NTPC to raise funds worth Rs 3,056.50 crore through bonds

30 Apr 2019

NTPC has decided to raise Rs 3,056.50 crore on May 3, 2019 through private placement of secured non-convertible bonds in the nature of debentures at a coupon of 7.93% p.a. with a door to door maturity of 3 years. The proceeds will be utilized inter alia, used to part meet the capex requirement, refinancing of existing loans, working capital and other general corporate requirements. The bonds are proposed to be listed on both NSE & BSE. Security for these bonds will be duly created 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.

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