MoneyWorks4Me

Torrent Power gets nod to raise up to Rs 1500 crore via NCDs

16 May 2019 Evaluate

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.

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
View more..