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NTPC to raise Rs 4,374.10 crore through bonds

15 Apr 2020 Evaluate

NTPC has decided to raise Rs 4,374.10 crore on April 16, 2020 through private placement of unsecured non-convertible bonds in the nature of debentures at a coupon of 6.55% p.a. with a door to door maturity after 3 years 1 day. The proceeds will be utilized for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes.

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 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
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