Reliance Power Limited and its subsidiaries have been named in a supplementary prosecution complaint filed by the Enforcement Directorate (ED) related to a SECI bank guarantee. The company maintains it acted bona-fidely and is a victim of fraud. It emphasizes that allegations have not yet been judicially scrutinized, and the company has the opportunity to present its case in court. Operations remain normal, with commitment to stakeholders.
ED Complaint Regarding Bank Guarantee
Reliance Power Limited, along with its subsidiaries including Reliance NU BESS Limited and Rosa Power Supply Company Limited, is involved in a supplementary prosecution complaint filed by the Enforcement Directorate (ED). The complaint concerns matters related to a SECI bank guarantee.
Company Response and Actions
The company stated that they acted bona-fidely and consider themselves victims of fraud, forgery, cheating, and conspiracy committed by other parties. It is noted that Reliance NU BESS Limited had previously lodged a criminal complaint with the Economic Offence Wing of Delhi Police on October 16, 2024, which led to a First Information Report (FIR) being registered on November 11, 2024.
Legal Position and Impact
Reliance Power emphasizes that the ED’s allegations have not yet been subject to judicial scrutiny. The company asserts its right to present its case in court and believes the filing of the complaint will not affect its operations. The company will take appropriate legal steps to protect the interests of all stakeholders and maintains the innocence of its officials. As of December 6, 2025, Reliance Power continues to operate normally and remains committed to growth and sustainable value for its stakeholders.
Source: BSE