Sasan Power Clears Major Debt

In a significant financial maneuver, Sasan Power, a subsidiary of Reliance Power, has successfully cleared a $150 million debt owed to IIFCL, UK. This strategic repayment is part of Reliance Power's broader effort to enhance its liquidity and credit rating, following a Rs 1,525-crore fundraising through equity-linked warrants.

Strengthening the Balance Sheet

The repayment is expected to significantly strengthen Reliance Power's balance sheet as the company shifts its focus towards renewable energy for future growth. This capital infusion positions the company to seize growth opportunities in the rapidly expanding renewable energy market.

About Sasan Power

Sasan Power operates the world's largest integrated coal-based power plant in Sasan, Madhya Pradesh, with a capacity of 3,960 MW and a captive coal mining capacity of 20 MTPA. The plant supplies electricity to 14 distribution companies across several states at the lowest tariff in India, benefiting over 40 crore people.