State-run power generation utility NTPC is reportedly planning to raise Rs 2,500 crore via issue of tax-free bonds this fiscal to fund its capital expenditure needs. This bond issue will be the first of the Rs 50,000 crore tax-free infrastructure bonds that the government has proposed to issue during the Union Budget 2013-14.
The company has approached the government for permission to issue the bonds with maturity periods ranging from 10-20 years due to the long time power projects take to build.
The company, which expects to incur a capital expenditure of Rs 20,200 crore in 2013-14 on various heads, expects to fund Rs 7,959 crore of this amount from internal resources and raise debt of Rs 12,241 crore. The bonds would form part of the debt component.
Company Name | CMP |
---|---|
NTPC | 365.40 |
Tata Power | 436.30 |
Power Grid Corp | 313.35 |
Adani Power | 635.75 |
Torrent Power | 1382.10 |
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