As of 9:52 am, Reliance Power shares were trading 4.98% higher at ₹45.76, following news of a significant debt repayment by its subsidiary, Rosa Power Supply Company Limited. Rosa Power prepaid a loan of ₹485 crore to Singapore-based Varde Partners, achieving a debt-free status. This brings Rosa Power’s total prepayment to ₹1,318 crore, a move that considerably strengthens its balance sheet.
Earlier in September, Rosa Power had also prepaid ₹833 crore to Varde Partners as part of its debt-clearing initiatives. The company operates a 1,200 MW coal-based thermal power plant in Rosa village, near Shahjahanpur, Uttar Pradesh.
Reliance Power’s recent issuance of equity-linked warrants, valued at ₹1,525 crore, is projected to increase the company’s net worth from ₹11,155 crore to over ₹12,680 crore. This enhanced financial standing and debt-free status are in line with Reliance Power’s long-term strategy to expand into the renewable energy sector. With zero bank debt as a listed entity, the company is well-positioned to pursue sustainable energy growth opportunities.
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