Reliance Power board approves formation of Board of Management; check details here

Reliance Power on Wednesday, November 19, said that its board of directors approved the formation of the Board of Management (BOM) to strengthen governance and strategic business oversight.

The BoM will comprise the CEO, key managerial personnel, and senior business leaders of the company, the electric power generation said in a regulatory filing.

“The creation of the Board of Management represents a step in Reliance Power’s pursuit of stronger governance, sharper oversight mechanisms and build a more agile and future-ready organisation,” it stated.

While noting the investments in future growth areas in its subsidiary, Reliance NU Energies, the power firm added that “the initiative reflects the company’s commitment to adopting best-in-class governance practices that support long-term value creation for all stakeholders.”

Reliance Power seeks shareholder approval for issuing FCCBs worth $600 million

In a separate regulatory filing dated November 18, the power generation company issued a post-ballot notice to seek shareholder approval for three resolutions.

These include the issuance of foreign currency convertible bonds (FCCBs), the appointment of Arup Ashok Gupta as a non-executive non-independent director, and the appointment of Zohra Chatterji as an independent director for a period of five consecutive years.

On November 10, the company’s board of directors had approved seeking enabling authorisation from its members for the issuance of FCCB up to $600 million to fund growth.

The issue, if approved, will be an international offering on a private placement basis, “or any other mode or manner as may be decided by the board, subject to requisite permissions, sanctions, and approvals and as per the applicable provisions of statutes.”

Q2 results

The Reliance Group firm reported a consolidated net profit of ₹87.32 crore for the second quarter of FY26, compared to a loss of ₹352 crore it clocked in the year-ago period.

The power company saw a 12.17% annual increase in its revenue from operations to ₹1,974.03 crore during the quarter under review. During the September quarter of FY25, it had logged a revenue of ₹1,759.81 crore.

At an operational level, its EBITDA (earnings before interest, tax, depreciation, and amortisation), also known as operating profit, stood at ₹618 crore in Q2FY26, reflecting a 64% annual increase from ₹376 crore in the year-ago period.

Reliance Power share performance

Shares of Reliance Power closed 0.30% lower at ₹39.94 apiece on the National Stock Exchange (NSE) on Wednesday. However, the announcement was made after the market closed.

The stock declined nearly 5% over the last five days and approximately 10% over the month. It has fallen about 13% in the past six months. On a year-to-date basis, it has slipped about 11%.

While the scrip reached a 52-week high of ₹76.49 on June 11, 2025, it touched a year’s low of ₹31.27 per equity share on March 3, 2025.

Reliance Power has a total market capitalisation of ₹16,518.27 crore, as of November 19, 2025, according to data on the NSE.