NTPC Ltd.

NTPC has received an approval from shareholders to raise up to Rs 12,000 crore through issuance of non-convertible debentures on private placement basis. The funds to be raised in one or more tranches (not exceeding 12) will be used for capital expenditure, working capital and general corporate purposes. As the company is in capacity expansion mode, major portion of the capital expenditure requirement has to be funded by debt.

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.