NTPC Board to Mull Rs 120 Bn Bond Raise

28 Jun 2024 CW Team

NTPC Limited, India's largest power generation utility, is set to convene a board meeting on June 29 to deliberate on a proposal to raise funds through bonds. The state-owned company aims to secure up to Rs 120 billion through the issuance of bonds, subject to approval from its board members.

The funds raised from this bond issuance are intended to finance various ongoing and future projects within NTPC's expansive portfolio. This move aligns with NTPC's strategy to bolster its financial resources and support its ambitious growth plans in the power sector.

NTPC has been actively expanding its capacity and infrastructure to meet the increasing demand for electricity in India. The funds mobilised through the proposed bond issue will likely contribute towards funding new power projects, enhancing operational efficiency, and modernising existing facilities across the country.

The board meeting will also discuss other pertinent financial matters and strategies aimed at strengthening NTPC's market position and sustaining its operational excellence. The bond issuance, if approved, will be closely monitored to ensure alignment with market conditions and investor interest, reflecting NTPC's prudent financial management approach.

Industry analysts anticipate that the outcome of the board meeting will provide insights into NTPC's financial outlook and its strategic initiatives amidst evolving market dynamics in the power sector.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..