RDB Infrastructure & Power Limited, a company listed on the BSE and Calcutta Stock Exchange, has been summoned by the Directorate of Enforcement (ED) in connection with a land acquisition investigation. The company disclosed this development in a regulatory filing, shedding light on a probe under the Prevention of Money Laundering Act, 2002.

ED Summons Details

The summons, dated October 1, 2025, requires the Managing Director of RDB Infrastructure and Power to appear before the ED. The company is expected to provide evidence and produce documents related to the acquisition of a 2.8375-acre land parcel located in Sector-70A, Village Palra, Gurgaon.

Regulatory Compliance

In adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, RDB Infrastructure and Power promptly informed the stock exchanges about this development. The disclosure was made to both BSE Limited and the Calcutta Stock Exchange Limited.

Company's Response

Aman Sisodia, the Company Secretary & Compliance Officer of RDB Infrastructure and Power Limited, signed the regulatory filing. The company stated that this information was being shared for the records of the stock exchanges and their stakeholders.

Implications and Next Steps

While the summons does not imply any wrongdoing, it indicates that the ED is scrutinizing the land acquisition deal as part of its investigation under the Prevention of Money Laundering Act. The outcome of this probe and its potential impact on RDB Infrastructure and Power Limited remain to be seen.

Investors and stakeholders will likely be watching closely for any further developments or disclosures from the company regarding this matter. As the investigation unfolds, it may have implications for the company's operations and reputation in the real estate and infrastructure sectors.

RDB Infrastructure and Power Limited, formerly known as RDB Realty & Infrastructure Limited, will need to cooperate fully with the ED's investigation while managing its ongoing business operations and maintaining transparency with its shareholders.

RDB Infrastructure & Power Limited, a key player in the infrastructure sector, has made a significant move in the renewable energy space. The company recently announced a major solar power project deal, marking its commitment to sustainable energy solutions.

Project Details

RDB Infrastructure has entered into a Memorandum of Understanding (MoU) with Stargen Power Private Limited for the execution of solar power projects. The agreement outlines the following key aspects:

• Project Capacity: 52 MW (AC) / 65 MW (DC)
• Location: Five sites near Nagpur, Maharashtra
• Contract Value: Rs 225.00 crores
• Execution Timeline: One year from the commissioning of all sites, with possible extensions as mutually agreed

Contract Specifics

The Engineering, Procurement, and Construction (EPC) contract is entirely domestic in nature. RDB Infrastructure has confirmed that there are no related party transactions involved, and the promoter group has no interest in Stargen Power Private Limited, the entity awarding the contract.

Strategic Implications

This solar power project represents a significant opportunity for RDB Infrastructure to strengthen its position in the renewable energy sector. The contract's substantial value of Rs 225.00 crores is expected to have a positive impact on the company's financial performance in the coming years.

Regulatory Compliance

In compliance with regulatory requirements, RDB Infrastructure has made the necessary disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both the BSE Limited and The Calcutta Stock Exchange Limited about this development.

Market Outlook

The solar power sector in India continues to grow, driven by the government's push for clean energy and the increasing cost-effectiveness of solar technology. RDB Infrastructure's latest contract aligns with this trend, potentially positioning the company for further growth in the renewable energy market.

As the project unfolds, stakeholders will be keenly watching RDB Infrastructure's execution capabilities and the impact of this significant contract on the company's overall performance in the infrastructure and power sectors.