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Reliance Power becomes debt-free company on standalone basis

11 Jun 2024 Evaluate

Reliance Power has become a debt-free company on a standalone basis, successfully clearing all outstanding dues to lenders. The company, which had around Rs 800 crore in debt, has repaid its obligations to banks. Between December 2023 and March 2024, Reliance Power entered into several debt settlement agreements with various banks, including IDBI Bank, ICICI Bank, Axis Bank, and DBS. The entire debt has been repaid. This pivotal development means Reliance Power is now debt-free on a standalone basis.

As part of its financial strategy, in December 2023, Reliance Power sold the development rights for its proposed 1,200 MW hydro-electric project in Arunachal Pradesh to THDC for Rs 128 crore. Further, in March 2024, the company sold its 45 MW wind energy project in Vashpet, Maharashtra to JSW Renewable Energy for Rs 132 crore. The funds from these asset sales were used to clear the debt.

Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally.


Reliance Power Share Price

29.18 0.82 (2.89%)
06-May-2026 16:59 View Price Chart
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