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NTPC gets shareholders’ nod to raise up to Rs 18,000 crore

30 Sep 2021 Evaluate

NTPC has received shareholders’ approval to raise up to Rs 18,000 crore through the issuance of bonds or debentures. In addition to capital expenditure (capex) requirement, the company also needs to borrow for meeting its working capital needs and other general corporate purposes, which are partly proposed to be met through the issuance of non-convertible bonds.

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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