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RPower arm Sasan Power pays $150 mn debt to IIFCL
Hindustan Times Jammu
|January 02, 2025
Reliance Power on Wednesday said its arm Sasan Power Ltd has made a bullet payment of $150 million to IIFCL, UK, fulfilling its debt obligation on December 31, 2024.
NEW DELHI:
This repayment will bolster Sasan Power's debt coverage metrics, improve liquidity, and enhance its credit rating, a company statement said.
Sasan Power operates a 3,960 MW Ultra Mega Power Plant (UMPP) in Sasan, Madhya Pradesh, which is the world's largest integrated coal-based power plant, it said. It boasts a captive coal mining capacity of 20 MTPA.
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