New Delhi: NTPC Limited, India’s leading power utility, has announced the issuance of unsecured non-convertible debentures (NCDs) worth Rs 4,000 crore through a private placement. The debentures will be issued on March 20, 2025, at a coupon rate of 7.26 percent per annum, with a tenure of 15 years, maturing on March 20, 2040. This information was disclosed in a regulatory filing to the stock exchanges on Tuesday.
This issuance represents the first tranche under a board resolution passed on June 29, 2024, and the subsequent shareholders’ approval obtained on August 29, 2024. The proceeds from this debenture issuance will be utilized for NTPC’s capital expenditure, refinancing of existing loans, and other general corporate purposes.
In line with its commitment to enhancing market liquidity, NTPC has confirmed that the debentures will be listed on the National Stock Exchange (NSE). The company also assured that the Debenture Trust Deed would be executed in compliance with the Companies Act and all applicable regulatory guidelines.
This strategic move to raise funds through NCDs is part of NTPC’s ongoing efforts to maintain a robust financial position and support its infrastructure development and operational expansion. By securing long-term funding, the company aims to continue its growth trajectory while meeting its investment needs and ensuring sustainable financial health.
