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HomeSTOCKSRecently Energy Company Repaid 1023 Crore Loan; Company Has Started Rising Again

Recently Energy Company Repaid 1023 Crore Loan; Company Has Started Rising Again

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Anil Ambani debt: Today, in this post we’ll discuss about Reliance Power latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.

The days of debt-ridden Anil Ambani have started changing. Once upon a time, the world’s sixth richest man got so trapped in debt that his companies started getting sold and he himself started going bankrupt. 

However, it appears that Anil Ambani is in desire of making the chance to make a comeback. Its effect is also visible on Reliance Power Limited (NSE – BE: RPOWER) shares. Companies are paying down less debt. 

Anil Ambani Is Now Focusing On The Reduction Of Debt

Anil Ambani is now focusing on reducing debt. Recently his energy company Reliance Power repaid a loan of Rs 1023 crore. 

Now news is coming that Anil Ambani’s Reliance Infrastructure has also prepared to repay the loan of Rs 2100 crore of JC Flowers Asset Reconstruction Company.

Junior Ambani has decided to settle the loans of his debt-ridden companies.

Rise In Shares Of Reliance Power

Recently, two subsidiaries of Reliance Power, Kalai Power Private Limited and Reliance Cleangen Limited, repaid a total loan of Rs 1023 crore from banks. After the arrival of this news, the shares of Reliance Power Share have returned to the rise. 

After the news came, the share which had once reached Rs 1.20, has reached Rs 30.33. In the last one week, Reliance Power shares have seen a rise of 40 percent. 

In the last four years, the shares of the company have achieved a growth of 2585 percent. On March 27, 2020, the shares of Reliance Power were at Rs 1.13, which has reached Rs 30.33 on April 2, 2024.

Growth Of 3000 Percent In 4 Years

A period of tremendous growth has started in the shares of Reliance Infrastructure. The shares of RELIANCE INSTRUCTURE LTD have crossed the price of 293.95.

The shares of the company have yielded the company a return of 3000% over the last four years. On March 27, 2020, shares of Reliance Infra reached Rs 9.20. 

Today, on April 2, 2024, the shares of the company have reached Rs 293.95. In the past year, the stock increased by more than 100 percent.

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