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Tata Power rises on raising Rs 1,500 crore through issue of NCDs

19 Nov 2014 Evaluate

Tata Power Company is currently trading at Rs. 89.60, up by 0.75 points or 0.84% from its previous closing of Rs. 88.85 on the BSE.

The scrip opened at Rs. 89.30 and has touched a high and low of Rs. 90.00 and Rs. 89.30 respectively. So far 38760 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 115.25 on 09-Jun-2014 and a 52 week low of Rs. 68.95 on 30-Jan-2014.

Last one week high and low of the scrip stood at Rs. 94.10 and Rs. 85.50 respectively. The current market cap of the company is Rs. 24233.44 crore.

The promoters holding in the company stood at 33.04% while Institutions and Non-Institutions held 50.93% and 15.87% respectively.

Tata Power has raised Rs 1,500 crore through issue of securities and the proceeds would be utilised for general corporate purposes, including towards repayment of maturing foreign currency convertible bonds. The power producer has issued two series of Non-Convertible Debentures (NCDs) worth Rs 1,500 crore on a private placement basis.

The 9.32 per cent unsecured, non-cumulative, redeemable, listed, and rated Series 1 NCDs aggregating Rs 1,000 crore will be repaid in 2017, while the 9.48 per cent unsecured, non-cumulative, redeemable, listed, and rated Series 2 NCDs aggregating Rs 500 crore will be repaid in 2019. These NCDs would be listed on the wholesale debt market segment of NSE.

The joint lead arrangers of these NCDs are Standard Chartered Bank, IDFC, Yes Bank, Axis Bank and Deutsche Bank.

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.

Tata Power Share Price

443.10 0.10 (0.02%)
07-May-2026 09:25 View Price Chart
Peers
Company Name CMP
NTPC 395.00
Tata Power 443.10
Adani Power 230.95
Power Grid Corp 313.90
Torrent Power 1746.95
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