Archive · 8 Dec 2025
Reliance Power Faces ED Chargesheet Amid Green Energy Expansion
Reliance Power's share price fell over 6% after the Enforcement Directorate (ED) filed a chargesheet against the company and 10 others in a money laundering case.
The case involves a fake bank guarantee of ₹68.2 crore used to secure a tender from the Solar Energy Corporation of India.
Reliance Power maintains that it and its subsidiaries are victims of fraud committed by third parties.
Meanwhile, Reliance Group is expanding into green energy, setting up an integrated solar manufacturing facility and a battery energy storage system (BESS) ecosystem.
The company aims to reduce import dependence and strengthen India's clean energy security.
Reliance NU Energies is also shifting to provide round-the-clock renewable energy using a mix of solar, wind, and BESS.
Despite the legal issues, Reliance Power continues to operate normally and is committed to growth and operational excellence.
Reliance Power's share price fell over 6% after the ED filed a chargesheet in a money laundering case involving a fake bank guarantee of ₹68.2 crore.
The chargesheet names Reliance Power and 10 others, including former CFO Ashok Kumar Pal and subsidiaries of the company.
Reliance Power maintains that it and its subsidiaries are victims of fraud committed by third parties and denies any wrongdoing.
Reliance Group is expanding into green energy, setting up an integrated solar manufacturing facility and a BESS ecosystem to reduce import dependence and strengthen India's clean energy security.
Reliance NU Energies is shifting to provide round-the-clock renewable energy using a mix of solar, wind, and BESS, securing significant projects in the last 12 months.
- Who
- Reliance Power and 10 others, including former CFO Ashok Kumar Pal
- What
- ED filed a chargesheet in a money laundering case involving a fake bank guarantee
- When
- Chargesheet filed on Saturday, share price drop on Monday
- Where
- India
- Why
- Allegations of issuing a fake bank guarantee of ₹68.2 crore for securing a tender
- Company
- Reliance Power
- Share Price Drop
- 6.39%
- Chargesheet Amount
- ₹68.2 crore
- Accused
- 10 others including former CFO
- Solar Demand by 2030
- 55–60 GW annually
- Battery Storage by 2032
- 250 GWh
- Reliance Power's Stance
- Victims of fraud
- Share Price Change (1 Month)
- -10%
- Share Price Change (3 Months)
- -23%
- Share Price Change (6 Months)
- -43%
- Share Price Change (YTD)
- -21%
- Share Price Change (2 Years)
- +48%
- Share Price Change (3 Years)
- +125%
- Share Price Change (5 Years)
- +846%
Sources
Reliance Infra setting up integrated solar manufacturing ecosystem
Reliance Power share price falls over 6% after ED files chargesheet in fake bank guarantee case
Anil Ambani Group bets big on green energy: Plans integrated solar facility, expansion of Reliance NU Energies - Industry News
