State-owned power producer NTPC announced recently that its board has approved a proposal to raise up to INR 12,000 crore ($1,438.23 million) through the issuance of bonds and non-convertible debentures (NCDs).
To finance new and ongoing schemes of expansion, NTPC has made various issues of bonds on both public and private placement basis from time to time. It will issue bonds/NCDs up to INR 12,000 crore through private placement in the domestic market.
In an exchange filing, NTPC said, “[its] Board of Directors has approved the issue of secured/unsecured, redeemable, taxable/taxfree, cumulative/non-cumulative, non-convertible debentures (bonds/NCDs) up to INR 12,000 crore in one or more tranches/series not exceeding 12, through private placement in domestic market during the period commencing from the date of passing of special resolution till completion of one year thereof or the date of next Annual General Meeting in the financial year 2025-26, whichever is earlier.”
“The size, tenure, listing details (Bombay Stock Exchange and/or National Stock Exchange), coupon, security (if applicable) and other details as applicable will be decided at the time of issue of each tranche/series,” it added.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.