{"id":639170,"date":"2024-03-20T11:43:41","date_gmt":"2024-03-20T06:13:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=639170"},"modified":"2024-03-20T11:43:41","modified_gmt":"2024-03-20T06:13:41","slug":"reliance-power-and-its-parent-entity-actively-settling-dues-with-lenders","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-power-and-its-parent-entity-actively-settling-dues-with-lenders\/","title":{"rendered":"Reliance Power and its parent entity actively settling dues with lenders"},"content":{"rendered":"<p>Mumbai: Anil Ambani-led Reliance Power settled the debts owed to three banks &#8211; ICICI Bank, Axis Bank, and DBS Bank &#8211; last week while its parent Reliance Infrastructure is working towards settling dues of Rs 2,100 crore to JC Flowers Asset Reconstruction Company, said people with knowledge of the matter.<\/p>\n<p>&#8220;Reliance Power aims to be a debt-free company by the end of this fiscal year. The only debt on its books will be the working capital loan from IDBI Bank,&#8221; said a senior executive from a commercial bank. The three lenders jointly had about Rs 400 crore and have recovered close to 30-35% of their principal loans, another lender said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Anil Ambani-led Reliance Power settled the debts owed to three banks &#8211; ICICI Bank, Axis Bank, and DBS Bank &#8211; last week while its parent Reliance Infrastructure is working towards settling dues of Rs 2,100 crore to JC Flowers Asset Reconstruction Company, said people with knowledge of the matter. &#8220;Reliance Power aims to be a debt-free company by the end of this fiscal year. The only debt on its books will be the working capital loan from IDBI Bank,&#8221; said a senior executive from a commercial bank. The three lenders jointly had about Rs 400 crore and have recovered [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-639170","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/639170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=639170"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/639170\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=639170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=639170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=639170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}