Reliance Power Ltd

Reliance Power Ltd operates a fleet of coal-fired power plants, including the 4,000 MW Sasan Ultra Mega Power Project in Madhya Pradesh, one of the largest integrated power generation and coal mining projects in India. The company's primary business is thermal power generation, an activity with documented significant adverse environmental impacts including land degradation, water contamination, and air pollution.

The company's environmental record includes operational incidents linked to its projects. In December 2024, India's top renewable energy agency, the Solar Energy Corporation of India (SECI), withdrew a ban that had prohibited Reliance Power from participating in renewable energy auctions. While the reason for the initial ban was not publicly detailed by SECI, such regulatory actions typically follow findings of non-compliance or contractual breaches, suggesting prior governance failures in its project execution or environmental commitments.

Available public documentation, including Environmental and Social Impact Assessment reports for Reliance Power projects, repeatedly flags the risk of significant adverse environmental impacts from its operations. The company's own Business Responsibility and Sustainability Policy states it should assess environmental damage and bear the cost of pollution abatement, indicating an acknowledgment of the inherent destructive potential of its core business activities.