Reliance Infrastructure Limited has informed the Exchange about Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Reliance Infrastructure has made a full payment of Rs. 92.68 crore to Dhursar Solar Power Private Limited to settle a tariff claim under their Energy Purchase Agreement. The NCLT Mumbai had passed an order on May 30, 2025 initiating Corporate Insolvency Resolution Process (CIRP) and appointing an interim resolution professional in case C.P. (IB) 642/MB/2022. The company is appealing to NCLAT to seek withdrawal of the order, stating that it has become infructuous because full payment has already been made. Reliance Infrastructure asserts the NCLT order has no impact on the company or any of its subsidiaries.
The stock may see negative sentiment due to the insolvency proceedings being initiated, but the company's quick full settlement and appeal to NCLAT to withdraw the order may help contain damage. Investors should monitor the NCLAT outcome closely as the CIRP admission poses a near-term overhang on the stock.