NTPC Approves ₹12,000 Cr NCD Issue to Bolster Financial Position
NTPC, the state-run power giant, is set to raise up to ₹12,000 crore through the issuance of non-convertible debentures (NCDs), a move aimed at bolstering its financial position.
NTPC Board Approves ₹12,000 Cr NCD Issue
The Board of Directors of NTPC, at its meeting held on Friday, July 24, 2026, approved the issue of non-convertible debentures up to ₹12,000 crore through private placement in the domestic market.
The issuance period will commence 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.
Key Details of the NCD Issue
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’s Financial Performance in Q1 FY 2027
- NTPC Group’s installed capacity has increased to 90,904 MW as on June 30, 2026, from 82,646 MW as on June 30, 2025.
- The company’s group installed capacity addition was 1796 MW in the first quarter of this fiscal.
- Commercial power generation rose to 93.63 billion units (BU) in the quarter from 91.06 BU in the same period a year ago.
- The company maintained a plant load factor (PLF or capacity utilisation) of 76.71 per cent at coal-based plants in the quarter, up from 75.16 per cent a year ago.
- The all-India PLF was 70.32 per cent at coal-based plants in the first quarter.
- The average tariff was ₹4.86 per unit in the quarter compared to ₹4.87 per unit a year ago.
Key Takeaways
- NTPC is set to raise up to ₹12,000 crore through the issuance of non-convertible debentures (NCDs).
- The company’s installed capacity has increased to 90,904 MW as on June 30, 2026.
- Commercial power generation rose to 93.63 billion units (BU) in the quarter from 91.06 BU in the same period a year ago.
FAQs
What is the purpose of NTPC’s NCD issue?
The purpose of NTPC’s NCD issue is to raise up to ₹12,000 crore through the issuance of non-convertible debentures (NCDs), a move aimed at bolstering its financial position.
When will the issuance period commence?
The issuance period will commence 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.
What is the company’s installed capacity as on June 30, 2026?
NTPC Group’s installed capacity has increased to 90,904 MW as on June 30, 2026, from 82,646 MW as on June 30, 2025.
Conclusion
NTPC’s move to raise up to ₹12,000 crore through the issuance of non-convertible debentures (NCDs) is a strategic step aimed at bolstering its financial position. As the company continues to expand its installed capacity and improve its operational efficiency, investors are likely to take note of this development. With a strong track record of financial performance, NTPC is well-positioned to navigate the challenges of the power sector and emerge as a leader in the industry.
