Legal5 Dec 2025, 09:21 pm
Reliance Power Clarifies Normal Operations Despite Asset Attachment by ED
AI Summary
Reliance Power has clarified that it continues to operate normally, despite the provisional attachment of assets by ED amounting to Rs 10,117 crore for alleged violation of PMLA. The majority of attached assets, worth Rs 8,078 crore, pertain to Reliance Communications, a company that has not been part of the Reliance Group since 2019. The remaining attached assets pertain to Reliance Infrastructure Limited, independent companies with no involvement from the Reliance Group, and the Company's assets at Ballard Estate and windmill assets. Reliance Power remains committed to growth, operational excellence, and creating sustainable value for all stakeholders.
Key Highlights
- Reliance Power continues to operate normally despite asset attachment by ED.
- Majority of attached assets pertain to Reliance Communications, a company not part of the Reliance Group since 2019.
- Attached assets also include those of Reliance Infrastructure Limited and independent companies with no Reliance Group involvement.
- Company assets at Ballard Estate and windmill assets are also attached.
- Reliance Power remains committed to growth, operational excellence, and creating sustainable value for all stakeholders.