Reliance Power unit Samalkot Power settles ₹131-crore loan default

Anil Ambani-run Reliance Power's subsidiary Samalkot Power has fully settled its outstanding interest of $15.48 million (₹131 crore) on a term loan with the Export-Import Bank of US. The repayment resolves the subsidiary's default, effectively curing Reliance Power's contingent liability as the loan guarantor. Reliance Power's Rosa also achieved zero-debt status after pre-paying a ₹485-crore loan.