Anil Ambani led Reliance Power subsidiary Rosa Power becomes zero-debt company by prepaying Rs 485 crore debt to Varde Partners

Reliance Power subsidiary Rosa Power Supply Company has cleared different Rs 485 crore of indebtedness owed to Singapore-based Varde Partners, taking its full beforehand outgo of indebtedness to Rs 1,318 crore. Rosa Power has present afloat settled its outstanding indebtedness owed to Varde Partners up of the archetypal schedule. With that, Rosa Power Supply became a zero-debt company. Reliance Power is portion of the Reliance Group led by apical businessman Anil Ambani.

The Rs 485 crore outgo followed a abstracted prepayment of Rs 833 crore to Varde Partners successful September.

Rosa Power operates a 1,200 MW coal-based thermal powerfulness works successful Rosa colony adjacent Uttar Pradesh's Shahjahanpur. 

With the strengthening of its equilibrium sheet, on with the caller preferential issuance of Rs 1,525 crore equity-linked warrants, Rosa Power will enactment Reliance Power successful pursuing concern opportunities, successful the fast-growing cleanable greenish renewable vigor sector.

This preferential contented is estimated to instrumentality the company's nett worthy past the Rs 12,680 crore people from Rs 11,155 crore.

Additionally, with nary indebtedness obligations owed to banks, Reliance Power aims to prosecute maturation opportunities successful cleanable greenish powerfulness sector. 

Reliance Power is among the country's large backstage assemblage powerfulness procreation and ember resources companies.

It has 1 of the largest portfolios of powerfulness projects successful the backstage sector, based connected coal, gas, hydro and renewable energy.

Reliance Power, portion of the Reliance Group besides known arsenic the Reliance ADA group, has a commissioned portfolio of 5,300 megawatts.