Torrent Power Limited — Others, 27-06-2025: Security Cover Certificate

Torrent Power Limited has maintained a strong security cover of 5.53 times (market value) for its outstanding listed non-convertible debentures (NCDs), well above the required level. The security primarily consists of Property, Plant & Equipment valued at Rs 15,495.39 Cr and other tangible and intangible assets including investments, loans, inventory, and trade receivables. Some assets like capital work in progress and intangible assets are carried at book value due to lack of market valuation. The total secured debt amounts to Rs 6,353.94 Cr with the market value of secured assets at Rs 31,658.87 Cr, indicating a comfortable buffer for debenture holders. This underscores the company’s robust asset backing and improves creditor confidence.