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Tata Power planning to raise funds around Rs 2000 crore through bonds: Report

28 Dec 2022 Evaluate

Tata Power Company is reportedly planning to raise up to Rs 2000 crore through bonds. The company is planning to raise fund for financing its business operations. Meanwhile, the company has received Rs 450 crore ‘sustainable trade finance facility’ from MUFG Bank of Japan to fund its solar projects in India. This credit facility was extended for two solar projects under TP Kirnali (TPKL). TPKL is a 100 per cent subsidiary of Tata Power Renewable Energy.

Tata Power Company is India's Largest Integrated Power Company.

Peers
Company Name CMP
NTPC 317.00
Tata Power 345.00
Adani Power 196.60
Power Grid Corpn. 253.40
Adani Energy Solut. 1320.00
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