NTPC board to consider raising up to Rs 12,000 crore via bonds on Saturday

New Delhi: State-owned power giant NTPC Limited announced on Tuesday that its board will meet on June 29 to consider a proposal to raise up to ?12,000 crore through the issuance of bonds.

The board of directors is scheduled to meet in New Delhi on Saturday, June 29, to consider issuing "secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures up to ?12,000 crore," subject to shareholder approval at the upcoming Annual General Meeting, according to a BSE filing.

NTPC is one of India's leading power-generating companies. The total income of the NTPC group for FY'24 was ?1,81,166 crore, compared to ?1,77,977 crore in the previous year. The profit after tax (PAT) of the group for FY'24 was ?21,332 crore, up from ?17,121 crore the previous year, marking an increase of almost 25%.

In a recent conference call with analysts, the company highlighted various capital expenditure projects, including ongoing projects and new capacity addition programs such as Flue Gas Desulphurisation (FGD) projects and renewable energy initiatives, including hydro-based projects.

In FY'24, the NTPC group incurred a capex of ?34,943 crore, compared to ?35,204 crore in the previous year.