InvestorQ : Is it true that Reliance Power has also defaulted on its loans?
sara Kunju made post

Is it true that Reliance Power has also defaulted on its loans?

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Mary Joseph answered.
5 months ago
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Reliance Power defaulted on interest payments to DBS Bank and IDBI Bank and the amounts were just about a little over Rs.1 crore. This comes just a day after RBI referred Reliance Capital to the NCLT. Even Yes Bank has a large exposure to Reliance Power. The outstanding borrowings of Reliance Power stand at Rs.1,194 crore, but it has energy capacity of 5,945 MW.

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