Tata Power Company has received its board approved for a proposal to raise up to Rs 5,500 crore through issuance of Non-Convertible Debentures (NCDs). The Board has approved issuance in one or more tranches, of non- cumulative, redeemable, taxable, listed, rated securities in the form of NCDs.
The NCDs can be issued on private placement basis to any persons, entities, companies, banks and financial institutions. The funds so raised will be utilised for refinancing of existing loans, among others.
Tata Power Company is India’s largest integrated power company.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.