Torrent Power has received an approval for issuance of Non-Convertible Debentures (NCDs) up to Rs 1500 crore in one or more tranches by way of Private Placement. The Board at its meeting held on May 15, 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.