Reliance Power has reportedly defaulted on repayments to Axis Bank, Yes Bank and Lakshmi Vilas Bank (LVB) due on January 31, 2020. As per regulatory disclosures, the company has defaulted on repaying Rs 78 lakh to Axis Bank, Rs 1.09 crore to Yes Bank and Rs 1.25 crore to LVB. The firm had taken a loan of Rs 75 crore from Axis Bank, Rs 63 crore from Yes Bank and Rs 20 crore from LVB. Total borrowings from financial institutions stood at Rs 1,350 crore as on March 3, 2021.
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.
Company Name | CMP |
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NTPC | 348.95 |
Tata Power | 427.65 |
Power Grid Corp | 278.80 |
Adani Power | 585.35 |
Torrent Power | 1505.95 |
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