Reliance Power Arm Pays USD 150 Million Debt
By Rediff Money Desk, New Delhi Jan 01, 2025 16:40
Reliance Power's Sasan Power Ltd. has paid USD 150 million to IIFCL, fulfilling its debt obligation. This repayment will improve the company's financial standing and enhance its credit rating. Sasan Power operates a 3,960 MW Ultra Mega Power Plant in Madhya Pradesh.

New Delhi, Jan 1 (PTI) Reliance Power on Wednesday said its arm Sasan Power Ltd has made a bullet payment of USD 150 million to IIFCL, UK, fulfilling its debt obligation on December 31, 2024.
This repayment will bolster Sasan Power's debt coverage metrics, improve liquidity, and enhance its credit rating, a company statement said.
Sasan Power operates a 3,960 MW Ultra Mega Power Plant (UMPP) in Sasan, Madhya Pradesh, which is the world's largest integrated coal-based power plant, it said.
It boasts a captive coal mining capacity of 20 MTPA.
The plant supplies 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.
For seven consecutive years, Sasan Power has been ranked as the best-performing power plant in India.
The loan repayment further strengthens 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 1,525 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.
With a current net worth of Rs 14,393 crore, Reliance Power's enhanced equity base will elevate its net worth to over Rs 15,000 crore.
Reliance Power, part of the Reliance Group, is one of India's leading private sector power generation companies.
The company has an operating portfolio of 5,300 megawatts, that includes 3,960 megawatts Sasan Power.
For the past seven years, Sasan Power has consistently ranked as the best operating power plant in India, it stated.
This repayment will bolster Sasan Power's debt coverage metrics, improve liquidity, and enhance its credit rating, a company statement said.
Sasan Power operates a 3,960 MW Ultra Mega Power Plant (UMPP) in Sasan, Madhya Pradesh, which is the world's largest integrated coal-based power plant, it said.
It boasts a captive coal mining capacity of 20 MTPA.
The plant supplies 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.
For seven consecutive years, Sasan Power has been ranked as the best-performing power plant in India.
The loan repayment further strengthens 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 1,525 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.
With a current net worth of Rs 14,393 crore, Reliance Power's enhanced equity base will elevate its net worth to over Rs 15,000 crore.
Reliance Power, part of the Reliance Group, is one of India's leading private sector power generation companies.
The company has an operating portfolio of 5,300 megawatts, that includes 3,960 megawatts Sasan Power.
For the past seven years, Sasan Power has consistently ranked as the best operating power plant in India, it stated.
Source: PTI
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