Reliance Power Share Price: Anil Ambani Owned Stock Rallies 10% In 3 Days; What's Driving The Surge?

Reliance Power shares continued their upward trajectory, gaining over 2% in Thursday's trading session, marking the third consecutive day of rally. The stock climbed as much as 2.14% to Rs 45.64 on the Bombay Stock Exchange (BSE) after its subsidiary, Sasan Power, successfully repaid $150 million in debt to IIFCL, UK. With today's rally, Reliance Power's shares have surged over 9% in just three sessions.

Debt Repayment
On December 31, 2024, Sasan Power, a key subsidiary of Reliance Power, made a bullet payment of $150 million to Infrastructure Finance Company Limited (IIFCL), UK. This repayment, announced via a regulatory filing on January 1, is a significant step in strengthening Sasan Power's debt coverage metrics, enhancing liquidity, and improving its credit rating.

Sasan Power operates a 3,960 MW Ultra Mega Power Plant (UMPP) in Sasan, Madhya Pradesh. Recognized as the world's largest integrated coal-based power plant, it features a captive coal mining capacity of 20 million tonnes per annum (MTPA). The plant supplies electricity to 14 distribution companies (DISCOMs) across seven states-Madhya Pradesh, Uttar Pradesh, Rajasthan, Punjab, Haryana, Uttarakhand, and New Delhi-at a record-low tariff of Rs 1.54 per unit.

"The loan repayment further strengthens Reliance Power's balance sheet as the company transitions its focus toward the renewable energy sector, poised to drive future growth," the company said.

Reliance Power recently secured Rs 1,525 crore through equity-linked warrants via a preferential issue.

Reliance Power has showcased stellar performance in recent years, delivering multibagger returns and gaining significant investor attention. Over the past month, the stock has rallied over 17%, while in six months, it has surged by more than 58%. The momentum extends to the long term, with an 89% surge in one year, 210% return in two years, and 1,175% gain over five years.

As of 12:45 pm on the National Stock Exchange (NSE), Reliance Power shares were trading with nearly 4% gains at Rs 46.35. Over the past 12 months, the stock has delivered an impressive 92% return.