RattanIndia Power Limited is an India-based power generation company principally engaged in the business of dealing in power generation, distribution, trading, and transmission, along with other ancillary and incidental activities. The company stands as one of India's largest private power generation companies, with an installed capacity of 2,700 MW from thermal power plants located at Amravati and Nashik (1,350 MW at each location) in Maharashtra, India.
The company was incorporated in the year 2007 as Sophia Power Company Limited, originally as a part of the Indiabulls group. The company changed its name to Indiabulls Power Limited after its listing on NSE as well as BSE in the year 2009. In 2014, after the group split, the company, along with Indiabulls Infrastructure and Power Limited, was carved out of the group and renamed RattanIndia Power Limited.
The Company's thermal power projects include the Amravati Thermal Power Project and the Nashik Thermal Power Project. The Amravati Thermal Power Project is a coal-based thermal power plant spread over an area of 1,350 acres at Nandgaonpeth, 13 kilometers from Amravati city, Maharashtra, India. The Amravati Plant comprises five units of 270 megawatts, with a total installed capacity of 1,350 megawatts. The Nashik Thermal Power Project is situated near Sinnar, approximately 40 kilometers from Nashik city in Maharashtra, India. The plant spreads over an area of 1,040 acres and has an installed capacity of 1,350 megawatts.
RattanIndia Power Limited operates with a total installed capacity of 2,700 MW from its thermal power plants at Amravati and Nashik, representing an investment of Rs. 18,615 crores (US $2.5 Billion). The power plants are spread over a combined area of 2,400 acres. The company has attracted marquee funds like Goldman Sachs and VardePartners, USA as investors.
The market capitalization of RattanIndia Power Ltd (RTNPOWER) stands at ₹7,920.91 Cr as of July 7, 2025. The company has reported significant financial developments in its recent results. For the full year ended March 2025, net profit declined by 97.51% to Rs 221.92 crore, compared to Rs 8896.75 crore in the previous year ended March 2024. Sales declined by 2.38% to Rs 3283.83 crore in the year ended March 2025, as against Rs 3364.00 crore during the previous year ended March 2024.
The company's quarterly performance showed mixed results. Net profit of RattanIndia Power declined by 98.82% to Rs 125.94 crore in the quarter ended March 2025, compared to Rs 10665.75 crore during the previous quarter ended March 2024. Sales rose by 2.44% to Rs 936.25 crore in the quarter ended March 2025, as against Rs 913.96 crore during the previous quarter ended March 2024.
The stock has demonstrated notable performance over the years. RattanIndia Power Ltd's share price has moved up by 339.94% on BSE over the last 3 years. The 52-week high for RattanIndia Power Ltd (RTNPOWER) is ₹17.80 and the 52-week low is ₹8.44. The P/E (price-to-earnings) ratio of RattanIndia Power Ltd (RTNPOWER) is 35.69.
The company is led by seasoned professionals with extensive experience in the power sector. Mr. Rajiv Rattan serves as the Executive Chairman of RattanIndia Power Limited. An alumnus of IIT Delhi, Rajiv began his professional career with Schlumberger, a global leader in oilfield services. Mr. Himanshu Mathur has been with RattanIndia Power Limited since 2010, having served in various capacities. He is currently an Executive Director of the Company, designated as President.
RattanIndia Power has been actively managing its financial obligations. Notably, the company fully repaid INR 1025 crore NCDs, clearing both principal and interest, as of July 1, 2025. The company has garnered significant market attention; it has clarified that recent surges in share volume are market-driven and not due to any undisclosed material information.
- Market Cap: ₹7,920.91 Cr (as of July 7, 2025)
- Total Revenue FY25: ₹3,283.83 Cr
- Net Profit FY25: ₹221.92 Cr
- Sales Q4 FY25: ₹936.25 Cr
- Net Profit Q4 FY25: ₹125.94 Cr
- EPS Q4 FY25: ₹0.23
- P/E Ratio: 35.69
- P/B Ratio: 1.67
Promoter holding in RattanIndia Power Ltd has increased to 44.06% as of March 2025, from 44.06% as of June 2024. However, it's important to note that promoters have pledged or encumbered 88.6% of their holding.
RattanIndia Power operates in the highly regulated power sector and continues to focus on operational efficiency while maintaining its position as one of India's significant private power generation companies. The company's strategic location in Maharashtra and its substantial installed capacity position it well to serve the growing energy demands of the region.
