Anil Ambani-owned Reliance Power announced that its subsidiary, Reliance NU Suntech Private Limited, has received relief regarding the planned cancellation of its power purchase agreement (PPA).
Reliance NU Suntech had approached the Delhi High Court seeking a stay against Solar Energy Corporation of India’s (SECI) notice to terminate the agreement. The court granted an order maintaining the status quo and barred SECI from taking any coercive action against the subsidiary for now.
Recently, there was confusion after SBI classified Reliance Communications’ loan as fraud. Reliance Power clarified that this does not affect its business, finances, employees, or stakeholders.
Reliance Power was set up to develop, build, and run power projects within India and abroad. The company, along with its subsidiaries, holds a substantial portfolio of power generation assets, including projects that are already operational and others that are still under development.
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As of July 9, 2025, Reliance Power share price is trading at ₹64.50 per share, down 0.95% for the day. The company has a market capitalisation of ₹26,610 crore, a P/E ratio of 9.22, and no dividend yield. Over the past 52 weeks, the share price has ranged from a low of ₹25.75 to a high of ₹76.49.
The court’s interim relief gives Reliance Power crucial breathing space to protect its renewable energy deal. Investors, however, should remain cautious as legal proceedings continue and the stock remains volatile despite strong gains in 2025.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jul 9, 2025, 4:17 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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