Reliance Power challenges $165.41 million US Exim debt claim
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Reliance Power Limited is confronting a US$165.41 million claim from US Exim over its subsidiary Samalkot Power Limited (SPL), which the board deems not legally tenable.
- US Exim filed an IBC petition alleging default; the debt is guaranteed by Reliance Power Limited.
- The claim equals roughly INR 13,500 crore; no provision or cash outflow has been recorded so far.
- Ongoing LCIA arbitration and IBC proceedings raise legal and credit risk, likely to increase share‑price volatility.
- Potential outcomes: enforcement could trigger asset liens or higher borrowing costs, while a successful defence would dismiss the claim and preserve cash.
- Investors should monitor arbitration updates, any contingent liability disclosures, and possible changes to credit ratings or borrowing terms.
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