Torrent Power has raised Rs 20 billion through the private placement of secured, non-convertible debentures (NCDs). The issue comprises 200,000 NCDs, each with a face value of Rs 100,000 and a coupon rate of 7.97 per cent per annum. The securities are series 14 secured, rated, listed, taxable, non-cumulative, redeemable, and non-convertible debentures. The issuance has been undertaken through a private placement.
The debentures include Rs 6.8 billion under series 14A, Rs 6.75 billion under Series 14B, and Rs 6.45 billion under Series 14C. These have tenors of 8, 9, and 10 years, respectively. Additionally, the debentures will be listed on the wholesale debt segment of the National Stock Exchange of India.
Earlier in June 2025, Torrent Green Energy Private Limited, a subsidiary of Torrent Power, secured a letter of award for the development of a 300 MW wind power project.
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