Reliance Power Limited has informed the Exchange regarding a press release dated July 03, 2025, titled "Media Release".
RPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Reliance Power issued a press release clarifying that State Bank of India's recent move to classify the loan account of Reliance Communications Limited as fraud has absolutely no impact on Reliance Power's business, finances, shareholders, employees, or stakeholders. The company emphasized that it is a separate and independent listed entity with no business or financial linkage to Reliance Communications. Notably, Anil D. Ambani is not on the Board of Reliance Power, so actions taken against Reliance Communications have no bearing on Reliance Power's governance or management. Reliance Power reiterated its focus on its 5,305 MW operating portfolio, which includes the 3,960 MW Sasan Power plant, the world's largest integrated coal-based power facility.
This is a reactive clarification aimed at preventing confusion and reputational damage from the Reliance Group association. It should reassure investors that the SBI action against Reliance Communications will not affect Reliance Power's operations or financial standing, though sentiment-driven selling pressure is still possible in the short term.