Tata Power Raises INR1500 Crore Through 5-Year NCD Issue At 7.50% Coupon Rate

The Tata Power Company Limited has approved the allotment of Non-Convertible Debentures (NCDs) worth ₹1,500 crore through a private placement, marking another significant step in the company’s capital-raising strategy. The approval was announced on July 14, 2026, following an earlier intimation issued by the company on July 5 regarding the proposed fundraising.

The Committee of Directors approved the allotment of 1,50,000 unsecured NCDs with a face value of ₹1,00,000 each. The debentures have been issued to identified investors for cash and carry a fixed tenure of five years. According to the company, the instruments are senior, redeemable, rated, listed, taxable, and non-cumulative in nature.

The pricing of the NCD issue was determined through the Electronic Book Building Platform of BSE Limited on July 13, 2026. The issue followed the multiple yield allotment method prescribed by BSE and the Securities and Exchange Board of India (SEBI). Based on investor demand and market participation, the coupon rate for the debentures was set at 7.50%, with the final issue price being determined accordingly.

Tata Power plans to list the newly issued NCDs on the Wholesale Debt Market Segment of BSE Limited. The listing will enable institutional investors to trade these debt securities in the secondary market. The company stated that the issue has been carried out in accordance with the terms and conditions outlined in its Placement Memorandum and other related transaction documents.

The company also confirmed that the regulatory disclosure regarding the allotment has been submitted to both BSE Limited and the National Stock Exchange of India Limited (NSE). The filing was made by Company Secretary Vispi S. Patel and complies with the disclosure requirements under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The successful completion of this ₹1,500 crore debt issue reflects Tata Power’s continued access to the domestic debt capital market and its ability to raise long-term funds through institutional investors. Such fundraising initiatives provide companies with financial flexibility to support capital expenditure, refinance existing debt, and meet other corporate funding requirements. The latest NCD issuance is expected to strengthen Tata Power’s financial position while supporting its long-term business and investment plans as it continues to expand its operations across the power and renewable energy sectors.