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Torrent Power gets nod to raise funds up to Rs 1000 crore via NCDs

06 Feb 2019 Evaluate

Torrent Power has received an approval for the issuance of Non-Convertible Debentures (NCDs) up to Rs 1000 crore in one or more tranches by way of Private Placement basis within the overall borrowing limits of the company. The Board of the company at its meeting held on February 05, 2019, approved the same.

Torrent Power is an integrated utility engaged in the business of power generation, transmission and distribution with operations in the states of Gujarat, Maharashtra and Uttar Pradesh.

Peers
Company Name CMP
NTPC 327.00
Tata Power 361.00
Adani Power 202.35
Power Grid Corpn. 263.50
Adani Energy Solut. 1350.00
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