Oriana Power has approved the issuance and allotment of non-convertible debentures (NCDs) amounting to Rs 750 million. The company will issue a total of 7,500 NCDs under the offering. Each debenture will be rated, unlisted, senior, secured, redeemable, and transferable, with a face value of Rs 100,000.
The debentures will be issued through a private placement to select investors and will not be listed on any recognised stock exchange. Furthermore, the NCDs will carry a fixed coupon rate of 11.65 per cent per annum. Interest on the debentures will be paid on a monthly basis. The instrument will have a tenure of up to 48 months from the deemed date of allotment. Moreover, the maturity date of the instrument will be determined based on the final allotment and confirmed tenure.
Earlier in August 2025, Oriana Power inked an agreement for a 75 MW solar power plant with a 111.57 MWh battery energy storage system.
