Reliance Power has approved plans to raise up to INR 9,000 crore through a combination of equity and debt instruments. Of this, up to INR 6,000 crore will be raised via a Qualified Institutions Placement (QIP), follow-on public offer (FPO), or a combination of both. The company also plans to raise up to INR 3,000 crore through the issuance of non-convertible debentures (NCDs).
“The company’s board of directors, at its meeting held on July 16, 2025, approved seeking enabling authorization from shareholders to raise funds up to INR 6,000 crore through the issuance of equity shares, equity-linked instruments, or other eligible securities to qualified institutional buyers by way of a QIP and/or FPO or a combination thereof,” Reliance Power said in a statement.
Additionally, the board approved the issuance of secured or unsecured, redeemable NCDs of up to INR 3,000 crore, in one or more tranches, through private placement or other routes.
Reliance Power Ltd, part of the Reliance Group, is one of India’s leading private sector power generation companies. The company has an operating portfolio of 5,305 MW, which includes 3960 MW Sasan Power Ltd—world’s largest integrated coal based power plant.
As of May 28, 2025, the company’s total clean energy pipeline stood at around 2.4 GW of solar DC capacity and over 2.5 GWh of BESS capacity, making it India’s largest player in the integrated solar + BESS segment.
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