Credit rating agency, CARE has assigned ‘AAA’ rating to NTPC’s the proposed long term bond programme for FY16 (including tax free bonds) amounting Rs 5,000 crore.
The rating takes into account the majority ownership in the company by the Government of India (GoI), its established position as India’s largest power producer with high operational efficiency of its plants and the company’s geographical diversity of power plants as well as power off-takers.
NTPC is the largest power generating company in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.
