Reliance Power Limited (RPL), along with its subsidiaries and other parties, has been named in a supplementary prosecution complaint filed by the Enforcement Directorate (ED) in connection with a matter involving a Solar Energy Corporation of India (SECI) bank guarantee.
Details of the Complaint
According to the filing, the supplementary prosecution complaint includes the following entities and individuals:
- Reliance Power Limited
- Reliance NUBESS Limited
- Rosa Power Supply Company Limited
- Manoj Bhaiyasaheb Pongde
- Additional third parties
The case pertains to matters under investigation relating to a SECI bank guarantee.
Company Statement and Legal Position
Reliance Power stated that it acted in good faith and has claimed to be a victim of fraud by external parties. As part of its response, Reliance NUBESS Limited filed a criminal complaint with the Economic Offences Wing of Delhi Police on October 16, 2024. An FIR was subsequently registered on November 11, 2024, naming individuals alleged to be involved in the matter.
The company noted that the allegations presented in the supplementary complaint are yet to undergo judicial examination. Reliance Power confirmed that it will present its position before the appropriate legal forum.
Operational Status and Financial Context
Reliance Power reported that its business operations continue, and recent financial disclosures provide the following snapshot for FY 2025:
| Financial Metric | FY 2025 (₹ crore) | YoY Change |
| Total Assets | 41,282.90 | -5.66% |
| Shareholders’ Capital | 16,337.20 | +40.67% |
| Current Assets | 4,190.30 | -7.54% |
| Current Liabilities | 9,636.40 | -46.10% |
| Investments | 172.60 | -17.57% |
Company Communication to Stakeholders
The company stated that it continues regular operations and has reiterated its intention to safeguard stakeholder interests while following due legal process.
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