NTPC rises on planning to raise Rs 1,500 crore via issuance of NCDs

20 Mar 2024 Evaluate

NTPC is currently trading at Rs. 314.20, up by 0.80 points or 0.26% from its previous closing of Rs. 313.40 on the BSE.

The scrip opened at Rs. 315.25 and has touched a high and low of Rs. 317.55 and Rs. 308.30 respectively. So far 169575 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 360.35 on 06-Mar-2024 and a 52 week low of Rs. 166.65 on 20-Apr-2023.

Last one week high and low of the scrip stood at Rs. 327.00 and Rs. 305.80 respectively. The current market cap of the company is Rs. 304426.83 crore.

The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 45.86% and 3.05% respectively.

NTPC has planned to issue unsecured non-convertible debentures (NCDs) of Rs 1,500 crore on March 21, 2024, through private placement at a coupon of 7.48% p.a. for a tenor of 2 years, maturing on March 21, 2026. The proceeds will be utilized for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes.

The debentures are proposed to be listed on BSE. Debenture Trust Deed will be duly executed as per the requirements of and within the period of time prescribed under the Companies Act and rules specified therein. 

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.
 


NTPC Share Price

358.90 -1.10 (-0.31%)
31-May-2024 16:01 View Price Chart
Peers
Company Name CMP
NTPC 358.90
Tata Power 436.80
Power Grid Corp 309.45
Adani Power 756.65
Torrent Power 1516.25
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