Torrent Power raises Rs 600 cr via non-convertible debentures – ET EnergyWorld

Torrent Power raises Rs 600 cr via non-convertible debentures – ET EnergyWorld

[ad_1]

New Delhi: torrent power has raised Rs 600 crore by issuing non-convertible debentures in the form of a private placement. “The company has issued and awarded Series 11 – 60000 Guaranteed, Qualified, Listed, Taxable, not cumulative, Redeemable and Non-Convertible Obligations (NCD) of Rs 600 crore at a coupon rate of 8.50 per cent per annum… on the basis of private placement”, a BSE presentation said.

The company issued 60,000 NCDs of Rs 1 lakh per bond which totaled Rs 600 crores. It is proposed to be listed in the Wholesale Debt Market Segment of the National Stock Exchange.

Torrent Power, with a turnover of Rs 25,694 crore, is the integrated power company of the diversified torrent group.

It is one of the largest companies in the country’s electricity sector with a presence throughout the value chain of energy generation, transmission and distribution.

Torrent Power has an aggregate installed generation capacity of 4.1 GW, which largely consists of clean generation sources such as gas (2.7 GW) and renewables (1.07 GW).

It also has a renewable capacity of 0.7 GW under development. Torrent’s growth focus in power generation continues to be on renewables.

  • Posted Jun 9, 2023 1:22 PM IST

Join the community of over 2 million industry professionals

Sign up to our newsletter for the latest insights and analysis.

Download the ETEnergyworld app

  • Get real-time updates
  • Save your favorite items


Scan to download app


[ad_2]

Leave a Comment

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *