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Reliance Power defaults on payment of principal, interest

01 Sep 2020 Evaluate

Reliance Power has defaulted on payment of principal and interest totaling to Rs 300.22 crore. The default was on loans taken from Axis Bank, Yes Bank, IDBI Bank, and Lakshmi Vilas Bank.

Reliance Power, a part of the Reliance Group, is India’s leading private sector power generation and coal resources company. The company has the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy.

Peers
Company Name CMP
NTPC 317.00
Tata Power 345.00
Adani Power 196.60
Power Grid Corpn. 253.40
Adani Energy Solut. 1320.00
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