Tuesday 26 November 2013

Tata Power shines on plan to raise Rs 5000 crore to repay debts

Tata Power is reportedly planning to raise Rs 4000 -5000 crore through equity and debt. The company will raise the funds by FY15 largely to repay debts. The company is facing $670 million debt repayment by April 2015. The company is facing Cash flow pressure on Mundra operations losses.

Tata Power is India's largest integrated power company with a significant international presence. The Company has an installed generation capacity of 8521 MW in India and a presence in all the segments of the power sector viz. Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.

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