Reliance Power’s Arm, Sasan Power Settles $150 Million Payment to IIFCL, UK

Reliance Power, a leading player in India’s energy sector, continues to strengthen its financial position. In a recent development, its subsidiary, Sasan Power Ltd, successfully repaid a USD 150 million loan to IIFCL, UK, further enhancing its debt coverage and liquidity.

Sasan Power & Its Key Financial Milestone

Sasan Power operates a 3,960 MW coal-based Ultra Mega Power Plant (UMPP) in Madhya Pradesh, supported by a captive coal mining capacity of 20 MTPA. The plant supplies electricity at a tariff of ₹1.54 per unit to 14 distribution companies (DISCOMs) across seven states: Madhya Pradesh, Uttar Pradesh, Rajasthan, Punjab, Haryana, Uttarakhand, and New Delhi. For 7 consecutive years, Sasan Power has been recognised as India’s best-performing power plant.  

The recent loan repayment further solidifies Reliance Power’s balance sheet as the company shifts its strategic focus toward the renewable energy sector, which is set to drive future growth.  

Recent Fundraise

Reliance Power, a zero-debt company has recently secured  ₹1,525 crore through equity-linked warrants by a preferential issue. This capital infusion strategically positions the company to capitalise on the opportunities in the fast-growing renewable energy sector.

Reliance Power Share Performance

As of January 02, 2025, 2:48 PM, the shares of Reliance Power are trading at ₹46.09 per share with a surge of 3.04% from its previous day’s closing price. Over the last month, the stock has seen a surge of 18.57%. The stock has a 52-week high and 52-week low of ₹53.64 per share and ₹19.40 per share respectively. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.