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The year 2024 was great for Anil Ambani. Some of his companies gave amazing returns to investors this year. Especially Reliance Power made its investors rich. Like 2024, now 2025 also seems to be special for Anil Ambani. At the beginning of the year, a news related to him has come, which shows that Anil Ambani is ready for a great comeback.
In fact, Sasan Power Ltd, a subsidiary of Anil Ambani-led Reliance Power Ltd, has repaid one of its big loans on December 31, 2024. Sasan Power has paid US $ 150 million (about Rs 1,284.6 crore) to IIFCL, UK for this loan. This is the reason why today i.e. on January 1, 2025, the shares of Reliance Power hit upper circuit.
Financial condition of the company
Repayment of the loan will improve Sasan Power’s liquidity, loan coverage and credit rating. Apart from this, the balance sheet of Reliance Power has become stronger, due to which the company’s focus has now increased towards renewable energy. This step into renewable energy is right for the future of the company. Let us tell you, before this, Rosa Power, another subsidiary of Reliance Power, had also made an advance payment of Rs 850 crore to the Singapore-based lender i.e. Lenders Verde Partners.
what does sasan power do
Let us tell you, Sasan Power Limited operates 3960 MW capacity Ultra Mega Power Plant (UMPP) located in Sasan, Madhya Pradesh. This plant is the world’s largest integrated coal-based power plant and has a coal mining capacity of 20 MTPA (million tonnes per annum).
This plant provides electricity to 14 DISCOM distribution companies in seven states of India – Madhya Pradesh, Uttar Pradesh, Rajasthan, Punjab, Haryana, Uttarakhand and New Delhi at the lowest tariff of Rs 1.54 per unit. About 40 crore people benefit from this.
Reliance Power is expanding
Reliance Power, one of the largest private sector power generation companies in India, has a current operating portfolio of 5,300 MW. The company has also planned to raise Rs 1,525 crore through preferential issue. Reliance Power will use this capital to take advantage of opportunities in the rapidly growing renewable energy sector. At present, the net worth of Reliance Power has now crossed Rs 15,000 crore, which will strengthen the growth of the company.
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