NTPC Limited, India’s largest power generation company, is set to raise Rs. 4,000 crore through unsecured, non-convertible debentures (NCDs) on May 9, 2025. This marks the second tranche of a broader fundraising plan approved by the board and backed by shareholder consent secured on August 29, 2024.
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According to the company’s regulatory filing on Tuesday, the NCDs will carry a fixed coupon rate of 6.84 percent per annum and are scheduled to mature on May 9, 2035. The debt securities will be issued through private placement and are proposed to be listed on the Bombay Stock Exchange (BSE).
NTPC clarified that the proceeds from this issuance will be allocated towards capital expenditure, refinancing of existing loans, and other general corporate needs. The move is part of NTPC’s comprehensive financial strategy aimed at supporting its ongoing capacity expansion while improving its cost of capital.
As India intensifies its shift towards cleaner energy, NTPC has ramped up investments in both conventional thermal power and emerging renewable energy assets. This capital-raising effort is critical to meeting the company’s ambitious growth plans and ensuring a robust financial structure.
The company confirmed that the debenture trust deed for this issue will be executed in compliance with the provisions of the Companies Act and applicable rules within the designated timeframe.
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