Tata Power Plans Rs 20 Billion Bond Issue

22 Dec 2025 CW Team

Tata Power Co is set to raise Rs 20 billion through a bond issue likely to be launched on Thursday, marking its first such fundraising exercise in more than two years, according to media reports citing sources.

The proceeds will be used to refinance existing borrowings, invest in renewable energy projects and meet general corporate requirements, people familiar with the matter said.

The three-year bond, due on December 19, 2028, is expected to be priced at around 7.05 per cent, while the five-year bond, maturing on December 19, 2030, is likely to carry a coupon of about 7.25 per cent. Institutional investors, including mutual funds, insurance companies and banks, are expected to participate in the issue.

In a separate development, Tata Chemicals Ltd has raised Rs 15 billion through the private placement of non-convertible debentures.

The company allotted 150,000 listed, unsecured, rated, redeemable, taxable and non-cumulative debentures, each with a face value of Rs 100,000. The debentures carry a fixed coupon of 7.06 per cent and have a tenure of two years and 364 days.

Tata Chemicals said the debentures were issued to identified investors using multiple yield allotment methods, with the issuance approved by its internal board committee. The NCDs will be listed on the debt segment of the National Stock Exchange of India.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..