Tata Power board okays raising Rs 4,500 cr via NCDs

Tata Power board on Monday approved raising of up to Rs 4,500 crore through non-convertible debentures or other debt securities in one or more currencies on a private placement basis.

The funds raised will be utilised among other things for refinancing of existing loans, an exchange filing stated.

According to the filing, the Board of Directors at its meeting held on Monday has approved issuance in one or more series/tranches, non-cumulative, redeemable, taxable, listed, and rated securities in the form of NCDs/bonds/other debt securities up to an aggregate amount not exceeding Rs 4,500 crore (Debt Securities) or its equivalent in one or more currencies on a private placement basis.


The proposal was earlier approved by shareholders at the annual general meeting held on July 4, 2025.