Reliance Power board takes step for stronger governance

Mr. Jindal
1 Min Read

Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group.

Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group.
| Photo Credit: PRASHANT WAYDANDE

The board of Reliance Power Ltd of the Anil Ambani-led Reliance Group has approved the constitution of the Board of Management (BOM) comprising of the CEO, Key Managerial Personnel, and senior business leaders of the company for stronger governance, sharper oversight mechanisms and build a more agile and future-ready organisation, the company said in a filing.

“The initiative reflects the company’s commitment to adopting best-in-class governance practices that support long-term value creation for all stakeholders,” it said.

The company also highlighted the emerging growth opportunities within its subsidiary, Reliance NU Energies. It has emerged as the largest player in Solar + BESS (Battery Energy Storage Systems) on a competitive bid basis, with an awarded capacity of up to 4 GW of solar and up to 6.5 GW of BESS, ‘reinforcing its leadership in India’s clean-energy transition,’ it said. 

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