Reliance Power files FY26 BRSR with reasonable assurance on core metrics
Reliance Power Limited filed its FY25-26 BRSR, featuring reasonable assurance from M/s. Shailesh Haribhakti & Associates on core ESG metrics. The report covers consolidated operations, including 1,278 employees and 6,321 workers, and highlights environmental achievements such as PAT scheme compliance and Zero Liquid Discharge implementation. No CSR spending was required due to lack of average net profit.
*this image is generated using AI for illustrative purposes only.
Reliance Power submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 to the Bombay Stock Exchange and the National Stock Exchange of India Limited on July 23, 2026. The filing, mandated under Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details the company’s environmental, social, and governance (ESG) performance. A key feature of this year’s report is the inclusion of a reasonable assurance engagement conducted by an independent external agency, enhancing the credibility of the disclosed sustainability metrics for investors and stakeholders.
The assurance was provided by M/s. Shailesh Haribhakti & Associates, who verified the BRSR Core disclosures against the criteria specified in the SEBI circulars. The scope of the assurance covered essential indicators across nine principles, including energy consumption, water usage, greenhouse gas emissions, and waste management. The reporting boundary for the BRSR is on a consolidated basis, encompassing Reliance Power Limited and its subsidiaries. The company confirmed that its policies cover all nine principles of the National Guidelines on Responsible Business Conduct (NGRBC) and have been approved by the Board.
Operational and Workforce Overview
Reliance Power operates primarily in electric power generation and captive coal mining, which account for 100% of its turnover. The company maintains 15 locations nationwide, comprising 5 plants and 10 offices, serving markets in 13 states. As of March 31, 2026, the consolidated workforce consisted of 1,278 permanent employees and 6,321 other-than-permanent workers.
| Category | Male | Female | Total |
|---|---|---|---|
| Permanent Employees | 1,251 | 27 | 1,278 |
| Other Than Permanent Workers | 6,286 | 35 | 6,321 |
Women constitute 16.67% of the Board of Directors and 50% of Key Management Personnel. The company reported a 100% return-to-work rate for permanent employees who took parental leave. Training programs covered 100% of the Board and Key Managerial Personnel, while 96.73% of employees other than the Board and KMPs were covered by awareness programs during the financial year.
Environmental Compliance and Initiatives
The company identified environmental emissions and waste disposal as a material risk, noting that thermal power generation entails emissions such as SOx, NOx, and CO2. Reliance Power stated it operates within approved emission parameters. Under the Perform, Achieve & Trade (PAT) scheme, Rosa Power Supply Company Limited was issued 37,438 Energy Saving Certificates (ESCerts) under PAT Cycle-3 and achieved all targets under PAT Cycle-7. Sasan Power Limited completed PAT Cycle-4 and earned 6,718 ESCerts.
Water management remains a critical focus, with the implementation of Zero Liquid Discharge (ZLD) mechanisms at key sites. At the Sasan Power Plant, wastewater is treated in an Effluent Treatment Plant (ETP) with a capacity of 150 m³/hr, and treated water is reused for ash quenching and dust suppression. Additionally, multiple Sewage Treatment Plants (STPs) handle sewage, with treated water used for gardening. The company also highlighted afforestation efforts at Sasan Mines, where 134,270 saplings were planted over 19.21 hectares during FY 2025-26.
Governance and Stakeholder Engagement
The Corporate Social Responsibility and Sustainability Committee of the Board oversees the implementation of business responsibility policies. Ashok Ramaswamy serves as the Chairman of this committee. The company reported no fines, penalties, or imprisonment proceedings against the entity or its directors/KMPs during the financial year. It also confirmed zero instances of data breaches involving personally identifiable information.
Reliance Power engaged with various stakeholder groups, including shareholders, lenders, customers, and local communities. For communities identified as vulnerable, particularly those affected by project operations, the company established Public Information Centres and grievance redressal mechanisms. In Madhya Pradesh, rehabilitation and resettlement (R&R) processes are ongoing for 1,176 affected families in Singrauli district, with 86.02% coverage achieved. The company paid ₹7,28,000 to project-affected families in FY 2025-26. Despite CSR applicability under Section 135 of the Companies Act, 2013, no amount was required to be spent due to the absence of average net profit over the previous three financial years.
Historical Stock Returns for Reliance Power
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.02% | -3.66% | -11.48% | -21.79% | -61.80% | +89.03% |
How might the independent reasonable assurance of ESG metrics influence Reliance Power's cost of capital and access to green financing in upcoming fiscal years?
Given the absence of CSR spending due to lack of net profit, what specific operational efficiency or revenue diversification strategies is Reliance Power implementing to achieve profitability and trigger mandatory CSR compliance?
What are the projected timelines and financial implications for completing the remaining 14% of rehabilitation and resettlement for affected families in Singrauli, and how could delays impact project expansion plans?
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