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NTPC to seek shareholders’ nod to raise Rs 15,000 crore through bonds

22 Jul 2019 Evaluate

NTPC is planning to seek shareholders' approval to raise Rs 15,000 crore through issuance of bonds or debentures on private placement basis in domestic market, in next AGM scheduled to be held on August 21, 2019. The funds raised will be used for capex, working capital and general corporate purposes.

The company will also seek shareholders' approval to increase borrowing limit from Rs 1.5 lakh crore to Rs 2 lakh crore.

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.

Peers
Company Name CMP
NTPC 320.50
Tata Power 348.90
Adani Power 198.45
Power Grid Corpn. 256.60
Adani Energy Solut. 1353.15
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