Reliance Power defaults on payment of ₹300 cr

PTI New Delhi | Updated on September 01, 2020

Reliance Power posted a net loss of ₹2,951.82 crore for FY19   -  PUNIT PARANJPE

Reliance Power on Monday said it has defaulted on payment of principal and interest totalling to ₹300.22 crore.

The company defaulted on payment of ₹300.22 crore, including interest amount of ₹2.22 crore on July 31, 2020, it said in a BSE filing.

The default was on loans taken from Axis Bank, Yes Bank, IDBI Bank and Lakshmi Vilas Bank, it added.

Published on September 01, 2020

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like