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NTPC Ltd.
BSE: 532555 | NSE: NTPC
Large Cap | Power Generation/Distribution
346.25
-2.90 (-0.83%) NTPC eyeing to raise Rs 500 crore via bonds
Date: 13-01-2012National Thermal Power Corporation (NTPC) is planning to raise around Rs 500 crore through private placement of bonds. The company will invite bids for the bonds today on January 13, 2012.
The state-run power producer plans to raise funds through 10-year vanilla bond, and 15-year bonds with redemptions starting from the 11th to 15th year.
Recently, the company had received board’s approval to invest in Kudgi Super Thermal Power Project (3 X 800 MW) to be implemented in the state of Karnataka at an appraised current estimated cost of Rs 15,166.19 crore subject to environmental clearance of Ministry of Environment and Forests (MOEF).