Reliance Power asserts no impact from communications fraud classification

Reliance Power has issued a statement asserting its independence from Reliance Communications, stating that the recent classification of Reliance Communications' loan account as fraudulent by State Bank of India will not affect its operations or financials. The company emphasizes that it is a separate listed entity with no business or financial ties to Reliance Communications, and that Mr. Anil D. Ambani is not on the Board of Reliance Power Limited. Reliance Power, with an operating portfolio of 5,305 megawatts, remains focused on its business plans and is committed to delivering value to its stakeholders. The company is part of the Reliance Group, is one of India's leading private sector power generation companies. The Company's portfolio includes the 3960 megawatts Sasan Power Limited.