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NLC India raises fund via bonds

28 Jan 2020 Evaluate

NLC India has allotted 5250 nos. of Secured, Non-Cumulative, Non-Convertible, Redeemable, Taxable Bonds (Series I of 2020) in the nature of Debentures on January 27, 2020 at a coupon of 7.36% p.a. with a door to door maturity of 10 years, consequent to the bidding process held on January 23, 2020. With the above allotment the company has issued bond aggregating to Rs 2000 crore.

NLC India is engaged in the business of lignite mining and power generation.

Peers
Company Name CMP
NTPC 324.00
Tata Power 374.80
Adani Power 209.00
Power Grid Corpn. 270.00
Adani Energy Solut. 1415.00
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