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.
