Anil Ambani, once a prominent and much talked about corporate had all but faded from public memory. But now, the Founder Chairman of Anil Ambani Group of companies is making headlines again. The man who fell from being the 6th richest person in the world with a net worth of $42 billion, as per the global rich list of Forbes, to zero net worth in February 2022 — currently has a net worth of approximately $530 million in 2025.
The companies and investments that led to the downfall, staging a silent but forceful comeback- Reliance Power and Reliance Infrastructure — have been the cynosure of investor attention. The net worth and annual turnover of the Anil Ambani Group currently amount to Rs 33,000 crore each, while the market capitalization exceeds Rs 45,000 crore, with a shareholder base of over 4 million.
In FY25, key companies in the Anil Ambani Group returned to profitability. Here is a look atsome of the key businesses making news-
Reliance Power returns to profitability
Reliance Power reported a net profit of ₹125.6 crore for the fourth quarter of FY25 after posting a net loss of ₹397.6 crore in the corresponding quarter previous fiscal. At the operating level, EBITDA jumped 1,109 per cent to Rs 589.8 crore in the fourth quarter of FY25 over Rs 48.8 crore in the corresponding period in the previous fiscal. EBITDA margin stood at 29.8 per cent in FY25 as compared to 2.4 per cent in the corresponding period in the previous fiscal.
This strong performance also helped the share market performance of the company. The share price of Reliance Power surged over 100% in a year. As of June 2025, Reliance Power has a market capitalization of approximately Rs 27,730 crore, with its share price hovering around Rs 67/share.
Reliance Power wins major solar projects in India and Bhutan
Ambani’s vision rests on clean energy and defence scaling. He has expressed confidence in defence becoming a flagship business for Reliance Infrastructure, aiming to be among India’s top three ammunition exporters by FY27 with ₹3,000 crore in export revenues. Meanwhile, the clean energy push — including major solar and hydro projects — underscores his long-term strategy.
Reliance Power: A look at some key projects
1. Reliance Power’s subsidiary secured a 350 MW solar order on May 28, 2025, from SJVN, and is building a 500 MW solar plant in Bhutan, marking the country’s largest such project.
2. Also in May, Reliance Power signed a ₹2,000 crore 50:50 joint venture with Bhutan’s Druk Holding & Investments to develop a 500 MW solar plant. This was Bhutan’s largest private-sector FDI in the solar sector — under a Build‑Own‑Operate model with a long-term power purchase agreement.
Reliance Infra posts Rs 125.6 crore profit
Reliance Infrastructure is another star performer of the Anil Ambani group of stocks. It operates across a diverse range of sectors including power generation, transmission, distribution, metro rail, roads, airports, defence, and cement.
The company reported consolidated profit at Rs 4,387 crore in Q4FY25 in comparison to a loss of Rs 3,298 crore recorded during the third quarter of FY25.
Its adjusted EBITDA skyrocketed by around 681 per cent to Rs 8,876 crore as against Rs 1,136 crore during the previous quarter of the same fiscal year.
Reliance Infrastructure’s share price also saw a surge. As of June 2025, its shares have surged 80 per cent in the last year.
Reliance Infra ends debt burden
The Anil Ambani-led conglomerate successfully reduced its standalone net debt to zero as of March 31, 2025. The company repaid loans amounting to approximately ₹3,300 crore to banks and financial institutions during the financial year 2024–25.
Meanwhile, Reliance Power’s debt-to-equity ratio also improved significantly, leading it to raise fresh capital via preferential allotment.
Anil Ambani group stocks also benefited from a legal reprieve (NCLAT stay on IBC proceedings), strategic defence contracts, and improved financials.
Reliance Infra targets ₹10,000 crore from Ministry of Defence orders
The company is now poised to start manufacturing, with ten local suppliers onboard, and is targeting ₹10,000 crore worth of orders from India’s Ministry of Defence and an additional ₹10,000 crore in exports over the next decade.
Reliance Infra: A look at key recent projects
Some of the recent projects bagged by the company includes-
1.Reliance Infrastructure has signed agreements with Germany’s Diehl Defence to produce precision munitions under the “Make in India” initiative. They are targeting ₹10,000 crore in defence revenue after this partnership. It also entered a joint venture with Rheinmetall AG to manufacture ammunition and explosives.
2.Reliance Infrastructure became the first private Indian firm to design and develop next‑generation 155 mm artillery shells, completing four fully indigenous variants under a DRDO ARDE Design‑cum‑Production Partner (DcPP) programme.
NCLAT stays insolvency order, claims full payment to solar supplier
On June 4, 2025, the National Company Law Appellate Tribunal (NCLAT) suspended the earlier insolvency order issued by the National Company Law Tribunal (NCLT) Mumbai bench, which had admitted Reliance Infrastructure into the Corporate Insolvency Resolution Process (CIRP) on May 30, 2025.
The petition was filed by IDBI Trusteeship Services on behalf of Dhursar Solar Power Pvt Ltd, claiming a default of ₹88.68 crore plus interest against Reliance Infrastructure for unpaid solar-power invoices from 2017–18.
NCLAT’s decision to stay came as Reliance Infrastructure argued that it had already paid the full amount of ₹92.68 crore to Dhursar Solar Power (DSPPL), making the insolvency proceedings infructuous and seeking their withdrawal.
The next hearing is scheduled for July 18, 2025, when the NCLAT will further examine the merits of the appeal.