Anil Ambani-led Reliance Power has announced that it will sell its Indonesian step-down subsidiaries to Singapore-based Biotruster for a consideration of $12 million. The 100% equity sale involves five Indonesian entities — PT Avaneesh Coal Resources, PT Heramba Coal Resources, PT Sumukha Coal Services, PT Brayan Bintang Tiga Energi, and PT Sriwijaya Bintang Tiga Energi.
Reliance Power: Contribution of Indonesian units
Reliance Power announced that the agreement was signed on September 29, and the transaction is expected to close by December 30, subject to regulatory and customary conditions. The company announced that the deal has been executed through a Share Purchase Agreement and does not fall under related-party transactions.
The Indonesian units contributed nil income during the last financial year, while their combined net worth stood at Rs 16,909 lakh, accounting for 0.53% of Reliance Power’s consolidated net worth.These units were held by Reliance Power Netherlands and Reliance Natural Resources (Singapore).
Profit rebounds to Rs 44.68 crore in Q1FY26
Reliance Power turned in a net profit of Rs 44.68 crore in Q1 FY26, a sharp rebound from the Rs 97.85 crore loss in the same quarter last year. The company credited this turnaround to strong plant performance (Sasan ran at a 91% PLF, Rosa delivered 97% availability) and robust debt management — it serviced Rs 584 crore in debt and now boasts one of the lowest debt-to-equity ratios in the sector.
Reliance Power is part of the Anil Ambani-led Reliance Group, is a power generation company engaged in developing, constructing, and operating energy projects in India and abroad. With nearly 6,000 MW of operational capacity, its portfolio spans coal, gas, hydro, and renewable energy, strategically located near fuel sources or demand centres.