UP POWER CORPORATION LIMITED

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Invest in Gold Loan Backed Bonds from Muthoottu Mini Financiers Ltd.

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Invest in Gold Loan Backed Bonds from Muthoottu Mini Financiers Ltd.

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Returns (YTM)

8.4%

Min. Investment

₹ 10,45,872.6

Remaining Tenure

3Y 3M

Payment Terms

Quarterly

Highlights

Credit Rating

CRISIL A+/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

About Issuer

Uttar Pradesh Power Corporation Limited (UPPCL) is a state-owned utility responsible for electricity distribution and retail supply across Uttar Pradesh. It manages the purchase and sale of power to consumers, ensuring that households and businesses receive stable electricity. UPPCL oversees sectors like billing, meter reading, and customer service, aiming to make power distribution reliable and efficient. With a vision to deliver quality energy affordably, the company emphasizes cost-efficient operations and consistent availability of electricity for its large consumer base.

Total Annual Revenue

67865 Cr (FY 2020-21)

Year of Inception

1999

Industry

State Govt Backed

Head Office

LUCKNOW

Type of Issuer

PSU

Current MD/CEO

Shri Pankaj Kumar

Credit Rating / Outlook

A+ STABLE

CRISIL

Rating Rationale

Rating Date: 21-May-2025

A+ STABLE

IND

Rating Rationale

Rating Date: 20-Jun-2025

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with A credit rating are considered to have an adequate degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry low credit risk.
Stable Outlook suggests that the rating is unlikely to change significantly in the near to medium term, indicating a stable credit profile of the issuer.

Other Important Details & Disclosures

Issuer Name

UP POWER CORPORATION LIMITED

Security Name

9.95% UP POWER CORPORATION LIMITED Secured Rated Listed NCD Maturity 30-Mar-2029

ISIN

Copy

INE540P07483

Face Value

₹ 10,00,000

Coupon Rate

9.95%

Coupon Type

FIXED

Payment Terms

Quarterly

Maturity Date

30-Mar-2029

Clean Price

₹ 104.56

Dirty Price

₹ 104.59

Current Yield

9.5161%

Yield to Maturity

8.3954%

Mode of Issue

Private Placement

Date of Issue

7-Oct-2022

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Beacon Trusteeship Ltd

7A & B, Siddhivinayak Chambers, Gandhi Nagar, Opp MIG Cricket Club, Bandra East,Mumbai 400051

Registrar Details

Beetal Financial & Computers Services Pvt. Ltd.

99, Madangir, Behind Local Shopping Centre Near Dada, Harsukhdas Mandir New Delhi 110062

Looking For More Information ?

Download Prospectus

Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: Beetal Financial & Computers Services Pvt. Ltd. 99, Madangir, Behind Local Shopping Centre Near Dada, Harsukhdas Mandir New Delhi 110062

Unit

Investment Amount

₹ 10,45,872.6

Total Returns

₹ 2,39,731.09

Total Receivable

₹ 12,85,603.69

Cashflow Timeline

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FAQs about UP POWER CORPORATION LIMITED bonds

How to buy this UP POWER CORPORATION LIMITED bond online?

You can invest in bonds online in under 5 minutes. To buy UP POWER CORPORATION LIMITED bond online follow the steps below:

Login/signup at GoldenPi
Upload your documents online to complete the KYC
Pay online via payment gateway and receive bond units in your demat account

What is the yield of this UP POWER CORPORATION LIMITED bond?

8.3954% is the current yield of this UP POWER CORPORATION LIMITED bond. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this UP POWER CORPORATION LIMITED bond is 8.3954%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this UP POWER CORPORATION LIMITED bond?

To redeem this UP POWER CORPORATION LIMITED bond, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this UP POWER CORPORATION LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this UP POWER CORPORATION LIMITED bond tax-free?

No, this UP POWER CORPORATION LIMITED bond is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this UP POWER CORPORATION LIMITED bond before the maturity date?

Yes, it is possible to sell this UP POWER CORPORATION LIMITED bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

Need Help?

Talk to our Support Team for free. We will help you through your investment journey.

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Cashflow Timeline

Timeline

Total Receivable*

Net Receivable**

2026

₹ 99,500

₹ 89,550

31 Mar	Interest ₹ 24,534.25	Interest ₹ 22,080.82
30 Jun	Interest ₹ 24,806.85	Interest ₹ 22,326.16
30 Sep	Interest ₹ 25,079.45	Interest ₹ 22,571.51
31 Dec	Interest ₹ 25,079.45	Interest ₹ 22,571.51

2027

₹ 99,500

₹ 89,550

2028

₹ 8,30,401.98

₹ 8,22,361.78

2029

₹ 2,56,201.71

₹ 2,55,581.54

* The interest amount is paid as per total invested face value (₹ 1000000) and annual coupon rate of 9.95%. When the bond enters the staggered maturity cycle, it will be calculated based on the outstanding face value.

** The net interest receivable is after 10% TDS for Indian Residents. However for NRI 30% TDS is deducted. The deducted TDS can be claimed while filing ITR.

Highlights

About Issuer