Reliance Power Arm Sasan Power Pays $150 Mn Debt To IIFCL
POWER & RENEWABLE ENERGY

Reliance Power Arm Sasan Power Pays $150 Mn Debt To IIFCL

Reliance Power said its arm Sasan Power Ltd has made a bullet payment of USD 150 million to IIFCL, UK, fulfilling its debt obligation on December 31, 2024. This repayment will bolster Sasan Power's debt coverage metrics, improve liquidity, and enhance its credit rating, a company statement said.

Sasan Power operates a 3,960 MW Ultra Mega Power Plant (UMPP) in Sasan, Madhya Pradesh, which is the world's largest integrated coal-based power plant, it said.

It boasts a captive coal mining capacity of 20 MTPA. The plant supplies electricity to 14 Discoms distribution companies (DISCOMs) across seven states -- Madhya Pradesh, Uttar Pradesh, Rajasthan, Punjab, Haryana, Uttarakhand, and New Delhi -- at the lowest tariff in India of Rs 1.54 per unit, benefiting more than 40 crore people.

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 transitions its focus toward the renewable energy sector, which is poised to drive future growth. Reliance Power, a zero-debt company, recently raised Rs 15.25 billion 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 143.93 billion, Reliance Power's enhanced equity base will elevate its net worth to over Rs 150 billion. 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, that includes 3,960 megawatts Sasan Power. For the past seven years, Sasan Power has consistently ranked as the best operating power plant in India, it stated.
Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

Reliance Power said its arm Sasan Power Ltd has made a bullet payment of USD 150 million to IIFCL, UK, fulfilling its debt obligation on December 31, 2024. This repayment will bolster Sasan Power's debt coverage metrics, improve liquidity, and enhance its credit rating, a company statement said.Sasan Power operates a 3,960 MW Ultra Mega Power Plant (UMPP) in Sasan, Madhya Pradesh, which is the world's largest integrated coal-based power plant, it said.It boasts a captive coal mining capacity of 20 MTPA. The plant supplies electricity to 14 Discoms distribution companies (DISCOMs) across seven states -- Madhya Pradesh, Uttar Pradesh, Rajasthan, Punjab, Haryana, Uttarakhand, and New Delhi -- at the lowest tariff in India of Rs 1.54 per unit, benefiting more than 40 crore people.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 transitions its focus toward the renewable energy sector, which is poised to drive future growth. Reliance Power, a zero-debt company, recently raised Rs 15.25 billion 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 143.93 billion, Reliance Power's enhanced equity base will elevate its net worth to over Rs 150 billion. 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, that includes 3,960 megawatts Sasan Power. For the past seven years, Sasan Power has consistently ranked as the best operating power plant in India, it stated.

Next Story
Infrastructure Transport

Anji Khad Bridge, India's First Cable-Stayed Rail Bridge Ready in J&K

Indian Railways has completed the Anji Khad Bridge, India’s first cable-stayed rail bridge, located in the Reasi district of Jammu and Kashmir. A critical component of the ambitious Udhampur-Srinagar-Baramulla Rail Link (USBRL) Project, this engineering marvel connects Katra and Reasi, promising enhanced regional connectivity and economic growth.Spanning 725.5 metres, the bridge features a 193-metre-tall main pylon, soaring 331 metres above the riverbed. Its design allows it to withstand wind speeds of up to 213 km/h and safely support train operations at speeds of 100 km/h.Constructed in th..

Next Story
Infrastructure Urban

Exporters Raise Logistics Costs Concerns with Piyush Goyal

Exporters and freight agencies have voiced concerns over high terminal handling charges at ports and the underutilisation of dry ports, adding to India’s overall logistics costs. During a meeting with Commerce and Industry Minister Piyush Goyal, they highlighted that the fees charged by shipping terminals for container storage and positioning before loading exceed port charges by Rs 10,000-15,000 per consignment. The discussion focused on logistics and shipping challenges, with the government actively working to reduce costs across the supply chain, according to an official. India is targe..

Next Story
Infrastructure Transport

Government to Revamp UDAN Scheme with Focus on Airport Readiness

The Indian government is set to revamp its regional air connectivity scheme, UDAN (Ude Desh ka Aam Nagrik), by prioritising airport readiness before inviting airlines to bid for operating routes. Financial support for the development of unserved airports and airstrips across the country is expected to be a key focus in the upcoming budget, along with stricter assessments of route feasibility, according to sources. Launched in 2017 to boost air travel in the world’s fastest-growing aviation market, the UDAN scheme caps airfares and provides subsidies to airlines for operating on less frequen..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000