NTPC Ltd.

NTPC is seeking shareholders’ approval to raise around Rs 13,000 crore through issue of securities. The proceeds would be mainly used for capital expenditure as the company is ‘under a rapid capacity expansion mode’.

The amount could be raised in one or more tranches, through private placement, in domestic and or in international markets. It would be valid for one year from the date of getting shareholders’ nod or till the date of annual general meeting (in 2015-16 fiscal) whichever is earlier.

The fund raising proposal was approved by NTPC board during its meeting held on July 11. NTPC projects are generally funded by debt and equity in the ratio of 70:30.

NTPC is the largest power generating company in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.