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NTPC raises Rs 500 crore via private placement of secured NCDs

12 Dec 2015 Evaluate

NTPC has raised Rs 500 crore through private placement of secured non-convertible debentures (NCDs) at a coupon of 8.19% with a 10 year door to door maturity on December 10, 2015. The proceeds will be mainly utilized to finance capital expenditure of the company.

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.

Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
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