Reliance Power and its sister company Reliance Infrastructure continue to grab headlines for all the right and wrong reasons. As investors navigate volatility and regulatory scrutiny, the latest developments surrounding promoter Anil Ambani paint a picture of resilience amid controversy. On November 17, 2025, Reliance Power shares closed lower, reflecting broader market jitters, while Reliance Infra bucked the trend with modest gains.
But beyond the numbers, a storm brews: Anil Ambani’s bold refusal to appear physically before the Enforcement Directorate (ED), escalating defamation lawsuits, and a fresh Public Interest Litigation (PIL) in the Supreme Court over alleged bank frauds.
This comprehensive analysis dives deep into these events, offering insights for savvy investors eyeing Reliance Power share price trends, ED investigations, and the path forward for the Ambani-led empire. Whether you’re a long-term holder or a day trader, understanding these layers could shape your next move in this high-stakes saga.
Reliance Power Share Price Analysis: Navigating Recent Declines and Long-Term Potential
Reliance Power, a key player in India’s power generation sector, has long been synonymous with dramatic swings that test investor patience. On this crisp November day in 2025, the stock settled at ₹40.85, marking a 1.16% drop from the previous session. This dip isn’t isolated; it echoes a pattern of sharp corrections following brief rallies. Just months ago, the share price surged to ₹76, igniting hopes of a sustained uptrend. Yet, as quickly as it climbed, it tumbled back, leaving many wondering if the bottom is in sight.
To grasp the full story, consider the historical rollercoaster. Launched with an IPO price hovering above ₹400 in 2008, Reliance Power promised explosive growth in a burgeoning energy market. Fast-forward to the COVID-19 crisis, and the stock cratered to around ₹2—a gut-wrenching 99% wipeout from its peak.
Long-term investors who held through the chaos have reaped rewards, with multiples turning that ₹2 into over 20 times the value today. But for newcomers, the journey feels like chasing shadows. Analysts point to macroeconomic headwinds, including rising fuel costs and regulatory delays in renewable projects, as culprits behind the current softness.
What drives this volatility? Reliance Power’s portfolio spans thermal, solar, and hydro assets, positioning it well for India’s green energy push under the National Solar Mission. Recent quarters show operational efficiencies, with capacity utilization climbing 15% year-over-year. Yet, debt burdens—pegged at over ₹10,000 crore—loom large, fueling concerns about balance sheet health.
Market watchers speculate that a successful refinancing or asset monetization could catapult the stock toward ₹60 in the next quarter. For now, technical indicators like the Relative Strength Index (RSI) at 45 suggest oversold conditions, hinting at a potential rebound. Investors searching for “Reliance Power latest news” should monitor quarterly earnings due next month; a beat on EBITDA could spark the next leg up.
In active trading terms, the stock’s beta of 1.8 underscores its sensitivity to Nifty movements. Day traders might eye support at ₹38 and resistance at ₹45, with volume spikes often preceding breakouts. As India accelerates toward 500 GW renewable capacity by 2030, Reliance Power’s pivot to solar—evident in its 1 GW pipeline—positions it as a dark horse. But patience remains key; this isn’t a sprint but a marathon in the power sector’s transformation.
Anil Ambani ED Summons Drama: Defiance Under FEMA and Implications for Reliance Group
At the heart of the Reliance Power buzz lies Anil Dhirubhai Ambani, the charismatic yet embattled chairman of the Reliance Group. In a move that underscores his unyielding stance, Ambani has outright rejected the Enforcement Directorate’s second summons issued on November 17, 2025. The ED, probing alleged violations under the Foreign Exchange Management Act (FEMA), demanded his physical appearance to address foreign exchange irregularities tied to group entities. Ambani countered with a firm no, proposing a virtual meeting instead—a digital olive branch in an increasingly analog legal battle.
This isn’t the first clash. The initial notice arrived on November 14, where the ED allowed flexibility: virtual testimony or even recorded statements. Ambani’s team dismissed it, citing logistical constraints and a preference for remote engagement. Now, with the second summons ignored, whispers of a third loom large. ED officials remain tight-lipped, but sources suggest escalation could involve arrest warrants or asset freezes, amplifying risks for Reliance Power and Infra shareholders.
Why the heat? The probe traces back to a 2010 highway project under Reliance Infra—the Jaipur Ring Road venture, now controlled by the National Highways Authority of India (NHAI). ED alleges illegal transactions worth ₹40 crore via hawala routes, funneled through a Surat-based shell company to Dubai. Over ₹600 crore reportedly moved offshore, breaching FEMA norms. Reliance Infra counters that Ambani severed ties in 2022, serving only as a non-executive director since 2007. “Decisions were management-driven; the chairman had no direct hand,” a company spokesperson asserted, emphasizing the 15-year-old case’s irrelevance to current operations.
For investors, this FEMA scrutiny spells caution. ED’s track record in high-profile cases—like the Vijay Mallya saga—shows it doesn’t shy from aggressive tactics. A recent attachment of ₹7,500 crore in group assets signals the stakes. Yet, Ambani’s defiance isn’t recklessness; it’s strategic. By insisting on virtual modes, he buys time, potentially challenging the summons’ legality in court. Legal eagles predict a Delhi High Court showdown, where precedents favor flexibility in enforcement proceedings.
Broader implications ripple through the Reliance ecosystem. Stock dips often follow ED headlines, as seen with a 2% intraday slide in Reliance Power today. But history favors the bold: Past probes have led to settlements, not shutdowns. As “Anil Ambani ED case updates” dominate searches, savvy investors view this as noise over signal—focusing instead on operational wins like Reliance Power’s recent ₹1,000 crore order book addition in gas-based projects.
Reliance Infrastructure Stock Surge: Positive Close Amid Group-Wide Challenges
While Reliance Power grapples with downside pressure, its infrastructure sibling shines brighter. Reliance Infra closed at ₹188.90 on November 17, 2025, up 1.57%—a welcome breather in a narrative dominated by gloom. This gain defies the group’s broader woes, hinting at sector-specific tailwinds in urban development and defense EPC (Engineering, Procurement, and Construction).
Once a blue-chip darling trading near ₹2,000, Reliance Infra too tasted COVID lows at ₹10. That phoenix-like rise to nearly 19 times its nadir showcases the Ambani magic when execution aligns. Today’s uptick ties to buzz around its ₹5,000 crore Mumbai Metro expansion bid, where the company leads as a frontrunner. With India’s infra spend hitting ₹11 lakh crore in FY26, Reliance Infra’s EPC arm—handling everything from roads to railways—stands poised for bounty.
But let’s not sugarcoat: Debt at ₹8,000 crore and past defaults scar its ledger. Investors burned in the 2018-20 rout, when shares halved, now demand proof of turnaround. Q2 FY26 results dazzle, though—net profit soared 300% to ₹1,200 crore, driven by asset sales and cost cuts. Management’s aggressive deleveraging, including a ₹2,000 crore Qatar stake divestment, signals commitment.
For “Reliance Infra share price forecast” seekers, charts paint optimism. A golden cross on the 50-day moving average over the 200-day signals bullish momentum. Targets? Analysts peg ₹220 short-term, with ₹300 by mid-2026 if infra tenders convert. Risks persist—ED shadows could cap gains—but diversification into renewables (a 500 MW solar JV announced last week) buffers blows.
In essence, Reliance Infra embodies the group’s duality: battered yet buoyant. As urban India booms, this stock could outpace its power counterpart, rewarding those who bet on execution over headlines.
Defamation Lawsuit Escalates: Anil Ambani Sues Cobra Post Over ₹41,000 Crore Fraud Claims
Anil Ambani doesn’t back down from a fight, and his latest salvo targets media watchdogs Cobra Post and Economic Times. On November 17, 2025, the Delhi High Court issued summons to these outlets in a defamation suit filed by Ambani over explosive reports alleging a ₹41,000 crore fraud. The claims, splashed across headlines, accused the Reliance chief of siphoning funds through layered transactions—a narrative Ambani deems “malicious fiction” designed to tarnish his legacy.
The suit demands damages, retractions, and an injunction against further coverage. Ambani’s legal team argues the stories lack substantiation, relying on anonymous sources and cherry-picked data. “These allegations poison public perception, harming investor confidence in legitimate businesses,” they contend in filings. Cobra Post, known for sting operations exposing corporate malfeasance, stands firm, vowing to defend journalistic integrity.
Court proceedings unfolded dramatically. Justice Rekha Palli, presiding, denied interim relief to Ambani, citing “genuine doubts” in the matter. “We see complexities here; no clean slate emerges at this stage,” she remarked, scheduling the next hearing for December 5, 2025. Respondents must now file replies, setting the stage for discovery where emails, documents, and witness testimonies could unravel the truth.
This clash highlights media’s double-edged sword in corporate India. For Reliance Power investors, the suit’s optics matter: A win could quash fraud stigma, boosting sentiment; a loss might validate probes, eroding trust. Searches for “Anil Ambani defamation case” spike post-hearing, underscoring public fascination. Historically, such battles—like Tata’s against journalists—end in settlements, preserving reputations without full trials.
Ambani’s strategy? Counter-narrative building. Group releases emphasize transparency, spotlighting audited financials and CSR initiatives. As the December date nears, expect more filings—perhaps expert affidavits debunking the ₹41,000 crore figure as inflated extrapolations from unrelated deals.
Supreme Court PIL on Reliance Communications Fraud: Call for Independent Monitoring
The plot thickens with a Supreme Court PIL demanding oversight of the ₹20,000 crore Reliance Communications (RCom) bank fraud saga. Filed by activist ESS Sharma, the petition accuses lenders like State Bank of India (SBI) of complicity in fudged financials that sank ₹20,000 crore in loans. Sharma urges Chief Justice BR Gavai to appoint an independent monitoring committee, arguing ED’s probe covers only money laundering—leaving systemic failures unaddressed.
The apex court, in a landmark nod, agreed to urgent listing on November 17, 2025. “Bank fraud of this scale warrants judicial scrutiny to prevent recurrence,” CJI Gavai noted, flagging institutional lapses in due diligence. RCom’s 2019 bankruptcy, triggered by unpaid dues, wiped out billions for public sector banks, fueling taxpayer ire.
Petition highlights include forged statements inflating asset values and insider loans disguised as vendor payments. “ED scratches the surface; only Supreme Court monitoring ensures holistic justice,” Sharma’s counsel pleaded. Respondents—ED, RBI, and banks—face tough questions on why red flags, like RCom’s 300% debt-to-equity ratio in 2018, went ignored.
For the Reliance fold, this PIL amplifies pressure. Though RCom operates separately, shared promoter Anil Ambani draws fire. Reliance Power shares dipped 0.5% on PIL news, as arbitrageurs unwound positions. Yet, proponents argue closure could heal wounds: Full disclosure might unlock stalled assets, aiding debt resolution.
Outlook? Precedents like the 2G scam favor monitored probes, potentially wrapping in 18-24 months. Investors tracking “Reliance fraud case Supreme Court” should watch for amicus curiae appointments—neutral experts who could sway outcomes. In India’s maturing financial ecosystem, this case could redefine accountability, benefiting clean players like evolving Reliance entities.
Broader Reliance Group Challenges: Debt Restructuring and Operational Wins
Zooming out, the Reliance Group’s travails stem from a perfect storm: Over-leveraged expansions in the 2000s met 2010s slowdowns. Anil Ambani’s vision—telecom via RCom, power via Reliance Power—ambitiously scaled but buckled under ₹1.5 lakh crore debt peaks. Today, post haircut resolutions, the load slims to ₹50,000 crore, with aggressive refinancing via bonds and PE infusions.
Operationally, sparks fly. Reliance Power’s Q2 FY26 EBITDA jumped 25% to ₹800 crore, propelled by higher PLF (Plant Load Factor) at 75%. A landmark 2×5 GW thermal PPA with NTPC secures revenues through 2035. Reliance Infra, meanwhile, clinched a ₹3,000 crore defense contract for drone manufacturing, tapping Atmanirbhar Bharat’s defense corridor.
Regulatory hurdles persist. SEBI’s ongoing Adani parallels remind of promoter liabilities, but Reliance’s compliance—timely disclosures, board overhauls—sets it apart. As “Reliance Group debt update” trends, Fitch upgraded ratings to BB- on deleveraging progress, signaling investor thaw.
Investor Strategies: How to Play Reliance Power Amid Uncertainty
Navigating this turbulence demands nuance. Diversify: Allocate 5-10% to Reliance Power for growth beta, hedging with Nifty ETFs. Long-term? Buy dips below ₹40, targeting ₹80 by FY27 on renewable ramps. Short-term traders: Use options straddles around ED announcements for volatility pops.
Risk management is paramount. Set stops at 10% below entry; monitor ED filings via MCA portal. Fundamentalists, pore over annual reports—Reliance Power’s EPC order book at ₹15,000 crore screams undervaluation at 0.5x book value.
Ethical lens: Amid fraud shadows, ESG funds increasingly shun Reliance, but turnaround tales like Bharti Airtel inspire. Consult advisors; DYOR (Do Your Own Research) isn’t optional.
Future Outlook: Will Reliance Power Reclaim Glory in India’s Energy Boom?
As 2025 unfolds, optimism tempers caution. India’s power demand surges 8% annually, with Reliance Power’s 5.7 GW capacity capturing slices. Policy tailwinds—PLI schemes for solar modules—align perfectly. If ED dust settles via settlements (as in 80% of cases), shares could double in 12 months.
Anil Ambani’s playbook? Philanthropy via Reliance Foundation, mentoring startups—rebranding as statesman over tycoon. Group synergies, like Infra powering Power’s grids, amplify edges.
In sum, Reliance Power isn’t down for the count. Volatility breeds opportunity; for those decoding “Reliance Power latest news 2025,” this moment screams entry. The Ambani saga—defiance, drama, determination—mirrors India’s entrepreneurial spirit. Stake your claim wisely; the rebound awaits.