Anil Ambani’s Reliance Power’s (NSE: RPOWER) stock has hit a 5% lower circuit on last trading day. The company’s stock closed at Rs 40.26. Today the share fall at 3.38%.
The company’s stock has fallen 14% in the last five days. This year, the stock has fallen 8% in seven trading days so far.
The company is completely debt-free and has seen a 30% rise in a year. LIC also has a large stake in the company’s stock.
LIC has 10,26,59,304 shares of the company. This is equal to a 2.56% stake.
Giving Profit For Five Years
Reliance Power’s stock climbed 1400% in five years. During this period, the stock rose from Rs 2.75 to the current price.
The 52-week highest price for this share of the firm is Rs 54.25 and the lowest price for the 52-week is Rs 19.37. Its market cap is Rs 16,172 crore.
Another Company Became Debt-free
Let us tell you that recently Reliance Power’s unit Sasan Power Ltd. has informed us about repaying a loan of $ 150 million to the UK’s IIFCL in one go.
With this, the company fulfilled its loan commitment of December 31, 2024.
According to the company’s statement, this loan payment will strengthen Sasan Power’s debt repayment capacity, improve liquidity, and enhance its creditworthiness.
Reliance Power, a company of Anil Ambani-led Reliance Group, is a leading private-sector power producer.
Sasan Power is operating a 3,960 MW state-of-the-art power plant in Sasan, Madhya Pradesh. It is the world’s largest integrated coal-based power plant.
Quick Fact
Reliance Power
| Company name | Reliance Power |
|---|---|
| Stock fall | 5% lower circuit |
| 5-day performance | Down 14% |
| 7-day performance | Down 8% |
| 1-year performance | Up 30% |
| Stake by LIC | 2.56% (10,26,59,304 shares) |
| 5-year growth | Up 1400% (From ₹2.75 to current price) |
| Market cap | ₹ 16,172 crore |
| Status | Debt free |
| Sector | Power production |
Sasan Power
| Company name | Sasan Power |
|---|---|
| Loan repayment | $150 million to UK’s IIFCL |
| Loan commitment | Fulfilled before Dec 31, 2024 |
| Impact of payment | Strengthened debt repayment, improved liquidity, enhanced creditworthiness |
| Plant capacity | 3,960 MW |
| Technology | State-of-the-art |
| Location | Sasan, Madhya Pradesh |
| Global status | World’s largest integrated coal-based power plant |
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