After the company has raised funds up to Rs 1,000 crore through a private placement basis by allotment of 10,000 non-convertible debentures (NCDs), Tata Power Company advanced 1.53% to Rs 209. The redeemable, unsecured, taxable, rated, listed, non-convertible debentures (NCDs) on the WDM segment of BSE.

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According to the company’s statement, these NCDs will be allotted in two parts with an aggregate amount of Rs 500 crore. On 8 January 2023, series I will mature and on 29 December 2032, series II will mature, having a fixed rate with annual coupon payment.

Tata Power has a managed/ installed capacity of 14,002 MW. Across the entire power value chain, renewable and conventional power generation includes hydro and thermal energy, coal & freight, transmission & distribution trading and logistics.

On a consolidated basis, the net profit soared at  94.32% to Rs 819.09 crore on a 43.02% rise in revenue performance to Rs 14,030 crore in July- September of FY23 over July- September of  FY22.