Reliance Power Limited reported its financial performance for the quarter and year ended March 31, 2026. The Board of Directors approved significant strategic initiatives, including the appointment of new leadership and auditors. Additionally, the company is seeking authorization to raise up to ₹6,000 crore through equity-linked instruments and ₹3,000 crore through non-convertible debentures to bolster its financial position and future operations.
Financial Performance Overview
For the quarter ended March 31, 2026, the company recorded consolidated revenue from operations of ₹1,88,726 lakh. The consolidated loss for the same period stood at ₹49,400 lakh. For the full financial year 2025-26, the company reported total consolidated revenue of ₹7,61,971 lakh, with a net loss of ₹33,689 lakh.
Strategic Appointments and Board Decisions
In a move to strengthen corporate governance and oversight, the Board of Directors approved the appointment of Dr. Avinash Gupta as an Additional Independent Director for a five-year term. Furthermore, the firm M/s Kailash Chand Jain & Co. has been appointed as the Statutory Auditor for a period of five consecutive years, starting from the conclusion of the 32nd Annual General Meeting.
Capital Raising Initiatives
To support its long-term growth and capital requirements, the Board has proposed two major fund-raising routes, subject to member approval:
- Equity Issuance: Seeking authorization to raise up to ₹6,000 crore through qualified institutional placements or follow-on public offers.
- Debt Issuance: Authorization to issue secured or unsecured redeemable non-convertible debentures of up to ₹3,000 crore.
Operational Context
The company noted that it continues to manage ongoing challenges related to its subsidiary projects, including Rajasthan Sun Technique Energy Private Limited and Samalkot Power Limited. Management remains committed to resolving outstanding lender obligations through asset monetization and ongoing negotiations, ensuring the company continues to operate on a going concern basis despite prevailing market and regulatory hurdles.
Source: BSE
