Following the $150 million debt repayment by subsidiary Sasan Power, Reliance Power's shares rises 5%.

In contrast to its previous closing price of ₹42.56 on the BSE, Reliance Power's stock increased by 5% to reach ₹44.68.

Following Sasan Power Limited, a Reliance Power subsidiary, making a large payment of $150 million to IIFCL, UK, to settle its debt obligation on December 31, 2024, the share price of Reliance Power surged by more than 5% on January 1, 2025.

In contrast to its previous closing price of ₹42.56 on the BSE, Reliance Power's stock increased by 5% to reach ₹44.68. The market value of the business increased to ₹17,947 crore. The BSE had a turnover of ₹14.89 crore from the trading of 33.63 lakh shares.

A bullet payment of US$150 million was delivered to IIFCL, UK by Sasan Power Limited (Sasan Power), a subsidiary of Reliance Power Limited (Reliance Power), to satisfy its debt due on December 31, 2024. In an exchange filing, Sasan Power stated that this repayment will strengthen its debt coverage measures, increase liquidity, and boost its credit rating.

It is projected that the deal will raise Sasan Power's credit rating, boost liquidity, and strengthen its debt coverage ratios—all of which will support Reliance Power's balance sheet.

Concerning the business
With a 3,960 MW capacity, Sasan Power operates the largest integrated coal-based power plant in the world at Sasan, Madhya Pradesh. Additionally, it has a 20 MTPA captive coal mining capability.

More than 400 million people are benefited by the plant, which supplies power to 14 distribution companies (DISCOMs) in seven states: Madhya Pradesh, Uttar Pradesh, Rajasthan, Punjab, Haryana, Uttarakhand, and New Delhi, at India's lowest cost of ₹1.54 per unit.

Sasan Power has been India's best-performing power plant for seven consecutive years. As Reliance Power turns its attention to the renewable energy industry, which is anticipated to spur future growth, the loan repayment further solidifies the company's financial position.

Through a preferential sale of equity-linked warrants, Reliance Power recently raised ₹1,525 crore. The company is better equipped to take advantage of growth opportunities in the rapidly expanding renewable energy sector thanks to this finance.