Security Name: 8.55% Torrent Power Limited 02 Jun 2031
ISIN:
INE813H07242
Taxable
Tax Category
02 Jun, 2031
Maturity Date
(5 Yr 9 Mo 19 D to mature)
Yearly
Interest Payment Frequency
No
NRI Eligibility
02 Jun, 2022
Allotment Date
NA
Put Date
02 Jun, 2024
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
8.55%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
18 May, 2024
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*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
Recent News
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
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE813H07242 |
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| 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). |
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| Security Name |
|---|
| 8.55% Torrent Power Limited 02 Jun 2031 |
| Credit Rating |
|---|
| AA + /Stable by CRISIL |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 8.550000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 02/06/2031 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹NaN |
| Price |
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| ₹NaN |
| Yield |
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| % |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
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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.
