Reliance Power shares hit the 5 per cent upper circuit limit at Rs 34.62. The scrip has climbed 17 per cent in six sessions.

VIPL ceases to be a subsidiary of the company, and the company's entire obligations as a guarantor on behalf of VIPL are fully settled.

Reliance Power has secured a 500 MW Battery Energy Storage System (BESS) project through SECI’s competitive auction. Following the announcement, the company's shares surged by 5%, trading at ₹31.32.

Reliance Power has announced the settlement of obligations amounting to Rs 3,872.04 crore concerning the guarantee for lenders VIPL. The company also reported that all disputes with CFM Asset Reconstruction have been resolved,