Reliance Infrastructure Ltd (RInfra), led by Anil Ambani, has made significant strides in reducing its debt, slashing it by 87% from ₹3,831 crore to ₹475 crore. This was achieved through the repayment of dues to major lenders like Life Insurance Corporation (LIC), ICICI Bank, and Edelweiss. The move has boosted the company’s net worth to ₹9,041 crore and led to a 20% surge in its stock price on the Bombay Stock Exchange (BSE).
This debt reduction comes as part of a broader effort to stabilize the financial health of RInfra, which had been struggling with high debt. Settlements with asset reconstruction companies and the resolution of key disputes have further strengthened its position. Alongside this, Reliance Power, another of Ambani’s companies, has also cleared debts, marking a positive turnaround for the group
