Reliance Power to Sell Indonesian Coal Subsidiaries for $12 Million; Share Price in Focus

Reliance Power Limited has signed a definitive agreement to sell its entire stake in 5 Indonesian coal-based step-down subsidiaries. This marks a significant move in the company's asset monetisation strategy as it exits from its coal mining investments in Indonesia.

Reliance Power Finalises Exit from Indonesian Coal Assets

On September 29, 2025, Reliance Power Netherlands B.V. and Reliance Natural Resources (Singapore) Pte. Ltd. (collectively referred to as the sellers) entered into a Share Purchase Agreement with Biotruster (Singapore) Pte. Ltd. The deal involves the sale of 100% equity in PT Avaneesh Coal Resources, PT Heramba Coal Resources, PT Sumukha Coal Services, PT Brayan Bintang Tiga Energi, and PT Sriwijaya Bintang Tiga Energi.

The consideration agreed upon for this transaction is $12,000,000, payable upon closing. The sale is expected to be completed by December 30, 2025, subject to customary terms and conditions and fulfilment of certain conditions precedent.

Minimal Financial Impact on Consolidated Earnings

The combined net worth of the subsidiaries being sold was ₹16,909 lakh, accounting for just 0.53% of Reliance Power’s consolidated net worth in the last financial year. Notably, these entities contributed ₹0 in income, indicating they were non-revenue-generating.

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Transaction Details and Buyer Background

The buyer, Biotruster (Singapore) Pte. Ltd., is not part of the promoter or group companies. The transaction does not fall under related party transactions and is also not a part of any Scheme of Arrangement as per Regulation 37A of SEBI's LODR Regulations.

This divestment comes as part of Reliance Power's strategic restructuring and focus on strengthening its core business by exiting non-core assets. With this deal, the company further distances itself from the coal mining sector, aligning with its ongoing plans for business consolidation.

Reliance Power Share Price Performance

On September 29, 2025, Reliance Power share price opened at ₹45.02 on NSE, above the previous close of ₹44.76. During the day, it surged to ₹45.98 and dipped to ₹44.69. The stock is trading at ₹45.74 as of 10:31 AM. The stock registered a significant gain of 2.19%.

Over the past week, it has declined by 4.39%, over the past month, it has moved up by 3.86%, and over the past 3 months, it has declined by 34.93%.

Conclusion

Reliance Power’s $12 million sale of its Indonesian coal subsidiaries reflects a well-calculated move to streamline operations and reduce exposure to non-core assets. The transaction’s minimal impact on financials highlights a cleaner balance sheet approach, likely favouring long-term strategic direction.

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