Anil Ambani’s Reliance Infra and Reliance Power See Revival Amid Legal, Strategic Wins

Once a high-profile figure in Indian business, Anil Ambani had largely faded from public view after a series of financial setbacks. However, recent developments suggest a potential turning point for his business empire.

Two of his key companies Reliance Infrastructure and Reliance Power are showing strong stock market performance, aided by favourable legal outcomes and major government contracts.

Strong Momentum in Reliance Infrastructure

Reliance Infrastructure has recorded a significant stock rally, rising over 100% in the past year. This includes a 61% gain in the last month and an 11% increase in the last five trading sessions alone.

A key factor in this uptick was a recent ruling by the National Company Law Appellate Tribunal (NCLAT), which suspended an earlier insolvency order by the NCLT. This provided much-needed legal clarity and renewed investor confidence.

In addition to its legal win, the company secured a major defence contract. It became the first private Indian firm to independently undertake a full-scale aircraft upgrade programme—a project valued at ₹5,000 crore, to be executed over 7–10 years. 

This marks a strategic move into the high-value defence and aerospace sector, bringing long-term business visibility.

Reliance Power’s Green Energy Push

Reliance Power has also seen a notable surge in its stock price, climbing over 60% in the past month and reaching levels last seen in 2018. The key driver was a 25-year Power Purchase Agreement (PPA) signed by its subsidiary, Reliance NU Suntech, with the Solar Energy Corporation of India (SECI). 

The agreement covers a 930 MW solar project combined with a 465 MW/1,860 MWh battery energy storage system (BESS)—Asia’s largest single-site solar-BESS project—with an estimated investment of ₹10,000 crore over two years.

Additionally, the Delhi High Court granted interim relief by staying SECI’s debarment order, allowing the company to continue bidding for public tenders. This was followed by a ₹348.15 crore equity infusion through preferential share allotments in May 2025, improving the company's financial position.

Early Signs of a Turnaround?

Anil Ambani’s journey—from declaring zero net worth during a 2020 UK court appearance to the current revival of his companies—has been marked by volatility. While challenges remain, the recent performance of Reliance Infrastructure and Reliance Power suggests a shift in market sentiment.

Legal reprieves, strategic diversification into green energy and defence, and improved balance sheets have all contributed to renewed investor interest. While it may be premature to label this a full recovery, the momentum indicates that Anil Ambani’s corporate group could be on a carefully managed path to stability.

Read More: Reliance Power Shares Rise 7%, Extend Gains for 4th Session on Jun 11.

Conclusion

The recent surge in Reliance Infrastructure and Reliance Power highlights a shift in sentiment surrounding Anil Ambani’s business interests. Legal relief, strategic contract wins, and sectoral expansion into defence and renewable energy have all contributed to improving investor confidence.

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