Reliance Power Limited — Others, 09-07-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Reliance Power has announced a board meeting to discuss the financial results for the quarter and half-year. Its subsidiary, Reliance NU Suntech, secured a solar power contract with a Performance Bank Guarantee of Rs. 378 Cr. However, Solar Energy Corporation of India (SECI) issued a Show Cause Notice threatening termination of the Power Purchase Agreement, citing non-disclosure related to an affiliate’s past debarment over an alleged forged bank guarantee. The Delhi High Court has stayed any coercive action against Reliance NU Suntech, noting the PPA was executed with SECI’s full knowledge of ongoing court proceedings, and the subsidiary did not withhold material facts. This legal clarity supports operational continuity for the subsidiary’s solar project.