Reliance Infrastructure

India’s Enforcement Directorate (ED) has seized multiple bank accounts belonging to Reliance Infrastructure (R-Infra) as part of an ongoing probe into alleged violations of the Foreign Exchange Management Act (FEMA). The action involves a lien placed on funds exceeding Rs. 50 crore, following suspicions that company-linked entities routed money abroad through irregular transactions. While the agency claims funds were channelled via shell companies and questionable subcontracting structures, R-Infra has denied any wrongdoing and stated it is fully cooperating with investigators.

Reliance Infrastructure Ltd (RInfra) reported a notable drop in its consolidated net profit for the second quarter ended September 2025, reflecting margin pressures and lower revenue across key business verticals. Despite the decline, the company remains focused on financial consolidation and future expansion, with its board approving a plan to raise up to USD 600 million through foreign currency convertible bonds (FCCBs).

Reliance Infrastructure Ltd. has secured a significant contract from NHPC Ltd. to develop a solar power project, strengthening its foothold in India’s renewable energy landscape. The project is part of NHPC’s broader push to expand its clean energy portfolio in line with the government’s ambitious renewable energy targets. For Reliance Infra, the win marks a strategic move toward diversifying its energy business beyond conventional power and infrastructure, positioning it to benefit from the accelerating shift toward sustainable energy solutions in India.