Torrent Power has received an approval from shareholders to raise up to Rs 3,000 crore through issuance of non-convertible debentures on private placement basis. The shareholders also approved the resolution for enhancement of borrowing limits up to Rs 25,000 crore from Rs 20,000 crore.
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.