Results for: Debt-Free

Turks and Caicos, renowned for its pristine beaches and luxury accommodations, has achieved a remarkable feat by becoming a debt-free nation through strategic tourism development. Minister Josephine Connolly reveals how the islands have leveraged their natural beauty and luxury offerings to attract visitors, generate substantial revenue, and create a sustainable economy. From its iconic Grace Bay Beach to the world-class diving opportunities at Grand Turk, Turks and Caicos offers a diverse range of experiences for travelers of all ages and interests. The nation’s commitment to responsible development, coupled with its strategic market expansion and focus on sustainability, ensures that Turks and Caicos will remain a premier destination for luxury travelers and adventurers for years to come.

Reliance Power shares have witnessed a significant surge following the Union Budget 2024, driven by the company’s achievement of debt-free status. The stock has climbed over 30% in eight consecutive sessions, reaching new 52-week highs. Experts believe the Budget’s focus on power and infrastructure growth will further benefit the company’s financial performance in the coming fiscal year.

Anil Ambani’s Reliance Power has made a remarkable turnaround, becoming debt-free on a standalone basis. After settling debts with banks such as ICICI, Axis, and DBS, the company has erased its financial burden of approximately Rs 800 crore. This has boosted the company’s shares, which were trading at a low of Rs 1.13 in 2020 and have now rebounded to over Rs 26.15. With an equity base of Rs 4016 crore and an operating capacity of 5900 MW, Reliance Power is once again attracting the attention of investors.