NTPC Ltd.

BSE: 532555 | NSE: NTPC
Large Cap | Power Generation/Distribution
345.60
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NTPC plans to raise Rs 20,000 crore in FY17: Report

Date: 07-06-2016

NTPC, one of the largest power generators in the country is reportedly planning to raise around Rs 20,000 crore in the current fiscal. Out of this, Rs 6,000 crore would be raised from the overseas bond market and the remaining Rs 14,000 crore from domestic market.

Meanwhile, the company, which accounts for about a sixth of the country’s 302 gigawatt (GW) of power capacity-mostly from coal-fired plants-is reviewing its long term corporate plan to branch out more into renewable sources of energy, in line with the government’s commitment to meet 40 percent of its electricity needs from non-fossil fuels by 2030. Furthermore, the company is trying to produce 10GW of the proposed 100 GW of solar power capacity that the government has planned to install by 2022.

NTPC is an Indian central Public Sector Undertaking (PSU) under the Ministry of Power, Government of India, engaged in the business of generation of electricity and allied activities. The company also undertakes consultancy and turnkey project contracts that involve engineering, project management, construction management and operation and management of power plants.