Reliance Power gets about Rs 2.45 cr income tax penalty for AY 2016-17
RPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.5 pts less than Nifty Smallcap 250 and 3.1 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Income Tax Department has levied a penalty of about Rs 2.45 crore on Reliance Power under Section 271(1)(c) of the Income-tax Act for Assessment Year 2016-17. The penalty relates to disallowance under Section 14A read with Rule 8D and a transfer pricing adjustment. The order was passed on June 29, 2026 and received on July 2, 2026. The company says there is no material impact beyond the penalty amount and plans to appeal before appellate authorities, expecting a favourable outcome.
Minor financial hit of about Rs 2.45 crore. Company plans to appeal and expects a favourable order. Limited impact on operations.