NTPC, India's largest power producer, received board approval to raise up to ₹12,000 crore through bonds/NCDs for projects and expansion, including renewable energy.
NTPC, India's largest power producer, received board approval to raise up to ₹12,000 crore via bonds or non-convertible debentures (NCDs) through private placement in the domestic market before the next Annual General Meeting (AGM) in 2025-26. The funds will be used for ongoing projects and future expansion initiatives, including renewable energy projects. NTPC posted a net profit of Rs 21,332 crore for the financial year ended March 31, 2024, a 25% increase over the previous year.
June 29, 2024
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