NTPC Board to Discuss Rs 120 Bn Bond Issue on Saturday

26 Jun 2024 CW Team

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.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..