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

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..