Reliance Power shares in focus after arm Sasan Power repays $150 million debt to IIFCL
Reliance Power shares will remain in focus on Thursday after its subsidiary, Sasan Power Ltd, made a bullet payment of $150 million to IIFCL, UK, fulfilling its debt obligation on December 31, 2024
This repayment will strengthen Sasan Power's debt coverage metrics, improve liquidity, and enhance its credit rating, according to a company statement issued on Wednesday.
Sasan Power operates the world’s largest integrated coal-based Ultra Mega Power Plant (UMPP) with a capacity of 3,960 MW in Sasan, Madhya Pradesh. The plant features a captive coal mining capacity of 20 million tonnes per annum (MTPA).
It supplies power to 14 distribution companies (DISCOMs) across seven states, including Madhya Pradesh, Uttar Pradesh, Rajasthan, and Haryana, at a highly competitive tariff of Rs 1.54 per unit. This benefits over 40 crore people across these regions.
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