NTPC Ltd.

NTPC has received its shareholders’ approval to raise Rs 15,000 crore via non-convertible bonds on private placement basis. The company will use the issue proceeds for capex, working capital and other corporate purposes. The special resolution, listed on the agenda of the annual general meeting held, was passed by the requisite majority. Besides, the shareholders also approved the proposal to confirm payment of interim dividend and declare the final dividend for 2016-17.

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.