NTPC to Raise Rs 4,000 Crore via Non-Convertible Debentures

NTPC plans to raise Rs 4,000 crore by issuing non-convertible debentures on May 9, 2025. The funds will finance capital expenditure, refinance loans, and cover other corporate needs. The debentures, maturing in 2035, will carry a 6.84% annual coupon rate and will be listed on the BSE.

India's state-owned power corporation, NTPC, announced on Wednesday its decision to issue Rs 4,000 crore in non-convertible debentures. The issuance, set for a private placement on May 9, aims to support capital expenditures, refinance loans, and cover general corporate expenses, according to a regulatory document.

The debentures, described as unsecured, are scheduled to mature on May 9, 2035, carrying an annual coupon rate of 6.84%. This move is part of an ongoing financial strategy approved by the board in June 2024, with further endorsement from shareholders in August that year.

This issuance marks the second round of debentures under the approved strategy, the company noted, further stating that the debentures will be listed on the BSE post-issuance to ensure market transparency and liquidity.

(With inputs from agencies.)