Reliance Power Limited has informed the Exchange about Sale or disposal
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Reliance Power is selling its entire 100% stake in five Indonesian coal-focused step-down subsidiaries — PT Avaneesh Coal Resources, PT Heramba Coal Resources, PT Sumukha Coal Services, PT Brayan Bintang Tiga Energi, and PT Sriwijaya Bintang Tiga Energi. The buyer is Biotruster (Singapore) Pte. Ltd., which is not related to the promoter group. Total sale consideration is USD 12 million (about Rs. 10 crore), receivable on closing. The five subsidiaries together had nil revenue contribution last year and represent only 0.53% of Reliance Power's consolidated net worth (Rs. 16,909 lakh). The deal was signed on September 29, 2025, and is expected to close by December 30, 2025, subject to conditions precedent.
This is a small, non-core divestment of loss-making/idle overseas coal assets at a modest value, with no impact on Reliance Power's main Indian power generation business. The deal is unlikely to materially move the stock, though it marks a step in cleaning up the company's foreign asset portfolio.