Tata Power raises Rs 2,000 cr through issuance of NCDs

Tata Power on Friday said it has raised Rs 2,000 crore through non-convertible debentures (NCDs) on a private placement basis.The NCDs have been issued based on the multiple return allocation methodology prescribed by the BSE and Sebi and the issue price of the NCDs has been determined accordingly, the company said in an exchange filing.

It is proposed to list the NCDs on the wholesale debt market segment of the BSE.

The committee of directors on Friday approved allotment of NCDs in two series, 1 lakh each, amounting to Rs 2,000 crore, for a tenure of three and five years respectively.

The NCDs are to be issued to identified investors on a private placement basis, subject to the terms and conditions stated in the placement memorandum for the said issue and other transaction documents.

“We would like to inform you that the coupon rate of the proposed NCDs was discovered at 7.05 per cent for Series I and 7.25 per cent for Series II on December 18, 2025 through the multiple allotment method on BSE Ltd’s Electronic Book Building Platform,” Tata Power said.

Tata Power Company Ltd is a leading integrated energy company with a diversified energy portfolio of 15.9 GW, including thermal, solar and wind energy.

The company wants to expand its capacity in the future.