Tata Power plans to raise $450 million by issuing corporate hybrid securities, revising its target upwards from $300-400 million, and may be used for securing long-term coal supplies and repaying debt.
Tag: debt
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GMR raises Rs 520 cr debt
GMR Infrastructure has raised Rs 520 crore as debt from India Infrastructure Finance Co (IIFCL) for modernising the Delhi International Airport.
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IFC pledges $300 million for India's green energy
International Finance Corporation has pledged $300 million for the development of renewable energy projects in India with a mix of equity and debt over the next three years.
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DVC likely to mop up Rs 640 cr thru bond issue
Damodar Valley Corporation (DVC) will enter the domestic debt market with a seven-year bond issue to mop up Rs 640 crore through book building method to part fund a number of generation and transmission and distribution projects.