Reliance Power Limited Assets Provisionally Attached Worth Rs. 407.60 Crore; Company Files Appeal
Reliance Power Limited has reported receiving an order from the Adjudicating Authority, PMLA, confirming the provisional attachment of certain company assets. The order, dated May 18, 2026, relates to alleged violations under the Prevention of Money Laundering Act (PMLA).The company confirmed the receipt of the communication from the Adjudicating Authority, PMLA, on May 20, 2026.
In the communication, the Adjudicating Authority confirmed the provisional attachment of company assets amounting to Rs. 407.60 crore. The attachment is applicable up to 365 days under the provisions of PMLA, subject to the outcome of further proceedings and appeals.
The company stated that the alleged violations pertain to PMLA.
Key details regarding the asset attachment are summarized below:
| Parameter | Detail |
|---|---|
| Authority | Adjudicating Authority, PMLA |
| Date of Order | May 18, 2026 |
| Asset Attachment Amount | Rs. 407.60 crore |
| Period of Attachment | Up to 365 days (subject to appeal) |
| Allegations | Alleged violations of PMLA |
| Business Impact | No impact on the business operations of the Company |
In response to the order, Reliance Power Limited confirmed that it will file an appeal challenging the attachment of the assets.
RPOWER Stock Price Movement
On Wednesday, Reliance Power Limited shares edged higher, closing at ₹27.13, reflecting a 0.11% gain. The equity settled on significant buying interest, with total traded volume reaching 21.47 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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