Reliance Power Ltd (NSE: RPOWER): Anil Ambani’s stake in Reliance Power is flying like an eagle in a down market.
The share of Reliance Power rose 5 percent to 45.64 rupees on Thursday. The share of Reliance Power falls in the upper end of the range for the 2nd day in a row.
The share from Reliance Power closed at Rs 43.47 on Wednesday, a gain of 5 percent. The rise in the share of the company has been brought about by an important update.
Reliance Power Becomes Debt-free
Anil Ambani’s company Reliance Power has announced that its subsidiary Rosa Power Supply has repaid the total due amount, Rs 485 crore Singapore in Singapore to Verde Partners.
The company claims that it made a total prepayment of Rs 1318 crore. In addition, Rosa Power Supply has become a debt-free entity.
This means that the business has now become debt-free. Rosa Power Supply resolved the debt of Rs 833 crores in September.
Rosa Power operates a 1200 MW thermal power station that is powered by coal, located in Uttar Pradesh. Rosa Power obtained an amount of around Rs 1000 crores in the year 2022 from Varde Partners.
Reliance Power Shares Jumped 1373 Percent In 4 Years
The share price of Reliance Power has increased 1373 percent over the last four years. The share of the company was the price of Rs 3.10 at the time of 6 November 2020.
Reliance Power’s share has risen to the price of Rs 45.64 on the 7th of November in 2024. Over the last year, the share of the company has seen an increase of 121 percent.
Reliance Power’s share was Rs 20.70 on 7 November 2023. It surpassed the threshold of Rs 45 on the 7th of November 2024.
This year, the share of Reliance Power has grown by over 90 percent. The 52-week highest level of its share is Rs 54.25.
In the same way, the 52-week low point of the shares of the company is Rs 19.36.
Quick Fact
| Company name | Reliance Power |
|---|---|
| Recent share rise | 5% |
| Share price (Thursday) | ₹45.64 |
| Share price (Wednesday) | ₹43.47 |
| Recent increase (year) | 121% |
| Growth in 4 years | 1373% |
| Share price (6 Nov 2020) | ₹3.10 |
| Share price (7 Nov 2023) | ₹20.70 |
| Share price (7 Nov 2024) | ₹45.64 |
| This year’s growth | Over 90% |
| Subsidiary debt | Cleared |
| Subsidiary name | Rosa Power Supply |
| Subsidiary location | Uttar Pradesh |
| Subsidiary capacity | 1200 MW (coal) |
| Total prepayment | ₹1318 crore |
| Recent debt repayment | ₹485 crore |
| Resolved debt | ₹833 crore |
| Fund received (2022) | ₹1000 crore |
| Possible target price | Not specified |
| Time | Not specified |
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