Reliance Power to raise Rs 1,325 cr from Rel Infra to pare debt

15 Jun 2021 CW Team

Reliance Power, part of Anil Ambani Group, plans to raise Rs 1,325 crore from its promoters to decrease debt. The board of Reliance Infrastructure and Reliance Power has approved the capital plan.

Reliance Infrastructure will note an increased stake in Reliance Power to 38% from the current 9%, as Reliance Power will issue equity shares and convertible warrants.

It will issue 60 crore equity shares and Rs 73 crore convertible warrants to Reliance Infrastructure at Rs 10 each, a discount to its previous closing price of Rs 13. The complete total of the capital will be used to eliminate the debt of Reliance Power, which is Rs 25,000 crore.

Last week, Reliance Infrastructure announced plans to raise Rs 551 crore from its international private equity fund Varde Partners and promoters.

Its stake in Reliance Power will rise to 25% after the issue of equity share and increase to 38% on the conversion of warrants into equity.

The board of Reliance Power also approved two separate fund-raising proposals: issuance of foreign currency convertible bonds and the issue of equity shares with or without warrants through qualified institutions placement (QIP).

The company has a working portfolio of 5,945 MW spread across renewable energy and thermal gas.

Image Source

Also read: Reliance Infrastructure to raise Rs 550 cr from promoters

Also read: DLF rental arm raises Rs 2,500 cr in two LRDs

Infrastructure Transport

10 Feb 2026

Tamil Nadu Gets Rs 76,110 mn for Railways, Three Projects Revived

Union Minister for Railways Ashwini Vaishnaw announced that Tamil Nadu has been allocated Rs 76,110 mn in the Union Budget 2026–27, marking a 14.9 per cent increase over the Rs 66,260 mn allotted in 2025–26. The allocation is intended for ongoing new line projects, track doubling, station redevelopment and safety-related works, with project-wise details to be disclosed when the Pink Book is released. Officials indicated that the funds will be deployed across construction and modernisation priorities identified for the state. The minister urged the Tamil Nadu government to extend support f..

Nagpur Station Redevelopment Deadline Extended To March 2027

Nagpur Railway Station redevelopment has been rescheduled to March 2027 as officials opted for a cautious approach to minimise disruption at the busy terminus. The project had earlier been due for completion in December 2026 but work at a live station while preserving the heritage character of the building has slowed progress. The Divisional Railway Manager (DRM) said construction sequencing is being adjusted to maintain passenger services. The DRM provided an update on Ajni Railway Station, stating its redevelopment timeline has been revised to October 2026 instead of the earlier target of c..

Railway Push Boosts Connectivity in Jammu and Kashmir

An accelerated push to expand railway infrastructure is reshaping connectivity in Jammu and Kashmir, with Indian Railways leading an extensive programme of new lines, stations and engineering works. Officials described the effort as aimed at linking remote areas to major trade and transport corridors and at reducing travel time for passengers and freight. The programme incorporates complex tunnelling and bridge construction to negotiate challenging terrain and to provide year round access. Administrative sources indicated that coordination with central and local agencies has been intensified t..