NTPC Board to Mull Rs 120 Bn Bond Raise
POWER & RENEWABLE ENERGY

NTPC Board to Mull Rs 120 Bn Bond Raise

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.

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.

Next Story
Building Material

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Next Story
Real Estate

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

Next Story
Infrastructure Energy

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?