Tata Power Company has received an approval to issue non-cumulative, redeemable, listed, rated non-convertible debentures (NCDS) not exceeding an aggregate limit of Rs 3,700 crore on private placement basis. The board of directors at their meeting held on October 13, 2014 has approved for the same.
The NCDs may be issued by the company in one or more tranches and may be unsecured or secured by creation of charge over the assets of the company.
Tata Power is India’s largest integrated power company with a significant international presence. The Company has an installed generation capacity of 8521 MW in India and a presence in all the segments of the power sector viz. Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.
