About RattanIndia Power Limited

RattanIndia Power Limited (RPL) is a public company incorporated in 2007 and domiciled in India. It is principally engaged in power generation, distribution, trading and transmission, along with allied and incidental activities.

The Company operates a 1,350 MW coal-based thermal power plant at Amravati, Maharashtra (5 units × 270 MW). Power from 1,200 MW is supplied to Maharashtra State Electricity Distribution Company Limited (MSEDCL) under long-term PPAs; additional uncontracted power—up to 28 MW in FY 2024–25—was sold on the Indian Energy Exchange (IEX).

RPL’s registered office is at A-49, Ground Floor, Road No. 4, Mahipalpur, New Delhi 110037, and its equity shares are listed on NSE and BSE.

Subsidiaries (as at March 31, 2025): Poena Power Development Limited (India) — 100%. Sinnar Thermal Power Limited ceased to be a subsidiary on January 18, 2024. Three overseas entities in Cyprus (Bracond, Genoformus, Renemark) were dissolved effective March 27, 2024.

RattanIndia Power Limited Business Segments

The operations fall under a single reportable segment: “Power generation and allied activities.” The Company derives revenue from a single external customer and its operations are domiciled in India; hence, there are no reportable geographical segments.

RattanIndia Power Limited Key Management

Mr. Rajiv Rattan — Executive Chairman

Mr. Himanshu Mathur — Whole Time Director

Mr. Ravi Kumar Pakalapati — Whole Time Director (w.e.f. July 23, 2025)

(Changes during the year: Mr. Sanjiv Chhikara and Mr. Sharad Behal — Independent Directors up to Sept 25, 2024; Mr. Baliram Ratna Jadhav — Whole Time Director up to June 06, 2025.)

Latest Updates on RattanIndia Power Limited

• Operational performance: Amravati Plant achieved PLF of 78% and PAF of 82%.

• Merchandising & revenue: Sold up to 28 MW surplus on IEX; booked revenue/total income of Rs 3,677.28 crore in FY 2024–25.

• Fuel security & collections: Received 1,533 coal rakes (avg. ~4.2/day); collected Rs 3,150 crore from MSEDCL, including Rs 110 crore of disputed receivables.

• Regulatory outcomes: In May 2025, APTEL held that MoEFCC notifications on 100% ash utilisation and certain Coal India charges qualify as “Change in Law”; Company engaging with MSEDCL for release of payments.

• Capital structure: NCDs stood repaid in full (principal and interest) consequent to repayments.

• Litigation/claims context: The Company continues to pursue regulated receivables and claims under “Change in Law” before appropriate forums; Supreme Court-linked recoveries and MERC/APTEL processes referenced in the notes.