NTPC Ltd.

BSE: 532555 | NSE: NTPC
Large Cap | Power Generation/Distribution
343.50
-2.75 (-0.79%)
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NTPC gets nod to raise up to Rs 12000 crore through private placement

Date: 26-06-2023

NTPC has received approval to issue of secured/ unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures ('Bonds/NCDs') up to Rs 12,000 crore in one or more tranches/series not exceeding 12, through private placement in domestic market during the period commencing from the date of passing of special resolution till completion of one year thereof or the date of next Annual General Meeting in the financial year 2024-25, whichever is earlier.

Size, tenure, listing details (BSE and/or NSE), Coupon, Security (if applicable) and other details as applicable will be decided at the time of issue of each tranche/series. The Board of Directors of the Company in its meeting held on June 24, 2023, approved the same.  

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.