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Sunday, January 5, 2025

Anil Ambani starts 2025 with a bang, Reliance Power repays Rs 12840000000 loan by… Like 2024, now 2025 also seems to be special for Anil Ambani as news related to him has come on start of the year. Published: January 2, 2025 10:37 AM IST By Anirudha Yerunkar |Edited by Anirudha Yerunkar Follow Us -India.com

 

Anil Ambani’s business resurgence, which began in 2024, shows no signs of slowing down in 2025. His flagship company Reliance Power Limited and its subsidiaries have achieved significant milestones, reinforcing his position in the energy sector.

Reliance Power Financial Strength

Reliance Power’s subsidiary Sasan Power Limited has successfully repaid a substantial loan of $150 million (approximately ₹1,284.6 crore) to IIFCL, UK, as of December 31, 2024. This development sent Reliance Power’s shares soaring, hitting an upper circuit on January 1, 2025.

This repayment is expected to enhance Sasan Power’s liquidity, loan coverage, and credit rating, further solidifying Reliance Power’s balance sheet. The company is now well-positioned to focus on renewable energy, a strategic shift aimed at future growth.

Milestones Of Reliance Power

Reliance Power’s financial position has seen a significant turnaround:

Net Worth: Exceeds Rs 15,000 crore.

Operational Portfolio: 5,300 MW capacity, making it one of India’s largest private sector power producers.

Capital Raising Plans: The company aims to raise ₹1,525 crore through a preferential issue, intending to invest in the rapidly expanding renewable energy sector.

Sasan Power’s Role In India’s Energy Sector

Sasan Power Limited operates the 3,960 MW Ultra Mega Power Plant (UMPP) in Sasan, Madhya Pradesh, which is the largest integrated coal-based power plant in the world. Key highlights of the plant include:

Coal Mining Capacity: 20 million tonnes per annum (MTPA).

Power Distribution: Supplies electricity at the lowest tariff of Rs 1.54 per unit to 14 distribution companies (DISCOMs) across seven states: Madhya Pradesh, Uttar Pradesh, Rajasthan, Punjab, Haryana, Uttarakhand, and Delhi.

Beneficiaries: Nearly 400 million people benefit from its operations.

Strengthening Renewable Energy Portfolio

Reliance Power is making aggressive moves in the renewable energy sector, viewing it as a cornerstone for future growth. This includes leveraging the Rs 1,525 crore capital infusion to expand into solar, wind, and other clean energy projects.

Additionally, the company’s other subsidiary, Rosa Power, previously made an advance payment of Rs 850 crore to Singapore-based lenders Verde Partners, showcasing Reliance Power’s commitment to reducing debt and improving financial stability.

Promising Comeback for Anil Ambani

The year 2024 marked a stellar performance for Reliance Power, with its shares delivering exceptional returns to investors. As the company continues its debt reduction efforts and strengthens its focus on renewable energy, 2025 looks equally promising. With a robust operational portfolio, improved financial metrics, and a clear growth strategy, Anil Ambani appears poised for a remarkable comeback in the Indian energy sector.



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