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Reliance Power’s arm prepays another Rs 485 crore debt to Varde Partners

07 Nov 2024 Evaluate

Reliance Power’s subsidiary -- Rosa Power Supply Company (Rosa Power) has prepaid Rs 485 crore loan to Singapore-based lender Varde Partners. By prepaying this loan, Rosa Power has achieved a zero-debt status, fully settling its outstanding debt by payment of Rs 1,318 crore to Varde ahead of the original schedule. Earlier in September, Rosa Power had prepaid Rs 833 crore to Varde Partners. Rosa Power operates a 1,200 MW coal-based thermal power plant in Rosa village near Shahjahanpur, Uttar Pradesh. 

The strengthening of Rosa Power’s balance sheet, along with a recent Rs 1,525 crore equity linked warrants preferential issue, will support Reliance Power in pursuing business opportunities, in the fast-growing clean green renewable energy sector. This preferential issue will boost the company’s net worth from Rs 11,155 crore to over Rs 12,680 crore. The listed entity has zero bank debt.

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


Reliance Power Share Price

29.25 0.07 (0.24%)
07-May-2026 12:07 View Price Chart
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