutta has been arrested on Thursday under the Prevention of Money Laundering Act. The special court has sent Amar Nath to judicial custody for four days. This is the third arrest by ED in the fake bank guarantee case.

Earlier, the company’s CFO Ashok Kumar Pal and Odisha-based Biswal Tradelink Company’s managing director Partha Sarathi Biswal were also arrested. This bank guarantee is reportedly worth Rs 68.2 crore.

There was a huge decline in the company’s shares

Due to this action of ED, there is a huge fall in the shares of the company. On Friday, November 7, shares of Reliance Infrastructure slipped by 5 percent on BSE. Till the time of writing the news, the company’s shares were trading at Rs 174.85. Which shows a decline of about Rs 9.20 compared to the previous day’s close.

Just a few days ago, the company’s shares had reached their 52-week all-time high of Rs 425. At the same time, shares of Reliance Power have also fallen by 2.53 percent. The company’s shares were trading at Rs 40.04 on BSE. Which is showing a decline of Rs 1.04 compared to the previous day’s close. At the same time, in this matter the company group has said that Anil Ambani has nothing to do with this entire matter.

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Reliance Power News: Reliance Power Limited said on Saturday that Ashok Pal has resigned from the post of Executive Director and Chief Financial Officer (CFO) of the company with immediate effect.

The company cited filings dated November 7 and November 14, 2024, which revealed that bank guarantees worth Rs 68 crore were issued by a fake bank in the Philippines. A criminal complaint was registered in this regard in the Economic Offenses Wing of Delhi Police. An FIR was registered regarding this case on November 11, 2024.

What is the matter?

According to the ED investigation, this entire matter is related to Reliance Power’s subsidiary company Reliance New BESS Limited, whose earlier name was Maharashtra Energy Generation Limited. This company had deposited fake bank guarantee of Rs 68.2 crore with Solar Energy Corporation of India Limited (SECI). Later investigation found it to be fake.

It was revealed that this guarantee was presented by the company from FirstRand Bank located in Manila, Philippines, whereas this bank does not have any branch there. In such a situation, this fake bank guarantee was prepared from fake documents in such a way that it appeared absolutely genuine. Ashol Pal’s role was found to be important in this fraud.

What was the role of Ashok Pal?

ED investigation further revealed that a company named Biswal Trading was running a gang in Odisha. Their job was to issue fake bank guarantees for companies or business groups. The company is accused of issuing fake bank guarantees by taking 8 percent commission. Moreover, it used fake email domains to mislead banks and financial institutions, such as s-bi.co.in instead of SBI’s real domain sbi.co.in.

Here, the board of Reliance Power had given the responsibility of preparing the papers for the BESS project of Solar Energy Corporation, getting them approved and signed etc., along with Ashok Pal and some other officials. Taking advantage of the opportunity, these officials bid through fake bank guarantees and invoicing. In these, money transactions took place through many accounts, most of which were later found to be undeclared.

Reliance Power gave clarification

Amidst all this, Reliance Power has said that this is a conspiracy against their company. The Company and its subsidiaries have acted in good faith and in good faith. The company said that Pal has resigned to cooperate in the proceedings while the investigation continues. A formal resignation letter will be issued soon.

The company also clarified on the news of dragging Anil Ambani into this matter and said that he has not been on the board of Reliance Power for more than three and a half years and he has nothing to do with this matter.

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Loan fraud case: Amidst the ongoing investigation of CBI and ED in the loan fraud case, the shares of two companies of Anil Ambani have fallen by about 19 percent in the last six business days. Today i.e. on 6 August 2025, the process of decline in the shares of Reliance Infrastructure and Reliance Power continued. On Wednesday, while Reliance Infra declined by 0.84 percent, Reliance Power’s stock fell to 0.88 percent.

Anil Ambani’s companies fell

Significantly, a day before in the loan fraud case, on Tuesday, the ED questioned Anil Ambani at his headquarters. Also, they have been given seven days time so that they can submit documents related to the questions asked during the investigation. According to reports, now other senior members of Reliance Group are also being questioned by ED.

On Tuesday, the ED questioned Anil Ambani for about 10 hours. According to news agency PTI, his statement was recorded under the Prevention of Money Laundering Act (PMLA). During this, about a dozen questions were asked to Anil Ambani. It is believed that during interrogation, he denied any disturbance. Also, Anil Ambani also said that his companies have informed the regulator SEBI from time to time.

What is the whole matter?

This action is related to the alleged financial irregularities by several companies of Anil Ambani, including Reliance Infrastructure (R Infra) and manipulation of the amount of collective loan of more than Rs 17,000 crore. The first charge is related to the misuse of the “illegal” loan of about Rs 3,000 crore given by Yes Bank to the companies of Ambani Group between 2017 and 2019. The ED suspects that just before the loan was given, the promoters of Yes Bank had “received” funds in their companies. The agency is investigating the “bribe” and the nexus of the loan in this entire network.

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Reliance shares: Anil Ambani’s difficulties are not taking the name of being reduced these days. On one hand, the Enforcement Directorate (ED) has summoned for questioning for questioning in the loan fraud case of Rs 17,000 crore. Now the ED has sent a letter to 12-13 banks and sought information about the details of the entire process, lapse time and loan recovery to the companies of Reliance Group. This news had a bad effect on his companies.

5 percent lower circuit in shares

Today, during the trading in the stock market, the shares of Reliance Group companies declined by 5 percent. Reliance Power’s shares fell 5 percent to Rs 47.58, while Reliance Infrastructure shares fell by 4.98 percent to Rs 296.15. Reliance Home Finance shares are trading at Rs 4.84 with a decline of 4.84 percent.

ED wants to understand the action of banks

According to an Economic Times report, the ED has first summoned Anil Ambani and now wants to understand what action the banks took after the companies missed the loan. On the condition of anonymity, a senior official told ET, “We want to know what action the banks took against the default companies, even if any action was taken.” Have they filed a complaint with a criminal case in an investigating agency?

About 17,000 crore loans given to Reliance Home Finance Limited, Reliance Commercial Finance Limited and Reliance Communications have now turned into non-performing assets (NPAS). It is being told that about 20 private and public sector banks gave loans to the companies of Reliance Group of Anil Ambani.

Reliance Power shares in oversold zone

On the technical front, there are signs of Reliance Power being in the oversold zone. The relative strength index (RSI) of the stock on the chart is at 28.0. RSI below 30 usually shows that stock is oversold. There is excessive selling pressure on this and now he can either stop there or go back up. In such a situation, now there is a possibility of recovery in Reliance’s shares.

At the same time, the daily RSI reading of Reliance Infrastructure is 31.0. It is not in the oversold zone, but it is only slightly above this level. RSI (Relative Strength Index) is a Momentum Indicator that measures how much the stock was bought or sold in recent times. Its score is between 0 and 100. If the RSI of a share goes above 70, then it comes into the ‘Overbough’ category and now there are indications of decline.

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Reliance Power Share: The stock of Anil Ambani’s company Reliance Power saw a decline on Thursday. Reliance Power’s shares on BSE slipped to 1.6 percent to Rs 65. This is because the company’s board has approved the plan to raise Rs 6000 crore in the qualified Institutes Placement (QIP) and other ways.

In addition, the board has also approved the release of secure/unuser, redeemable, non-convertible debenture (NCD) in private placements or other ways in one or more parts.

Share ran from rocket speed

The company will gather this fund by issuing equity shares or equity-linked instruments to qualified institutional buyers (QIBS). This is a multibagger stock, which has given a return of up to 130 percent in the last one year, but do you know that 5 years ago this stock broke 99 % from its high to 1 percent? Yes.

In 2008, Reliance Power’s stock was trading at around Rs 260.78. On March 27, 2020, it fell drastically and the share price broke down 99 percent to Rs 1.13 directly. Then in the last few years, the company has slowly recovered and since then this stock has jumped up to 5616 percent.

Networth had reached zero

Anil Ambani was once the richest and one of the sixth richest people in the country and his total assets were more than Rs 1.83 lakh crore. In February 2020, he was declared bankrupt in a UK court. His net worth had reached zero, but gradually things were handled. The company has made many new agreements, started work on many projects, which is visible on both its shares and Anil Ambani’s net worth. By June 6, 2025, Anil Ambani’s total assets were estimated at $ 3 billion.

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Anil ambani: Anil Ambani’s companies such as Reliance Power and Reliance Infrastructure are recovering again. They are getting many new projects, due to which the shares are boom and the debt burden is also gradually decreasing. However, there was a time when he had to face a lot of challenges. In the year 2020, he declared himself bankrupt. He had even said that there is so much debt on him that there was no money to pay the fees to the lawyer.

There was no money to pay the fees even the lawyer

In 2012, for Reliance Communication, Anil Ambani took a loan of $ 700 million from three Chinese banks on his guarantee. In 2020, a London court asked Ambani to repay a US dollar loan within 21 days, including interest. At that time, Anil Ambani said in the court that he does not have money for his expenses. His net worth is zero. Lakhs of troubles occurred in his life, but despite this, he did not even care about selling a unique thing in his mind.

This precious thing inherited by father

Here, his 17 -storey luxurious house is being talked about, which he inherited from his father. This is his home to Anil Ambani’s most valuable property. It is in Pali Hill area of Mumbai. Spread over 16,000 square feet, this house has everything that you cannot even imagine. This includes a helipad, swimming bridge, huge garage for luxury cars, big lounge area all things. Anil Ambani lives in this house with his wife Tina Ambani and his two sons, Jai Anmol Ambani and Jai Anshul Ambani. The estimated price of this house is Rs 5000 crore.

How much property does Anil Ambani have?

Anil Ambani has a private jet, which costs around Rs 311 crore. He has a collection of more than one cars like Rolls Royce Phantom, Lexus SUV, Audi Q7 and Mercedes GLK 350. Once he gave a luxury yacht of Rs 400 crore to his wife Tina on his 64th birthday, which he named ‘Tian’ in his honor. Now that their companies are gradually handling, the arrears are being repaid, the company is getting new projects, the price of shares is increasing, then their assets are also increasing. Today, the total assets of Anil and Tina Ambani are more than Rs 2,500 crore.

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Gautam adani big move: Gautam Adani, India’s second richest man and veteran businessman, is constantly increasing the scope of his business in the country and abroad. In this sequence, he is going to buy a bankrupt company of Anil Ambani. In fact, there was a long -talk of acquisition of the acquisition of 600 MW butibori thermal power plant of 600 MW of Vidarbha Industries Power Limited (VIPL), a subsidiary company of Reliance Power, Adani Power Limited. This plant is located in Nagpur.

Purchase was approved for 4000 crores

Finally, on 18 June, the National Company Law Tribunal has approved Adani Power to buy VIPL for Rs 4000 crore. With this acquisition, Adani Power will help in increasing its capacity of power production and it will also be helpful in fulfilling the increasing power demand in the country.

Please tell that Adani Power had introduced the Samadhan Yojana for this acquisition. Now with the acquisition of NCLT, it will acquire 100 percent stake in VIPL. Along with the payment of Rs 4,000 crore for the acquisition of the company in the successful resolution scheme, the company has also agreed to pay the liabilities of Rs 6,753 crore.

Market Cap of Adani Power

On 24 February, Adani Power in his stock exchange filing had informed about the approval from the Committee of creditors (COC) for its solution plan for the acquisition of VIPL. Let us know that till June 19, the market capitalization of Adani Power was Rs 2.07 lakh crore.

On Thursday, the price of its share was Rs 533.20. In the March quarter of the FY25, the company’s net profit was recorded by 4 percent, which was Rs 2,637 crore against Rs 2,737 crore in the same period a year ago.

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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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Reliance Power Limited Share: Anil Ambani’s Reliance Power Limited shares got a tremendous jump on Friday. The price of the company’s stock reached a high level of Rs 52.90, hitting a long jump of 18.66 percent. Last time, he reached Rs 52.47 with a gain of 17.70 percent. It has climbed 16.39 percent in a year.

Renewable energy segment is growing rapidly

Reliance Power has recently decided to build the largest solar plant in Bhutan in collaboration with Bhutan’s Dract Holding and Investments (DHI). In this project of about 2000 crore rupees, there is a 50-50 percent partnership between the two. The 500 MW (MW) project will develop two companies together through the Build-On-Operate (BoO) model.

This investment in the segment of solar energy in Bhutan wants to increase the portfolio of Reliance Power Renewable Energy. Also, this will strengthen the economic cooperation between India-Bhutan. The company said in a statement, “Reliance Power’s Total Clean Energy Pipeline is on 2.5 GW Peak (GWP) in the solar segment, which makes it India’s largest company in Integrated Solar and Battery Energy System (BESS) segment.

Take care of this too

According to a Business Today report, Kantathi Bathini, director of equity strategy in wealth securities, says that Reliance Power’s stock can benefit from favorable conditions in the power sector. However, earlier the company’s stock has seen a significant decline, so it is right for investors who like to take high risk.

By 1:00 pm today, both NSE and BSE had a job of 232.3 lakh shares, which is four times more than the average weekend volume of 54 million stocks of stock. Investors are eyeing this stock in recent times.

On May 20, Reliance Power allotted equity shares of Rs 43.89 crore to Reliance Infrastructure Limited and Basera Home Finance Private Limited. According to the exchange filing, the company issued a total of 1.33 crore equity shares on Rs 33 per share (including Rs 23 premium).

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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