Anil Ambani is slowly returning to the old days. His derailed car has started moving. That is why his companies are engaged in reducing their debt day by day. On the very first day of the year, another company of Anil Ambani has announced to repay a debt of about Rs 1286 crore. Reliance Power's subsidiary company Sasan Power Limited has paid off the loan of 150 million dollars (1286 crores) of Britain's IIFCL. Repaying the loan of IIFCL will strengthen the balance sheet of parent company Reliance Power and the company will have more cash. The company's focus will now increase on renewable energy in the future.
3,960 MW ultra-mega power plant at Sasan
The recent investment will position the company to take advantage of the growth opportunity in the rapidly growing renewable energy market. Let us tell you that Sasan Power operates a 3,960 MW ultra-mega power plant in Sasan, Madhya Pradesh, it is the world's largest integrated coal-based power plant. Its captive coal mining capacity is 20 MTPA. Through this plant, power is supplied to about 14 distribution companies of MP, UP, Rajasthan, Punjab, Haryana, Uttarakhand and New Delhi at the rate of Rs 1.54 per unit. This is the lowest rate in the country.
Anil Ambani went through the worst phase during Covid
Anil Ambani, who was once in the list of top billionaires of the world, went through his worst phase during the Covid pandemic. His bad times can be gauged from the fact that he even had to mortgage his wife's jewellery to pay off his debt. But even in the midst of all this, he did not lose courage and is now engaged in making a strong comeback. The companies associated with his Reliance Group have rapidly reduced loans in the last one year. Both his sons are also fully supporting him in this journey. From son Jai Anmol Ambani, Jai Anshul Ambani to daughter-in-law Krisha Shah, they are also engaged in taking the family business forward.
Paid off debt of thousands of crores
Anil Ambani's company had a debt of Rs 17,812 crore till June 2024. Which he completely eliminated as soon as the new year started. Now his company has zero debt. Similarly, Reliance Infra has also paid off about 87 percent of its debt. Recently, after Reliance Capital received investment from Nippon, there was news of Reliance Power becoming debt-free. The effect of the rapid reduction in debt of both the companies was that the shares of Reliance Power and Reliance Infra saw a rise. Recently, Anil Ambani also started a new company in the infrastructure sector. Due to these news, the trust of small investors on Anil Ambani is increasing.
Both companies presented excellent results
Reliance Infra and Reliance Power presented excellent results for the second quarter. Consolidated profit of Reliance Infra increased to Rs 4,082.5 crore. Similarly, consolidated profit of Reliance Power stood at Rs 2,878.15 crore. Reliance Infra's new subsidiary company Reliance Jai Properties Private Limited (RJPPL) has been started with the aim of taking big steps in the real estate sector. Anil Ambani is expected to get more strength from the company started in the name of his son. The effect of these news is also being seen on the company's shares.
Sons gave full support in bad times
Both of Anil Ambani's sons Jai Anmol Ambani and Jai Anshul Ambani supported him completely in his bad times. The hard work of both and the trust of investors is bringing results on Ambani's business. On the basis of the capability of his sons, the media has started calling both of them 'Anmol Ratna'. On the basis of hard work, Anmol Ambani, the elder son of Chhota Ambani, has already crossed the net worth of his business by 2000 crores. Sons Jai Anmol Ambani and Jai Anshul Ambani are said to be behind reducing the debt of Ambani's companies and getting new orders. Both the sons are quietly engaged in their work, staying away from the limelight.
Market cap increased due to increasing investor confidence
The confidence of his company is increasing in the market, that is why investors are also giving preference to investment. Due to the rise in the shares of Reliance Power and Reliance Infra, their market cap has also increased. In the trading session closed on Wednesday, the market cap of Reliance Infra has increased to Rs 12,644 crore and that of Reliance Power to Rs 17,947 crore. The total market cap of both the companies has crossed Rs 30000 crore. It is expected that Anil Ambani will make a strong comeback in the list of billionaires released by Forbes in the new year 2025. According to the 2023 report of Times of India, Anil Ambani's net worth is Rs 250 crore.
Anmol Ambani's beginning
Anmol Ambani started his career as an intern with Reliance Mutual Fund at the age of 18. He joined the company in 2014, only after that the company started moving forward at a slow pace. After this He became a board member of Reliance Nippon Asset Management and Reliance Home Finance. But on the other hand, Anil Ambani's debt was constantly increasing. After this, Anmol took charge of the group and refused Japanese company Nippon to increase its stake in Reliance. Due to this decision, the net worth of his business has increased to Rs 2000 crore.
