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Reliance Power Limited
(RPOWER)
Reliance Power Limited (RPOWER) vs. iShares MSCI India ETF (INDA)
Reliance Power Limited Business Overview & Revenue Model
Reliance Power Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 74.76B | 75.83B | 78.93B | 75.14B | 75.03B | 79.34B |
| Gross Profit | 40.19B | 40.44B | 44.54B | 41.40B | 48.13B | 51.83B |
| EBITDA | 26.11B | 25.96B | 13.70B | 20.88B | 29.39B | 38.21B |
| Net Income | 30.90B | 29.48B | -20.68B | -4.71B | -9.64B | 2.29B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 412.83B | 437.60B | 485.35B | 498.12B | 507.82B |
| Cash, Cash Equivalents and Short-Term Investments | 4.40B | 9.73B | 4.72B | 2.73B | 6.74B | 3.44B |
| Total Debt | 0.00 | 151.53B | 187.66B | 212.36B | 231.29B | 256.35B |
| Total Liabilities | -163.37B | 249.46B | 321.46B | 352.48B | 364.26B | 369.68B |
| Stockholders Equity | 163.37B | 163.37B | 116.14B | 115.95B | 117.64B | 122.46B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 19.38B | 31.74B | 36.39B | 34.17B | 40.15B |
| Operating Cash Flow | 0.00 | 19.38B | 31.74B | 40.24B | 36.13B | 41.49B |
| Investing Cash Flow | 0.00 | 4.53B | -1.92B | -3.54B | 2.84B | 4.86B |
| Financing Cash Flow | 0.00 | -24.35B | -27.34B | -36.23B | -38.49B | -46.15B |
Reliance Power Limited Technical Analysis
Reliance Power Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹2.92T | 24.28 | ― | ― | -0.70% | -5.41% | |
73 Outperform | ₹3.16T | 13.32 | ― | 2.64% | 1.68% | 7.60% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | ₹922.38B | 45.53 | ― | 0.38% | 39.71% | 1.33% | |
62 Neutral | ₹122.88B | 22.41 | ― | ― | -17.70% | -50.89% | |
58 Neutral | ₹168.41B | 5.29 | ― | ― | -6.40% | ― | |
44 Neutral | ₹58.05B | 67.82 | ― | ― | -5.68% | -99.16% |
Reliance Power Limited Corporate Events
Reliance Power Limited announced the resignation of Dr. Vijayalakshmy Gupta as a Non-Executive Independent Director, effective November 3, 2025. This change in the board composition is part of the company’s ongoing governance adjustments, which may impact its strategic direction and stakeholder relationships.
Reliance Power Limited announced that certain assets of its promoter, Reliance Infrastructure Limited, have been provisionally attached by the Enforcement Directorate for alleged violations under the Prevention of Money Laundering Act. However, the company clarified that this does not affect its business operations or stakeholders, and no assets of Reliance Power itself have been attached.
Reliance Power Limited has announced the opening of a special window for the re-lodgement of transfer requests for physical shares, in compliance with a SEBI circular. This initiative, available until January 6, 2026, aims to facilitate shareholders in transferring their physical shares, potentially impacting the company’s shareholding structure and aligning with regulatory requirements.
Reliance Power Limited announced the resignation of Ashok Kumar Pal from his roles as Executive Director and Chief Financial Officer, effective October 11, 2025. This resignation is linked to an ongoing investigation in which Pal maintains his innocence, but has chosen to step down to focus on clearing his name. The departure of a key executive amid legal proceedings could impact the company’s management stability and investor confidence.
Reliance Power Limited announced the resignation of Mr. Ashok Kumar Pal from his roles as Executive Director and Chief Financial Officer, effective October 11, 2025. This decision follows his arrest related to an ongoing investigation by the Enforcement Directorate, which stems from a complaint he originally filed. Mr. Pal maintains his innocence but has chosen to resign to focus on clearing his name. This resignation could impact the company’s leadership dynamics and may influence stakeholder confidence amidst the ongoing investigation.
Reliance Power Limited has announced a change in its management structure with the appointment of Shri Arup Ashok Gupta as a Non-Executive and Non-Independent Director. Additionally, Shri Neeraj Parakh, the current Executive Director and CEO, will take on the interim role of Chief Financial Officer. These changes are part of the company’s ongoing efforts to strengthen its leadership team, which could have implications for its operational strategies and stakeholder confidence.
Reliance Power Limited has announced that its Board of Directors has authorized key managerial personnel to determine the materiality of events or information for disclosure to stock exchanges, in compliance with SEBI regulations. This move is aimed at ensuring timely and accurate communication with stakeholders, potentially enhancing the company’s transparency and regulatory compliance.
Reliance Power Limited has disclosed that its Executive Director and Chief Financial Officer, Shri Ashok Kumar Pal, was arrested by the Enforcement Directorate under the Prevention of Money Laundering Act in connection with a fraud case involving fake endorsements of bank guarantees. The company, which considers itself a victim in this matter, has stated that Mr. Pal has stepped down from his position to assist with the investigation. The company also clarified that Anil D. Ambani has not been on the board for over three years and is not involved in the case. Reliance Power is committed to taking all necessary legal steps to address the situation.
Reliance Power Limited has announced that its Board of Directors has noted an application for the reclassification of Reliance Capital Limited to the public category under SEBI’s Listing Regulations. This move follows the implementation of a resolution plan by IndusInd International Holdings Limited under the Insolvency and Bankruptcy Code, 2016. The company has filed applications with BSE and NSE seeking their no objection, indicating a strategic step in compliance with regulatory requirements.
Reliance Power Limited has announced that it received a Show Cause Notice from SEBI concerning Reliance Infrastructure Limited’s involvement with CLE Private Limited, regarding alleged violations of SEBI regulations. However, Reliance Power clarified that it has no exposure to CLE Private Limited and will address the matter as per legal advice, indicating a proactive approach to regulatory compliance and stakeholder transparency.
Reliance Power Limited announced the resignation of Dr. Thomas Mathew as an Independent Director, effective August 29, 2025. Dr. Mathew, who also holds directorships in Reliance Infrastructure Limited and Eraaya Lifespaces Limited, confirmed that his resignation was due to personal reasons and not influenced by any other material factors. This change in the board may impact the company’s governance dynamics and strategic direction.
Reliance Power Limited has clarified that the recent classification of Reliance Communications Limited’s loan account as fraud by the Bank of India does not affect its business operations, financial performance, or stakeholders. The company emphasizes its independence from Reliance Communications and its commitment to its business plans and stakeholder value creation. The matter concerning Reliance Communications is under judicial review and has no bearing on Reliance Power’s operations.
Reliance Power Limited has clarified that the recent actions taken by the Central Bureau of Investigation against Reliance Communications Limited and Mr. Anil D Ambani have no impact on its business operations, financial performance, or stakeholders. The company emphasizes its independence from Reliance Communications, with no business or financial linkages, and highlights that Mr. Anil D. Ambani has not been on its board for over 3.5 years. Reliance Power remains committed to its business plans and continues to focus on creating value for its stakeholders.
Reliance Power Limited held its 31st Annual General Meeting on August 08, 2025, chaired by Executive Director and CEO Neeraj Parakh. The meeting, conducted via video conferencing, covered key business items including the adoption of audited financial statements and the re-appointment of directors Ashok Kumar Pal and Harmanjit Singh Nagi. The proceedings reflect the company’s adherence to regulatory requirements and its commitment to maintaining transparency and governance standards.
Reliance Power Limited has announced the results of its 31st Annual General Meeting held on August 8, 2025. The company has provided details of the voting results and the Scrutinizer’s Report for the meeting, which was attended by shareholders through video conferencing. This announcement is part of the company’s compliance with SEBI regulations, reflecting its commitment to transparency and stakeholder engagement.