Maithon Power, a 74% Joint Venture (JV) of Tata Power, has issued and allotted senior, non-cumulative, redeemable, listed, rated, secured non-convertible Debentures (NCDs) for an amount of Rs 500 crore on private placement basis. The NCDs have been rated AA-(with stable outlook) by CRISIL. The NCDs carry a floating rate of interest linked to base rate published by HDFC Bank. These NCDs have been issued on a private placement basis through a private placement offer letter cum information memorandum.
Tata Power is India's largest integrated power company with a significant international presence. The Company has an installed generation capacity of 8669 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.
