NTPC has decided to raise Rs 1,072.50 crore through private placement of secured non-convertible debentures (NCDs) at a coupon of 8.10% per annum with a door to door maturity of 15 years on May 27, 2016. The proceeds will be utilized to finance capital expenditure / refinancing the debt requirement in on-going projects including recoupment of expenditure already incurred.
NTPC is an Indian central Public Sector Undertaking (PSU) under the Ministry of Power, Government of India, engaged in the business of generation of electricity and allied activities. The company also undertakes consultancy and turnkey project contracts that involve engineering, project management, construction management and operation and management of power plants.
