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Tata Power’s JV issues Rs 500 crore debentures

01 Dec 2015 Evaluate

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.

Tata Power Share Price

442.80 1.45 (0.33%)
05-May-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 398.70
Tata Power 442.80
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Power Grid Corp 319.30
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