Private power utility CLP India today issued bonds to raise Rs 476 crore for funding its Jhajjar thermal plant and other expansion plans.
"CLP India announced that its wholly-owned subsidiary Jhajjar Power (JPL) has issued corporate non-convertible bonds for the company's 1,320 MW coal-fired power plant in Haryana," the company said in a statement.
JPL is raising Rs 476 crore through issuance of secured, partially-guaranteed, redeemable, non-convertible debentures with final maturity of 11 years.
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Standard Chartered Bank and IDFC are the lead managers to the issue.
"At CLP India we have always looked at innovative ways to finance our projects to grow our portfolio and reinforce our commitment to the Indian power market," said Rajiv Mishra, Managing Director of CLP India.
