Tata Power Company has received an approval for issuance in one or more tranches, of non-cumulative, redeemable, taxable, listed, rated securities in the form of Non-Convertible Debentures (NCDs) up to an aggregate amount not exceeding Rs 3,500 crore and for tenor not exceeding 15 years from the date of issue on private placement basis to any persons, entities, bodies corporate, companies, banks, financial institutions and any other categories of eligible investors permitted to invest in the NCDs under applicable laws. The board of directors at its meeting held on November 3, 2017 has approved for the same.
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.
