Reliance Power and Reliance Infrastructure have issued a formal media statement clarifying the employment status of former executives. The company confirms that Mr. Amitabh Jhunjhunwala and Mr. Amit Bapna departed the Group in 2019. Both individuals have had no professional association with the organizations for nearly seven years. This statement aims to address recent media queries and provide transparency regarding current leadership and management alignment.
Clarification on Management Association
In response to recent media inquiries, Reliance Group has officially clarified the timelines regarding the departure of two former key personnel. Mr. Amitabh Jhunjhunwala, who previously served as the Group Managing Director and as a Director at Reliance Capital, concluded his tenure with the Group in September 2019. Similarly, Mr. Amit Bapna, the former Chief Financial Officer of Reliance Capital and Director of Reliance Home Finance, ended his association in December 2019. The company emphasizes that neither individual has held any professional affiliation with Reliance Infrastructure or Reliance Power for nearly seven years.
About Reliance Group
The Reliance Group, encompassing Reliance Infrastructure and Reliance Power, maintains a significant market presence with a combined investor base of approximately 50 lakh shareholders. The group serves millions of customers across various critical sectors including power, infrastructure, and defense.
Infrastructure and Power Capabilities
Reliance Infrastructure remains a major player in the engineering and construction sector, utilizing various Special Purpose Vehicles (SPVs) to execute large-scale projects in power, roads, and metro rail networks.
Reliance Power continues to be a leading entity in India’s power generation landscape. Its portfolio features a total installed capacity of 5,305 MW. A flagship asset within this portfolio is the ~4,000 MW Sasan Ultra Mega Power Project located in Madhya Pradesh, which currently holds the distinction of being the largest integrated thermal power plant in the world.
Source: BSE
