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Torrent Power gets shareholders' nod to raise funds up to Rs 3,000 crore

11 Aug 2023 Evaluate

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.


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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