Security Name: 9.25% Tamil Nadu Generation And Distribution Corporation Limited 27 Mar 2027
ISIN:
INE340M08178
Taxable
Tax Category
27 Mar, 2027
Maturity Date
(1 Yr 10 Mo 1 D to mature)
Half Yearly
Interest Payment Frequency
Yes
NRI Eligibility
27 Mar, 2017
Allotment Date
NA
Put Date
27 Sep, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
9.25%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
12 Sep, 2025
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
Tamil Nadu Generation And Distribution Corporation Limited
TANGEDCO is engaged in the business of generation and distribution of power in the entire state of Tamil Nadu as a regulated monopoly. TANGEDCO also sources a significant portion of its requirement from central power sector utilities, such as National Thermal Power Corporation Limited (NTPC), Neyveli Lignite Corporation Limited (NLCIL) and Nuclear Power Corporation of India Limited (NPCIL), besides independent power producers in the state.
The ratio in FY23 20.60x and it was 27.72x in FY22, indicating decrease in debt level due to decrease in the net loss in FY 23.
Debt/EBITDA
The ratio in FY23 is 0.31x and it was 0.16x in FY22, indicating increase in debt servicing ability of the issuer due to decrease in net loss in FY 23.
Interest coverage ratio
Recent News
Salasar Techno bags orders worth ₹1,034 crore from Tamil Nadu Generation and Distribution Corp
Mar 27, 2024 | Tamil Nadu Generation And Distribution Corporation Limited
Centre gives its nod for T.N. to rename TANGEDCO
Jul 15, 2024 | Tamil Nadu Generation And Distribution Corporation Limited
At Rs 1.62 lakh crore, Tangedco has highest accumulated losses among state utilities
Dec 09, 2024 | Tamil Nadu Generation And Distribution Corporation 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 INE340M08178 |
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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 |
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| 9.25% Tamil Nadu Generation And Distribution Corporation Limited 27 Mar 2027 |
| Credit Rating |
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| A-(CE) Stable by ICRA A (CE) / Stable by IND |
| Coupon Frequency |
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| Half Yearly |
| Face Value |
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| ₹7,00,000 |
| Coupon |
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| 9.250000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 27/03/2027 |
| Security |
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| Senior Unsecured |
| 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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| ₹NaN |
| Stamp Duty |
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| ₹0 |
| Total Amount Payable |
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| ₹NaN |
| Price |
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| ₹NaN |
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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.
