Tata Power is planning to raise up to Rs 7,000 crore via non-convertible debentures (NCDs)/ bonds on a private placement basis for one year. This, among other businesses, including appointment of six new directors, was considered at its 98th annual general meeting held in Mumbai on August 23, 2017.
Meanwhile, the company is planning to solve issues at its Mundra plant in Gujarat, reduce high debt, and simplify the corporate structure.
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 presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.
