<h1>Power utility approves Rs 300 crore private-placement NCDs, 3-year redeemable, senior secured, floating T-bill-linked coupon</h1> A power utility's board approved raising Rs 300 crore through 30,000 private-placement non-convertible debentures of Rs 1 lakh each, redeemable after three years and characterized as senior, secured, rated and unlisted, with a floating coupon linked to the three-month Treasury Bill rate plus 2.30% per annum and an additional 2% per annum payable on default. The company previously raised Rs 250 crore via NCDs from a bank. Its subsidiary plans a Rs 5,000 crore clean-energy investment program, including a 3 GW solar cell and module plant, battery manufacturing, a 60 MW renewable power plant and related value-chain units.