The proposal includes secured or unsecured, taxable or tax-free, redeemable, non-convertible debentures (NCDs), subject to shareholder approval.
The fundraising plan comes just days after NTPC announced it would issue ₹4,000 crore worth of non-convertible debentures
on June 17 via private placement. These NCDs carry a coupon rate of 6.89% per annum for a tenor of 10 years and one day, maturing on June 18, 2035.
The company said the funds would be used for capital expenditure, refinancing of existing loans, and general corporate purposes. The instruments are proposed to be listed on the National Stock Exchange (NSE).
Separately, NTPC last week completed the trial operations of Unit-3 (660 MW) at its North Karanpura Super Thermal Power Project in Jharkhand. With this, the company’s total installed capacity now stands at 81,368 MW on a group basis and 60,266 MW standalone. The coal-based power project, located in Chatra district, consists of three units of 660 MW each.
On the financial front, NTPC reported a 22.6% quarter-on-quarter rise in consolidated net profit at ₹5,778 crore for the fourth quarter of FY24, slightly below CNBC-TV18’s estimate of ₹5,810 crore.
Revenue stood at ₹43,903.7 crore, up 6% sequentially, but also missed estimates. Operating performance was weaker, with EBITDA falling 6% QoQ to ₹11,255 crore, while operating margins slipped to 25.6% from 28.9%.
The company also declared a final dividend of ₹3.35 per share, in addition to two interim dividends of ₹2.50 each paid earlier in the financial year.
Ahead of the board announcement, shares of NTPC Ltd closed at ₹333.75, up ₹1.75 or 0.53% on the BSE.
