Anil Ambani: Thousands of crores of debts paid, sons made rich; What is the net worth of Anil Ambani?
Reliance Power Latest Update: Reliance Power, which was in debt of thousands of crores till six months ago, has become debt-free. Apart from this, its subsidiary company Sasan Power Limited has also repaid about 1300 crore debt to Britain's IIFCL.
Anil Ambani Future Plan: Anil Ambani is slowly returning to the old days. His derailed car is moving. That's why their companies are engaged in reducing their debt day by day. On the first day of the year, another company of Anil Ambani has announced to repay a debt of about Rs 1286 crore. Reliance Power's subsidiary Sasan Power Limited has repaid a loan of $ 150 million (1286 crore) to Britain's IIFCL. By repaying the loan of IIFCL, the balance sheet of parent company Reliance Power will be strengthened and the company will have more cash. The company's focus will now increase on renewable energy in the future.
3,960 MW ultra-mega power plant in Sasan
The recent investment will position the company to take advantage of the growth opportunity in the rapidly growing renewable energy market. Sasan Power operates a 3,960 MW ultra-mega power plant at Sasan in Madhya Pradesh, the world's largest integrated coal-based power plant. It has a captive coal mining capacity of 20 MTPA. The plant supplies power at Rs 1.54 per unit to 14 distribution companies in Madhya Pradesh, Uttar Pradesh, Rajasthan, Punjab, Haryana, Uttarakhand and New Delhi. This is the lowest rate in the country.
Anil Ambani
, who was once on the list of the world's top billionaires, went through his worst phase during the Covid pandemic. His bad times can be gauged from the fact that he had to keep his wife's jewelry to repay the debt. But even in the midst of all this, he did not lose his hand and is now busy making a comeback again. Companies associated with his Reliance Group have reduced loans sharply in the last one year. Both sons are also giving full support in this journey. From son Jai Anmol Ambani, Jai Anshul Ambani to daughter-in-law Krishna Shah, there are also efforts to take the family's business forward.
As of June 2024, Anil Ambani's company had a debt of Rs 17,812 crore. Which he completely ended as soon as the new year started. Now his company has zero debt. Similarly, Reliance Infra has also paid about 87 percent of its debt. Recently, there was news of Reliance Power being debt-free after Reliance Capital took over the investment of Pepsin. The impact of the rapid reduction in debt of both companies was that the shares of Reliance Power and Reliance Infra saw a boom. Recently, Anil Ambani also started a new company in the infra sector. With these reports, the trust of small investors is increasing in Anil Ambani.
Reliance Infra and Reliance Power presented excellent results for the second quarter of the last few days. Reliance Infra's console profit rose to Rs 4,082.5 crore. Similarly, Reliance Power's consolidated profit figure stood at Rs 2,878.15 crore. Reliance Infra's new subsidiary company Reliance Jai Properties Private Limited (RJPPL) has been launched with the aim of taking major steps in the real estate sector. The company started in the name of the son is expected to strengthen Anil Ambani. The impact of these reports is also being seen on the company's shares.
Anil Ambani's two sons, Jai Anmol Ambani and Jai Anshul Ambani, played with him in his bad times. The hard work of both and the trust of investors are bringing color to Ambani's business. On the basis of the ability of his sons, the media has started calling both of them as 'Anmol Ratna'. On the basis of hard work, Anmol Ambani, the eldest son of small Ambani, has already crossed the net worth of his business 2000 crores. Sons, Jai Anmol Ambani and Jai Anshul Ambani, are said to be behind the debt reduction of Ambani's companies and getting new orders. Both sons are quietly doing their work by staying away from the limelight.
His company's confidence in the market is increasing, that is why investors are also preferring investment. Their market cap has also increased due to the rise in the shares of Reliance Power and Reliance Infra. In the trading session closed on Wednesday, the market cap of Reliance Infra has increased to Rs 12,644 crore and Reliance Power has increased to Rs 17,947 crore. The total market cap of both companies has crossed 30000 crores. It is expected that in the new year 2025, Anil Ambani will make a strong comeback in the list of billionaires released by Forbes. According to the Times of India report of 2023, Anil Ambani's net worth is Rs 250 crore.
Anmol Ambani started his career as an intern with Reliance Mutual Fund at the age of 18.
He joined the company in 2014, only after that the company started moving at a slight pace. He then became a board member in Reliance Nippon Asset Management and Reliance Home Finance. But on the other hand, Anil Ambani's debt was constantly increasing. After this, Anmol took over the command of the group and convinced the Japanese company Nippon to increase its stake in Reliance. With this decision, the net worth of his business has increased to Rs 2000 crore.