Reliance Power shares in focus on forming new arm for renewable energy business; appoints CEO, COO

Reliance Power has launched Reliance NU Energies, a renewable energy subsidiary, appointing Mayank Bansal as CEO and Rakesh Swaroop as COO. The new entity will focus on solar, wind, and hybrid energy solutions. Reliance Power's stock, currently valued at nearly ₹18,000 crore, has seen significant growth in recent years.