Reliance Group-Backed & Anil Ambani’s power company had challenged the notice issued by SECI in the High Court of Delhi

Reliance NU Suntech Private Limited, a company backed by the Reliance Group and Anil Ambani, has gone to the Delhi High Court to challenge a notice from the Solar Energy Corporation of India Limited (SECI). SECI was planning to end their agreement to buy power, and Reliance NU Suntech asked the court to stop this. The High Court has decided to maintain the current situation, meaning SECI cannot take any harsh actions against Reliance NU Suntech for now. This legal step comes after SECI issued a "show cause notice" to Reliance NU Suntech on July 1, 2025, asking why their Power Purchase Agreement (PPA) should not be terminated.

The dispute stems from an earlier issue involving another Reliance Power subsidiary, Reliance NU BESS Private Limited. That company faced allegations of providing a forged bank guarantee for a different project, which led to temporary bans against both Reliance Power and Reliance NU BESS. Although the ban on Reliance Power was later lifted, Reliance NU Suntech argues that it was not directly involved in the alleged wrongdoing and had no knowledge of the issue with its affiliate when it submitted its bid on September 30, 2024. They also informed SECI about the debarment orders and court cases in November 2024, before their PPA was signed on April 30, 2025, implying SECI was already aware of the situation. The court will hear the case again on September 17, 2025, to consider whether Reliance NU Suntech should be held responsible for the actions of its affiliate.

Additionally, Reliance Power Limited wants to make it clear that State Bank of India's recent decision to classify Reliance Communications Limited's loan as fraudulent has no impact whatsoever on Reliance Power's business, finances, shareholders, employees, or any other stakeholders. Reliance Power is a separate and independent company listed on the stock exchange, with no business or financial connection to Reliance Communications. Furthermore, Mr. Anil D. Ambani is not on the Board of Reliance Power Limited. Therefore, any actions taken concerning Reliance Communications do not affect Reliance Power's governance, management, or operations

Earlier, Reliance NU Energies Private Limited, a subsidiary of Reliance Power, secured a Letter of Award from SJVN Limited for a 350 MW inter-state transmission system (ISTS)-connected solar power project, combined with a 175 MW/700 MWh Battery Energy Storage System (BESS). This win, at a competitive tariff of Rs 3.33/kWh, will involve installing 600 MW solar DC capacity and 175 MW/700 MWh of BESS capacity, making Reliance Power India's largest player in the integrated Solar + BESS segment with a clean energy pipeline of 2.4 GW Solar DC and over 2.5 GWH BESS capacity. This project was part of an oversubscribed 1,200 MW solar + 600 MW/2,400 MWh BESS tender, highlighting strong industry interest in dispatchable renewable energy and solidifying Reliance Power's commitment to India's sustainable energy future.

About Reliance Power Ltd

Reliance Power Limited, part of the Reliance Group, is one of India's leading private sector power generation companies. The company has an operating portfolio of 5,305 megawatts, which includes 3960 megawatts Sasan Power Limited (the world's largest integrated coal-based power plant). For the past seven years, Sasan Power has consistently ranked as the best operating power plant in India.

On Thursday, shares of Reliance Power Ltd surged 0.33 per cent to Rs 64.56 per share from its previous closing of Rs 64.35 per share. The company has a market cap of Rs 26,000 crore. The stock gave multibagger returns of over 150 per cent from its 52-week low of Rs 25.76 per share.

Disclaimer: The article is for informational purposes only and not investment advice.