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Tata Power’s arm raises Rs 575 crore through NCDs

16 Jun 2016 Evaluate

Tata Power Company’s wholly-owned subsidiary -- Tata Power Renewable Energy (TPREL) has raised Rs 575 crore through issuance of non-convertible debentures (NCDs) on private placement basis.  The proceeds will be used primarily to prepay existing high cost debt in TPREL.

Tata Power is India’s largest integrated power company with a growing international presence. The Company together with its subsidiaries and jointly controlled entities has an installed gross generation capacity of 9184 MW and a presence in all the segments of the power sector.

Tata Power Share Price

436.00 -3.20 (-0.73%)
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Peers
Company Name CMP
NTPC 402.20
Tata Power 436.00
Adani Power 225.15
Power Grid Corp 313.90
Torrent Power 1724.80
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