Anil Ambani-led Reliance Power makes strong comeback after company’s subsidiary Sasan Power repays US$150 million debt to…
GH News January 01, 2025 07:06 PM
Anil Ambani-led Reliance Power Limited’s subsidiary Sasan Power Limited repaid the loan amount of $150 million to IIFCL UK. The company fulfilled its debt obligation on the last date December 31 of 2024.
The repayment of debt will boost the debt coverage metrics and it would improve the credit rating of Sasan Power Limited.
The loan repayment further gives strength to Reliance Power’s balance sheet as the company transitions its focus toward the renewable energy sector which is poised to drive future growth. Reliance Power a zero-debt company recently raised Rs. 1525 crore through equity-linked warrants via a preferential issue. This capital infusion positions the company to capitalize on growth opportunities in the rapidly expanding renewable energy market.
Sasan Power manages a 3960 MW Ultra Mega Power Plant (UMPP) in Sasan Madhya Pradesh which is the world’s largest integrated coal-based power plant. It carries a captive coal mining capacity of 20 MTPA. The plant provides electricity to 14 Discoms distribution companies
(DISCOMs) across seven states—Madhya Pradesh Uttar Pradesh Rajasthan Punjab Haryana Uttarakhand and New Delhi—at the lowest tariff in India of Rs. 1.54 per unit benefiting more than 40 crore people.
Sasan Power has been ranked as the best-performing power plant in India for the last seven consecutive years.