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RPower Rallies as Arm Repays $150 Million to IIFCL, UK
Financial Express Lucknow
|January 02, 2025
RELIANCE POWER on Wednesday said its arm Sasan Power has made a bullet payment of $150 million to IIFCL, UK, fulfilling its debt obligation on December 31.
This repayment will bolster Sasan Power's debt coverage metrics, improve liquidity, and enhance its credit rating, a company statement said.
Shares of Reliance Power rallied on Wednesday, closing at ₹44.68 on the BSE, a rise of 5%.
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