Reliance Power clarifies no impact from Bank of Baroda's action on Reliance Communications

Reliance Power Limited (RPOWER) issued a media release on September 5, 2025, clarifying that Bank of Baroda's action to classify the loan accounts of Reliance Communications Limited and Anil D Ambani as fraud does not impact Reliance Power's business operations, financial performance, shareholders, employees, or any other stakeholders. The company highlighted that the classification pertains to matters dating back 10 years and that Anil D Ambani has not been on the board of Reliance Power Limited for over 3.5 years.

Reliance Communications is currently managed under the supervision of a Committee of Creditors, led by SBI, and overseen by a Resolution Professional. This matter is pending before various judicial forums, including the Supreme Court, for the past six years. Reliance Power emphasized that it is a separate and independent listed entity with no business or financial linkage to Reliance Communications.

Reliance Power, part of the Reliance Group, continues to focus on its business plans and is committed to creating value for all stakeholders. The company operates a portfolio of 5,305 megawatts, including the 3,960 megawatts Sasan Power Limited, which has been ranked as India's best operating power plant for the past seven years.