Torrent Power has allotted 10.35% secured redeemable Non-Convertible Debentures (NCDs) of Rs. 550 crore on a private placement basis on September 26, 2012. The tenure of the NCDs is 10 years.
Torrent Power (TPL) is engaged in generation, transmission and distribution of power. The company generates 400 MW from its coal-based thermal power station located at Sabarmati.