Reliance Power Limited has received an order dated May 18, 2026, confirming the provisional attachment of certain company assets valued at Rs. 407.60 crore. The order, issued by the Adjudicating Authority under PMLA, cites alleged violations. The company has clarified that this action will have no impact on its ongoing business operations and intends to challenge the decision by filing an appeal.
Details of the Asset Attachment
On May 20, 2026, Reliance Power Limited received a formal communication confirming the provisional attachment of specific corporate assets. The total value of the assets subject to this order is Rs. 407.60 crore. The attachment is linked to ongoing proceedings regarding alleged violations.
Impact and Future Outlook
Despite the legal developments, the company has officially stated that there is no impact on its business operations. The attachment order is expected to remain in force for a period of up to 365 days, depending on the outcome of the appellate process and further judicial proceedings.
Next Steps
In response to the order, Reliance Power has committed to initiating a formal appeal process to contest the attachment of these assets. The company maintains its position as it navigates the legal requirements associated with the matter.
Source: BSE
