This company is Reliance Power. The debt of Reliance Power, a company of Anil Ambani Group, is continuously decreasing. Its debt to equity ratio is 1.62, although the book value of the company remains Rs 28.90 as compared to its price of Rs 30.72. This means that the company's debt is coming down and it also has assets. On Tuesday, the company told the exchange that it has settled the debt as a guarantor for the power generation company Vidarbha Industries Power Limited (VIPL). A debt of Rs 3,872.04 crore has been repaid. The company announced this on September 17, 2024.

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Reliance Power has formalized an agreement with Rosa Power Supply Company, VIPL and CFM Asset Reconstruction Private Limited to repay the outstanding loan. A release deed with Axis Trustee Services has been cancelled, thereby fulfilling Reliance Power's liabilities related to VIPL's ECB (i.e. loan taken from abroad). All legal actions initiated by and against Reliance Power, including actions taken under the Insolvency and Bankruptcy Code (IBC), have been withdrawn. Company's stock performance- The stock has increased by 40 percent from January to September. The stock has increased by 70 percent in one year and 122 percent in three years. Company entered new business- Company got a big order- Reliance Power has received an order from Solar Energy Corporation of India (SECI) to install 500 MW/1000 MWh battery energy storage system (BESS). This is part of SECI's ambitious initiative to develop 1,000 MW/2,000 MWh standalone battery energy storage systems. Reliance Power's winning bid, which came at ₹3.8199 lakh per MWh, represents a substantial reduction compared to previous BESS projects, marking a significant moment in the ongoing development of renewable energy in India.