Anil Ambani’s business has seen many highs and lows over the years. Once on the verge of financial collapse he has now made a strong comeback after two of his key companies Reliance Infrastructure and Reliance Power played a major role in this turnaround. Thanks to smart strategies and solid performance from both companies there are now early signs of a potential recovery. Both stocks have shown strong growth over the past year. Reliance Power has surged by 173 per cent while Reliance Infrastructure has gone up by 141 per cent. Major boost to Reliance Infrastructure Reliance Infrastructure has recently received a major boost after a key legal relief came when the National Company Law Appellate Tribunal (NCLAT) suspended an earlier insolvency order issued by the NCLT against the company. This decision has removed a significant roadblock in its path. The company’s stock saw a sharp rise not just because of the legal win but also due to major developments in the defence sector. Anil Ambani-led Reliance Infrastructure has become the first private Indian firm to independently manage a full-scale aircraft advancement program worth Rs. 5000 crore scheduled over the next 7 to 10 years. This marks a big leap into the high-value defence and aerospace space and signals strong long-term revenue potential for the company. Reliance Power Reliance Power has also made significant strides in recent weeks. Over the past month alone its stock has surged by more than 63 per cent climbing back to levels last seen in 2018. One of the key drivers behind this rally is a landmark deal signed by its subsidiary Reliance New Energy Suntech. The company recently entered into a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI). The agreement covers a massive 930 MW solar power project integrated with a 465 MW / 1860 MWh Battery Energy Storage System (BESS) the largest of its kind in Asia. The total investment for the project is estimated at Rs. 10000 crore over the next two years. In another major relief the Delhi High Court stayed a three-year ban imposed by SECI on RPower and its subsidiaries allowing them to continue participating in government tenders. Additionally in May 2025 Reliance Power raised Rs. 348.15 crore through a preferential share placement. This move has helped strengthen its balance sheet and boosted investor confidence in the company’s future. From billionaire to bankrupt and now a comeback Anil Ambani once counted among the richest people in the world saw his fortunes take a steep downturn over the past decade. Mounting debt legal troubles and a collapsing business empire brought him to a very low point. In fact back in 2020 he famously told a UK court that his net worth was “zero.” But recent developments show a different story that is beginning to unfold. The strong performance of Reliance Infrastructure and Reliance Power fueled by court victories government contracts a pivot toward green energy and ambitions in the aerospace sector point to a carefully crafted recovery strategy. While it may be too early to call it a full-blown turnaround the market is certainly taking notice. For Anil Ambani this could mark the first real step back into the game he once dominated.