The board of NTPC (National Thermal Power Corporation) is set to convene to discuss plans for raising up to Rs 120 billion through bonds. This strategic move aims to secure financing for the company's ongoing and future renewable energy projects, as well as other operational requirements.

The proposed bond issue is part of NTPC's broader financing strategy to fund its ambitious renewable energy expansion plans and strengthen its position in the power generation sector. It underscores the company's commitment to scaling up its renewable energy portfolio and contributing to India's renewable energy targets.

NTPC, India's largest power utility company, has been actively expanding its renewable energy capacity, focusing on solar and wind power projects across the country. The funds raised through the bond issuance will support these initiatives, facilitating the development of clean energy infrastructure and reducing carbon emissions.

The bond issue will also enable NTPC to diversify its funding sources and optimise its capital structure, ensuring financial flexibility and sustainability in its growth trajectory. It is expected to attract interest from institutional investors and contribute to deepening the corporate bond market in India.

As the board meets to deliberate on the bond issue, stakeholders and investors will closely monitor developments and the potential impact on NTPC's operational capabilities and renewable energy expansion plans. The initiative highlights NTPC's strategic approach to securing long-term financing for sustainable energy projects and advancing India's clean energy transition.