State-run power major NTPC Ltd on Friday said its board has approved a proposal to raise up to Rs 12,000 crore through the issuance of non-convertible debentures (NCDs) in the domestic market, subject to shareholders’ approval.
The fundraising approval came after the company’s board meeting held today, where it also considered and approved the earnings for the quarter ended June 30, 2026 (Q1 FY27).
In an exchange filing, NTPC said the proposed fundraising will be undertaken through the issue of secured or unsecured, redeemable, taxable or tax-free, cumulative or non-cumulative NCDs, in one or more tranches.
The company plans to raise the amount through private placement in the domestic market, with the issuance to be completed in up to 12 tranches or series.
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According to the regulatory filing, the fundraising programme will remain valid from the date shareholders approve the special resolution until the completion of one year or the date of the company’s next Annual General Meeting in FY28, whichever is earlier.
The PSU further stated the size, tenor, coupon rate, security structure and listing details for each tranche will be decided at the time of issuance. The debentures may be listed on BSE and/or NSE, depending on the specific tranche.
“…we wish to inform that the Board of Directors of the Company, at its meeting held on Friday, 24th July 2026, has, subject to approval of shareholders, approved the issue of secured/unsecured, redeemable, taxable/tax-free, cumulative/noncumulative, non-convertible debentures (“NCDs Bonds”) up to Rs.12,000 Crore, in one or more tranches/series not exceeding 12 (twelve), through private placement in the domestic market during the period commencing from the date of passing of the special resolution until completion of one year thereof or the date of the next Annual General Meeting in the financial year 2027-28, whichever is earlier. The size, tenor, listing details (BSE and/or NSE), coupon/interest rate, security, if applicable, and other applicable details will be decided at the time of issue of each tranche/series,” NTPC said in an exchange filing.
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NTPC Q1 FY27 results (Consolidate YoY)
- Revenue at Rs 50,741 cr in Q1 FY27 vs Rs 47,064 cr in Q1 FY26, up 7.8% YoY
- Profit at Rs 6,721 cr in Q1 FY17 vs Rs 6,010 cr in Q1 FY26, up 11.8% YoY
- EBITDA at Rs 16,231 cr in Q1 FY27 vs Rs 12,579 cr in Q1 FY26, up 29% YoY
- EBITDA margin at 32% in Q1 FY27 vs 26.7% in Q1 FY26
