Reliance Power Subsidiary Gets Court Relief on Power Deal Termination

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).

Delhi High Court Ruling

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.

No Impact from Reliance Communications Case

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.

About Reliance Power

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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Reliance Power Share Price Movement

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.

Conclusion

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.

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