The move will also help Embassy Office Park REIT
The NCDs will carry a coupon rate of 9.15 per cent, payable annually. The debt obligations of CGPL under the NCDs are guaranteed by the company, Tata Power said in a BSE filing
In a Q&A, Sanjay Banga dwells on the steps his company has taken to improve billing even as it has surplus power tied up
Total income of the company in the fourth quarter was Rs 7,416.89 crore compared to Rs 7,281.02 crore a year ago
Tata Power's debt laden and stranded power asset at Mundra (Gujarat) is viewed as the trigger for the company to abjure fresh coal-fired capacities
Amid large scale stressed energy assets on block, the order can set pan India precedent
The firm has strict terms on coal supply, PPAs and quality of assets, and is being cautious about green energy projects as well
Seven analysts on an average expected the company to post a profit of Rs 3.95 billion
It would also to partner other entities, such as malls, metro rail stations, hospitals, hotels, etc, beside own franchisees
The renewable portfolio is expanding, we keep on bidding regularly, said the CEO
Tata Power said its board has also approved plan to raise up to Rs 55 billion through issuance of NCDs on a private placement basis
The company expects the refinancing will help reschedule the cash requirements, pare the effective interest cost and reduce foreign exchange related volatility for the Mundra subsidiary
Firm expects the refinancing to help reschedule cash requirements, pare effective interest cost apart and reduce forex-related volatility for Mundra subsidiary
Tata Power's net debt to equity ratio improved to 2.26 in the June quarter against 3.10 seen in the same period a year back
The company sold investments in Tata Communications Ltd and Panatone Finvest Ltd, netting an exceptional gain of Rs 18.97 billion during the quarter
The company has said previously it expects as much as half of its capacity to be based on non-fossil fuels by 2025 compared to 30% now
For the 2017-18, the company's consolidated net profit stood at Rs 26.79 billion, against Rs 10.99 billion in the previous financial year
This deals would, however, give Rs 43.85 bn against Tata Power's consolidated debt of Rs 489.82 bn
SED is a non-core defence electronics division of the company, engaged in business of indigenous design, development, production, integration, supply and life cycle support of mission critical defence
The company also reported deferred tax to the extent of Rs 2.72 bn on indexation benefit