Anil Ambani firm’s unit Sasan Power repays $150 mn debt to IIFCL, UK 

Sasan Power Ltd., a subsidiary of Reliance Power Ltd., said it has made a bullet payment of $150 million to IIFCL, U.K., 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,” Reliance Power said in a filing with exchanges.

Sasan Power operates a 3960 MW Ultra Mega Power Plant (UMPP) in Sasan, Madhya Pradesh and has a captive coal mining capacity of 20 MTPA.

The plant supplies electricity to 14 distribution companies (DISCOMs) in Madhya Pradesh, Uttar Pradesh, Rajasthan, Punjab, Haryana, Uttarakhand, and New Delhi—at a tariff of ₹1.54 per unit.

“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,” the company said.

Reliance Power recently raised ₹1,525 crore through equity-linked warrants via a preferential issue.

“This capital infusion positions the company to capitalise on growth opportunities in the rapidly expanding renewable energy market.

With a current net worth of ₹14,393 crore, Reliance Power’s enhanced equity base will elevate its net worth to over ₹15,000 crore,” it added.