Anil Ambani's magic continues in 2025!
The year 2024 was great for Anil Ambani. Some of his companies gave amazing returns to investors this year. Especially reliance Power made its investors rich. Like 2024, now 2025 also seems to be special for Anil Ambani. At the beginning of the year, such a news has come related to him, which shows that anil ambani is ready for a great comeback. In fact, Sasan Power Ltd, a subsidiary of Anil Ambani-led reliance Power Ltd, has repaid one of its major debts on december 31, 2024. Sasan Power has paid US $ 150 million (about Rs 1,284.6 crore) to IIFCL, UK for this loan. This is the reason why today i.e. on january 1, 2025, there was an upper circuit in the shares of reliance Power.
Company's financial condition
Repaying the loan will improve Sasan Power's liquidity, loan coverage and credit rating. Apart from this, the balance sheet of reliance Power has become stronger, due to which the company's focus has now increased more towards renewable energy. This step in renewable energy is right for the company's future. Let us tell you, earlier, Rosa Power, another subsidiary of reliance Power, also made an advance payment of Rs 850 crore to Singapore-based lender Verde Partners.
What does Sasan Power do?
Let us tell you, Sasan Power Limited operates a 3960 MW capacity Ultra Mega Power Plant (UMPP) located in Sasan, Madhya Pradesh. This plant is the world's largest integrated coal-based power plant and has a coal mining capacity of 20 MTPA (million tonnes per annum). This plant supplies electricity to 14 DISCOM distribution companies in seven states of india - Madhya Pradesh, Uttar Pradesh, Rajasthan, Punjab, Haryana, uttarakhand and New delhi at the lowest tariff of Rs 1.54 per unit. This benefits about 40 crore people.