Reliance Power Plans Rs 90 Billion Fundraising Drive

18 Jul 2025 CW Team

Reliance Power, led by Anil Ambani, has announced a major Rs 90 billion capital-raising initiative as part of a broader financial restructuring plan, following a strong rebound in its earnings. The board has approved raising Rs 60 billion through equity shares and another Rs 30 billion via non-convertible debentures (NCDs).

The equity capital will be mobilised through either a Qualified Institutions Placement (QIP), a follow-on public offering (FPO), or a mix of both, pending shareholder approval. The NCDs, whether secured or unsecured, will be issued in one or more tranches through private placement or other routes.

This funding strategy follows a notable financial recovery. For Q4 ended March 2025, Reliance Power posted a net profit of Rs 1.26 billion, reversing a Rs 3.98 billion loss from the same period last year. Operational revenue dipped by 1 per cent to Rs 19.78 billion, but EBITDA soared to Rs 5.9 billion from Rs 488 million, with margins jumping from 2.4 per cent to 29.8 per cent.

The turnaround reflects improved operational efficiency, aggressive cost optimisation, and the company’s ongoing efforts to delever the balance sheet and strengthen its financial position.

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