Announced Thu, 2 Jul · 22:07 IST
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.
Price reaction · full curve 14 horizons · vs prior close
-5.1%1-day move
₹26.58
prior close
₹26.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.4-2.3-2.8-3.1-5.1-5.9-6.9-6.5-5.2-7.7-9.0———
Up moveDown movePending
AI summary
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.
Likely market impact
Minor financial hit of about Rs 2.45 crore. Company plans to appeal and expects a favourable order. Limited impact on operations.