Sasan Power Limited, a subsidiary of Reliance Power Limited, has successfully repaid a $150 million loan to the India Infrastructure Finance Company Limited (IIFCL), UK. The payment, completed on December 31, 2024, marks a significant step in bolstering the company’s financial health.
Sasan Power operates the world’s largest integrated coal-based power plant, the 3,960 MW Ultra Mega Power Plant (UMPP) in Sasan, Madhya Pradesh. The plant features a captive coal mining capacity of 20 million tonnes per annum (MTPA) and supplies electricity to 14 distribution companies (DISCOMs) across seven Indian states: Madhya Pradesh, Uttar Pradesh, Rajasthan, Punjab, Haryana, Uttarakhand, and Delhi. With the lowest tariff in India at ₹1.54 per unit, the plant provides affordable electricity to more than 40 crore people.
For seven consecutive years, Sasan Power has been ranked as India’s best-performing power plant, reflecting its operational excellence and efficiency.
The loan repayment will further enhance the company’s debt coverage metrics, improve liquidity, and strengthen its credit rating. It also underscores Reliance Power’s commitment to maintaining a robust financial position as it transitions toward renewable energy.
Reliance Power recently raised ₹1,525 crore through equity-linked warrants via a preferential issue, enhancing its equity base and positioning the company to capitalize on growth opportunities in the renewable energy sector. The company’s net worth currently stands at ₹14,393 crore and is projected to exceed ₹15,000 crore with the recent capital infusion.
Speaking about the development, a spokesperson for Reliance Power highlighted that the company’s shift toward renewable energy aligns with its long-term growth strategy in a rapidly evolving energy market.
