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Torrent Power allots NCDs worth Rs 550 crore

27 Sep 2012 Evaluate

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.

Peers
Company Name CMP
NTPC 328.35
Tata Power 362.15
Adani Power 203.70
Power Grid Corpn. 264.25
Adani Energy Solut. 1355.05
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