Reliance Power Ltd News Today

The proposal still needs shareholder approval before it can move forward.

Company’s operating EBITDA registered a whopping growth of 1,109% to ₹589.80 Crore in the quarter ended March 2025.

This acquisition is in line with Adani power‘s strategy to cement its position in the sector through enhancing thermal power generation capacity.

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The legal proceedings resulted with the notice being removed. SECI does not have the authority to take any legal action in light of this withdrawal.

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SECI had earlier imposed a three-year ban under the National Solar Mission, citing submission of fake bank guarantees by Reliance NU BESS.

According to the corporation, the preferred issue will increase its net worth from approximately Rs 11,155 crore to over Rs 12,680 crore.

Following the board's approval of a ₹1,525 Crore cash raise via preferential allotment technique on 23 September.

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