Over the past year, the spotlight has been on Reliance Power, a company led by Anil Ambani. During this time, the company’s shares skyrocketed by an impressive 130%, reaching Rs 26.20.
Just a year ago, these shares were valued at Rs 11. Analysts predict further growth, with projections suggesting a climb to Rs 34 in the near future.
Strong Returns Over Five Years
Reliance Power shares have shown remarkable performance over the past five years, marking a staggering 250% increase.
Starting from Rs 7, the current price reflects significant appreciation.
Notably, the company’s Initial Public Offering (IPO) in January 2008 was priced between ₹ 405 to ₹ 450 per equity share. It debuted at ₹ 547.80 on BSE and ₹ 530 on NSE, subsequently rewarding shareholders with bonus shares in a 3:5 ratio.
The stock’s 52-week high and low stand at Rs 34.35 and Rs 11.06, respectively.
Debt Repayment Strategies in Motion
Recent developments indicate Reliance Power’s proactive approach in managing its financial obligations.
Notably, two of its subsidiary companies, Kalai Power Private Limited and Reliance Cleangen Limited, have successfully settled a loan worth Rs 1,023 crore with Reliance Commercial Finance, a subsidiary of Authum Investment and Infrastructure Limited.
This settlement follows strategic moves by Reliance Power, including the sale of its 45 MW wind power project in Maharashtra to JSW Renewable Energy for Rs 132 crore.
Additionally, Kalai Power’s sale of development rights for its proposed 1,200 MW hydro-power project in Arunachal Pradesh to THDC India Ltd for Rs 128 crore contributed to the repayment of loans.
By leveraging the proceeds from asset sales, Reliance Power showcases its commitment to debt reduction and financial stability.
