Tata Power Company Limited has initiated the process to raise ₹1,500 crore through the issuance of unsecured Non-Convertible Debentures (NCDs) on a private placement basis. The company will issue 1,50,000 NCDs, each with a face value of ₹1,00,000, to eligible investors. This capital raise is part of the company's ongoing financing strategy, leveraging its strong credit profile to secure long-term funding.

The debentures are unsecured, senior, redeemable, rated, listed, taxable, and non-cumulative in nature. They carry a fixed rate coupon, with the final yield to be determined through price bidding on the Electronic Bidding Platform (EBP) of the Bombay Stock Exchange of India Limited (BSE). The allotment is tentatively scheduled for July 14, 2026.

The instrument has a tenure of five years from the deemed date of allotment. Interest payments will be made annually, except for the final maturity date, when the coupon will be paid along with the principal redemption. The NCDs will be redeemed via bullet repayment at the end of the five-year period.

The securities have received an existing credit rating of "AA+/Stable" from India Ratings and Research Private Limited and CRISIL Ratings Limited. Following the allotment, the NCDs will be listed on the Debt Segment of BSE, providing liquidity to investors.

Vispi S. Patel, Company Secretary and FCS 7021, signed the disclosure on behalf of The Tata Power Company Limited on July 5, 2026. The filing was made pursuant to Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the NCD Issue

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power , commissioned the 100.8 MW Jewali Wind Project in Dharashiv district, Maharashtra, on July 3, 2026. The facility will supply electricity to Tata Power Mumbai Distribution, aiding compliance with Renewable Purchase Obligation targets and supporting the transition to sustainable energy operations.

The project utilizes 28 SG 3.6-145 Wind Turbine Generators based on horizontal-axis technology. It is expected to generate approximately 299 million units (kWh) of clean electricity annually. This generation will offset nearly 245 million kg of CO2 emissions every year, calculated at an estimated reduction of 0.82 kg of CO2 per unit of electricity generated.

With the addition of this project, TPREL's wind energy portfolio now exceeds 3.9 GW. This includes more than 1.3 GW of operational capacity, with the remaining capacity under development across states such as Rajasthan, Gujarat, Maharashtra, Andhra Pradesh, Karnataka, and Tamil Nadu.

The commissioning of the Jewali Wind Project has increased TPREL's total renewable utility capacity to 11.6 GW. Of this total, 6.7 GW is operational, comprising 5.4 GW of solar and 1.3 GW of wind capacity. A further 4.9 GW is under implementation, consisting of approximately 2.1 GW of solar, 2.6 GW of wind projects, and 0.2 GW of Battery Energy Storage Systems (BESS), expected to be commissioned in phases over the next 6-24 months.

Operational Capacity Overview

The project advances Tata Power's vision of achieving 100% clean energy generation by 2045. The Tata Power Company Limited maintains a total operational and pipeline capacity surpassing 26 GW, which includes approximately 17.5 GW of clean and green energy capacity and around 8.9 GW of thermal generation capacity.