NTPC to raise Rs 2000 crore

26 Apr 2017 Evaluate

NTPC, the state-owned power generator, has launched an issue of Rs 2000 crore notes due 2022 priced on April 25, 2017. The Notes carry a coupon of 7.25% per annum payable annually. The Notes will mature on May 3, 2022 and all INR principal and interest payments will be made in U.S. Dollars. The Notes are expected to be settled by May 3, 2017. The Notes represent direct, unconditional and unsecured obligations of the Issuer and will rank pari passu among themselves and all other unsecured obligations of the Issuer.

The Notes will be listed on the Singapore and the London stock exchanges. The net proceeds from each issue of Notes will be applied by the Issuer to finance capital expenditure of ongoing and/or new power projects and renovation and modernization of power stations of the Issuer in accordance with applicable law and will not be used for projects outside India.

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.

NTPC Share Price

335.95 5.30 (1.60%)
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Company Name CMP
NTPC 335.95
Tata Power 394.15
Power Grid Corp 277.05
Adani Power 533.70
Torrent Power 1343.00
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