Sasan Power Limited, a subsidiary of Anil Ambani-backed Reliance Power Limited, has made a bullet payment of $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,” said a press statement.

Sasan Power operates a 3,960 MW Ultra Mega Power Plant (UMPP) in Sasan, Madhya Pradesh, the world’s largest integrated coal-based power plant. It boasts a captive coal mining capacity of 20 MTPA. The plant supplies electricity to 14 Discoms distribution companies (DISCOMs) across seven states—Madhya Pradesh, Uttar Pradesh, Rajasthan, Punjab, Haryana, Uttarakhand, and New Delhi—at the lowest tariff in India of ₹1.54 per unit, benefiting more than 40 crore people.

“The loan repayment further strengthens Reliance Power’s balance sheet as the company transitions its focus toward the renewable energy sector, which is poised to drive future growth. Reliance Power, a zero-debt company, recently raised ₹1,525 crore through equity-linked warrants via a preferential issue. This capital infusion positions the company to capitalize on growth opportunities in the rapidly expanding renewable energy market. With a current net worth of ₹14,393 crore, Reliance Power’s enhanced equity base will elevate its net worth to over ₹15,000 crore,” the statement said.