Reliance Power has established a Board of Management, comprising key management personnel, to enhance governance and oversight. In an exchange filing, the company said that the Board of Directors has approved the formation of the new entity.
“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.”, Reliance Power said in a statement.
Furthermore, the company said that the Board of Management will include the Chief Executive Officer, key managerial personnel and the business leaders of the company.
Reliance Power’s renewable energy push
Reliance Power is significantly focusing on the renewable energy sector as its subsidiary company, Reliance NU, emerges as a leading player in the solar energy sector. The company said that it has an awarded capacity of 4 GW of solar power and 6.5 GW of Battery Energy Storage Systems.
Earlier this month, the company received the Letter of Award for 750 MW / 3,000 MWh Firm and Dispatchable Renewable Energy (FDRE) ISTS from SJVN Limited. The company said that it will provide power to DISCOMs from a hybrid configuration comprising nearly 900 MWp of solar generation coupled with over 3,000 MWh of BESS capacity.
The company said that tariff rates for the supply order at fixed at Rs 6.74 per kWh.
Reliance Power Q2 results
Reliance Power reported a net profit of Rs 87.32 crore in Q2FY26, compared to a loss of Rs 352 crore in Q2 FY25. The company’s total income for the quarter increased to Rs 2,067 crore from Rs 1,963 crore in Q2 FY25.
