Reliance Power Share Price Drops Over 6% After ED Files Chargesheet.

The day began with pressure on Reliance Power shares, and by mid-session, the stock had slipped more than 6%, extending its weak trend of recent months. The decline came after the Enforcement Directorate (ED) filed a chargesheet against Reliance Power and several related entities in a money-laundering case linked to an alleged fake bank guarantee of ₹68 crore.

For an already volatile counter within the Anil Ambani group stocks, the development kept trading activity elevated and sentiment cautious.

Market Performance: Reliance Power Share Price Movement

Reliance Power’s stock has seen sharp swings across time frames.

Here’s how the Reliance Power share price has moved:

• Down 10% in one month
• Down 23% in three months
• Dropped 43% over the last six months
• Down 21% on a YTD basis
• Up 48% over two years
• Up 125% over three years
• Multibagger rise of 846% over five years

Despite the long-term jump, short-term pressure remains visible, especially after the latest ED action on Reliance Power.

Trading volumes were unusually high on the day of decline.

Nearly 4 crore shares changed hands—double the one-week average of 2 crore.

The surge in volume hinted at heightened interest in the reliance power stock price, even as the sentiment stayed muted.

Main News: ED Files Chargesheet in Bank Guarantee Case

The Enforcement Directorate has filed a chargesheet naming Reliance Power Ltd and 10 additional individuals and entities in a case involving an alleged ₹68.2 crore fake bank guarantee that was used to secure a tender from the Solar Energy Corporation of India (SECI).

The chargesheet names several individuals and companies, including:

• Former Reliance Power CFO Ashok Kumar Pal
• Subsidiaries Reliance NU BESS Ltd and Rosa Power Supply Company Ltd
• Reliance Group executive Punit Narendra Garg
• Consultant Amar Nath Dutta
• Additional entities such as Biothane Chemicals Pvt Ltd, Ravinder Pal Singh Chadha, and Manoj Bhaiyasaheb Pongde

This is a supplementary chargesheet. In an earlier filing, the ED had already named the “shell” company Biswal Tradelink Pvt Ltd and its managing director Patha Sarathi Biswal.

The case relates to the period when Reliance NU BESS Ltd—formerly known as Maharashtra Energy Generation Ltd—submitted the bank guarantee as part of its SECI tender process.

Company Details & Official Clarification

Following the development, Reliance Power issued a regulatory filing stating that its subsidiaries and employees acted bona fide.

The company said they were victims of fraud and forgery allegedly carried out by external third parties.

Key points from Reliance Power’s statement:

• Allegations are yet to undergo judicial scrutiny.
• The company emphasises that it has not been found guilty.
• They will get an opportunity to present facts in court.
• The filing does not impact normal business operations.
• Reliance Power says it remains committed to operational stability and value creation for its 4.3 million shareholders.

This clarification aimed to address concerns around Anil Ambani group stocks, as the news added short-term pressure across related counters.

Summary

The decline in the Reliance Power share price came after the ED filed a supplementary chargesheet connected to a ₹68 crore bank guarantee case. With trading volumes rising sharply and the stock falling over 6%, the development kept Reliance Power in focus through the session.

The company has stated that it acted in good faith and considers itself a victim of fraud by third parties.

Meanwhile, Reliance Power’s stock continues to reflect mixed trends—weak in the short term, but with strong multi-year gains.