Reliance Power stock hits 5% upper circuit after subsidiary Sasan Power repays $150 million debt
Trending News
1 week ago

Reliance Power stock hits 5% upper circuit after subsidiary Sasan Power repays $150 million debt

Live Mint  

Reliance Power share price rallied over 5 per cent on January 1, 2025, after Sasan Power Limited, a subsidiary of Reliance Power, made a bullet payment of $150 million to IIFCL, UK, settling its debt obligation on December 31, 2024. “Sasan Power Limited, a subsidiary of Reliance Power Limited, has made a bullet payment of US$150 million to IIFCL, UK, fulfilling its debt obligation on 31 December 2024. This repayment will bolster Sasan Power’s debt coverage metrics, improve liquidity, and enhance its credit rating,” the company said in an exchange filing. The transaction is anticipated to strengthen Sasan Power's debt coverage ratios, increase liquidity, and improve its credit rating, thereby reinforcing the balance sheet of Reliance Power.

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Anil Ambani-owned Reliance Power share price extends rally for third straight session
Trending News
1 week ago

Anil Ambani-owned Reliance Power share price extends rally for third straight session

Live Mint  

Reliance Power share price gained over 2% on Thursday, extending its rally for the third consecutive session. This repayment will bolster Sasan Power’s debt coverage metrics, improve liquidity, and enhance its credit rating, Reliance Power said in a regulatory filing on January 1. “The loan repayment further strengthens Reliance Power’s balance sheet as the company transitions its focus toward the …

Stocks to watch today: Tata Motors, Maruti Suzuki, Reliance Power, NMDC
1 week ago

Stocks to watch today: Tata Motors, Maruti Suzuki, Reliance Power, NMDC

India Today  

stock markets began 2025 on a positive note, with both Sensex and Nifty ending higher on Wednesday. As markets resume trading today, several stocks such as Tata Motors, Maruti Suzuki, Reliance Power, NMDC, Railtel Corporation, etc will be in focus due to various key developments. Maruti Suzuki India India's largest carmaker, Maruti Suzuki, announced a significant 30.3% year-on-year increase in …

Reliance Power share price: Anil Ambani-owned stock in focus on ₹3760 crore term loan from PFC
1 week, 3 days ago

Reliance Power share price: Anil Ambani-owned stock in focus on ₹3760 crore term loan from PFC

Live Mint  

Reliance Power share price: Anil Ambani-owned Reliance Power shares will be in focus when the Indian stock market resumes trading activity on Monday. In its exchange filing on Friday last week, Reliance Power Ltd informed the Indian exchanges that Anil Ambani-owned company's subsidiary, Rosa Power Supply Company Limited, has executed a definitive document for availing of a term loan up …

Stocks to Watch: Vedanta, Grasim, Reliance Power, Shriram Finance, Gland Pharma, and more
4 weeks ago

Stocks to Watch: Vedanta, Grasim, Reliance Power, Shriram Finance, Gland Pharma, and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Reliance Power: Reliance Power, led by Anil Ambani, announced that its subsidiary, Reliance NU Suntech Private Ltd, has secured a 930 MW solar energy project with a Battery Energy Storage System. Shriram Finance: Shriram Finance has completed the sale of its 84.44 percent stake in Shriram …

Anil Ambani-owned Reliance Power share price jumps over 3%. Here’s why
1 month ago

Anil Ambani-owned Reliance Power share price jumps over 3%. Here’s why

Live Mint  

Reliance Power share price rallied over 3% on Monday after the Anil Ambani-owned company announced settling of loan default by its subsidiary Samalkot Power. In another development last week, the Solar Energy Corporation of India withdrew its order barring Reliance Power from renewable energy tenders. However, on December 3, Reliance Power informed that the Solar Energy Corporation of India withdrew …

Anil Ambani’s Reliance Power shares hit 5% lower circuit after SECI notice
2 months ago

Anil Ambani’s Reliance Power shares hit 5% lower circuit after SECI notice

Live Mint  

Reliance Power share price: Shares of Anil Ambani's Reliance Power opened at a 5% lower circuit at ₹41.47 on the BSE on Friday, November 8, following a notice from the Solar Energy Corporation of India Limited. The notice stated that Reliance Power and its subsidiary are barred from participating in SECI tenders for the next three years. SECI has barred …

Reliance Power share: Why is Anil Ambani-owned stock rising post-Budget 2024?
5 months ago

Reliance Power share: Why is Anil Ambani-owned stock rising post-Budget 2024?

Live Mint  

Stocks to buy: Reliance Power shares have been on an uptrend after the presentation of Budget 2024. On 23rd July 2024, Reliance Power share price finished at ₹26.94 per share on the NSE, and since then, it has been hitting a 52-week high regularly. They said the market expected the budget benefit to trickle down into the company's balance sheet …

Why is Anil Ambani-backed Reliance Power share price is skyrocketing — explained
9 months, 2 weeks ago

Why is Anil Ambani-backed Reliance Power share price is skyrocketing — explained

Live Mint  

Reliance Power shares have been in an uptrend for the last one week. After bottoming out at around ₹20 apiece level on 13th March 2024, Reliance Power share price finished at ₹26.30 per share level on Friday last week. They said that Reliance Power share price today has strong support placed at ₹22 apiece level whereas it is facing a …

Anil Ambani-led Reliance Power shares hit 5% upper circuit: What's happening?
9 months, 2 weeks ago

Anil Ambani-led Reliance Power shares hit 5% upper circuit: What's happening?

Hindustan Times  

Shares of Reliance Power rose 5% today and reached day's high of ₹23.83 on the BSE. The reports also claimed that its parent Reliance Infrastructure is working towards settling dues of ₹2,100 crore to JC Flowers Asset Reconstruction Company. Stock market today: Anil Ambani-led Reliance Power's shares hit upper circuit on March 20. Reliance Power financials Reliance Power disclosed earlier …

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