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Reliance Power shares will remain in focus on Thursday after its subsidiary, Sasan Power Ltd, made a bullet payment of $150 million to IIFCL, UK, fulfilling its debt obligation on December 31, 2024 This repayment will strengthen Sasan Power's debt coverage metrics, improve liquidity, and enhance its credit rating, according to a company statement issued on Wednesday. Sasan Power operates the world’s largest integrated coal-based Ultra Mega Power Plant (UMPP) with a capacity of 3,960 MW in Sasan, Madhya Pradesh. The plant features a captive coal mining capacity of 20 million tonnes per annum (MTPA).
It supplies power to 14 distribution companies (DISCOMs) across seven states, including Madhya Pradesh, Uttar Pradesh, Rajasthan, and Haryana, at a highly competitive tariff of Rs 1.54 per unit. This benefits over 40 crore people across these regions.
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com View Program Stock Trading ROC Made Easy: Master Course for ROC Stock Indicator By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Heikin Ashi Trading Tactics: Master the Art of Trading By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Introduction to Technical Analysis & Candlestick Theory By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program 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 shifts its focus to the renewable energy sector, which is expected 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. Also Read: Volatile Times: Don't let profits fool you, track margins, too 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, which includes the 3,960 megawatts Sasan Power. On Wednesday, Reliance Power shares closed at Rs 44.68 on the BSE, marking a 5% gain, while the benchmark Sensex rose 0.
47%. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel ).
