Security Name: 8.35% Torrent Power Limited 02 Jun 2028

ISIN: INE813H07234

Taxable

Tax Category

02 Jun, 2028

Maturity Date
(2 Yr 8 Mo 21 D to mature)

Yearly

Interest Payment Frequency

Yes

NRI Eligibility

02 Jun, 2022

Allotment Date

Put Date

02 Jun, 2026

Next Interest Payment Date

15 days

Shut Period

Both

Active on NSDL/CDSL

Non-Guaranteed

Type of Guarantee

Perpetual

Private Placement

Mode of Issue

Listed

Listing Details

Non Public Sector Undertaking

Type of Issuer

Quote Not Available

Dirty Price

8.35%

Coupon

Fixed Interest

Coupon Basis

Quote Not Available

Current Yield

18 May, 2026

Record Date

YOUR EARNING

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Your Investment

Final Payout

₹0

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*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)

YOUR RISK

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Security with Collateral?

An investment secured with collateral helps

ISSUER

Torrent Power Limited

TPL is engaged in the power generation and distribution business. It is a distribution licensee in Ahmedabad, Gandhinagar, Surat, Dahej SEZ, DSIR, and Dadra and Nagar Haveli and Daman and Diu; and the distribution franchisee for Bhiwandi, Agra and SMK. Its power generation plants are in Sabarmati (AMGEN, a 362-MW coal-based station) in Ahmedabad, Surat (1,147.5 MW gas-based SUGEN plant with 382.5 MW expansion), and Dahej. The renewable portfolio includes 49.6 MW wind power plant at Lalpur, 51 MW solar power plant at Charanka, 252 MW Suzlon WPP at Kutch and Bhavnagar, 50.9 MW WPP at Mahidad, and 87 MW GENSU solar power plant at Surat.

The ratio in FY25 is 1.26x and it was 2.23x in FY24, indicating decrease in the debt level due to significant decrease in the borrowings of the issuer in FY25.

Debt/EBITDA

The ratio in FY25 is 4.55x and it was 4.13x in FY24, indicating increase in the debt servicing ability of the issuer due to higher profitability from its gas-based power plants due to increased capacity utilization and favorable market conditions.

Interest coverage ratio

Torrent Power Secures 306 MW Solar Project under Maharashtra’s MMKVY 2.0 and PM KUSUM Schemes

Apr 04, 2024 | Torrent Power Limited

Torrent Power Secures 450 MW Wind-Solar Hybrid Power ₹3.65 per Unit Through Gujarat Regulatory Approval

Sep 03, 2024 | Torrent Power Limited

Torrent Power gets initial MERC nod for parallel distribution in Maharashtra

Jul 02, 2025 | Torrent Power Limited

Clean Price

Yield (YTM)

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Number of bonds

BOND VALUE DETAILS

Face Value

Market Value

Stamp Duty

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as on Invalid date

as on Sep 12, 2025

Total Investment

Cashflow for INE813H07234

Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR).

Security Name
8.35% Torrent Power Limited 02 Jun 2028

Credit Rating
AA + /Stable by CRISIL

Coupon Frequency
Yearly

Face Value
₹10,00,000

Coupon
8.350000%

YTM or YTC
YTM

Maturity Date
02/06/2028

Security
Senior Secured

No. of Bonds
1

Settlement Date

Principal Amount
₹NaN

Accrued Interest
₹0

Stamp Duty
₹0

Total Amount Payable
₹NaN

Price
₹NaN

Yield
%

Year	Payment Date	Amount	Amount after TDS	Payout Type

Quote Not Available for purchase

Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.

Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.