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Torrent Power raises Rs 600 crore through NCDs

08 Jun 2023 Evaluate

Torrent Power has raised Rs 600 crore through Series 11 -- 60000 Secured, Rated, Listed, Taxable, Non-Cumulative, Redeemable and Non-Convertible Debentures (NCDs) at a coupon rate of 8.50% p.a. vide Series 11A, Series 11B, Series 11C, Series 11D, Series 11E and Series 11F on private placement basis.

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
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