Reliance Power's Shares and Receivables Are Provisionally Attached Following ED Order
Reliance Power Limited has received a provisional attachment order concerning its shares held by the company's promoter, alongside specific receivables owed to it by subsidiaries.The action stems from a Provisional Attachment Order No. 33/2026 dated July 10, 2026, issued by the Enforcement Directorate (ED), as reported on July 11, 2026. The order relates to alleged violations of PMLA and covers the period spanning from 2017 to 2019.
The provisional attachment targets shares belonging to M/s. Reliance Infrastructure Limited, the promoter of Reliance Power Limited, valued at Rs. 762.75 crore. Furthermore, the order includes certain amounts comprising receivables owed to the Company by its wholly owned subsidiaries. Specifically, the receivables include Rs. 116.96 crore from Sasan Power Limited (SPL) and Rs. 141.48 crore from Reliance Cleangen Limited (RCL).
The total expected financial implication of the order on the listed company is stated as Rs. 258.44 crore. In response to the communication, the Company has stated that it will take all appropriate steps to safeguard its interest and the interests of all shareholders and other stakeholders as may be legally advised.
RPOWER Stock Price Movement
On Friday, Reliance Power Limited's equity rallied, finishing at ₹25.12 after gaining 1.41% from the previous close. The company saw strong trading activity as nearly 22.1 million shares were transacted throughout 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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.