NTPC Board Approves Raising Up to INR 12,000 Crore Through NCDs

NTPC's Board has approved raising up to INR 12,000 crore through the private placement of non-convertible debentures (NCDs), subject to shareholders' approval.

July 25, 2026. By Mrinmoy Dey

State-owned power major NTPC has announced that the company’s Board of Directors has approved raising up to INR 12,000 crore through the issuance of non-convertible debentures (NCDs) via private placement in the domestic market.

The fundraising will be carried out through the issuance of secured or unsecured, redeemable, taxable or tax-free, cumulative or non-cumulative NCDs in one or more tranches, with a maximum of 12 series, stated NTPC in a regulatory filing.

It further added that the issuance period will commence from the date of shareholders passing the special resolution and remain valid until the completion of one year or the date of the next Annual General Meeting in FY 2027-28, whichever is earlier.

According to the company, the size, tenor, listing on BSE and/or NSE, coupon or interest rate, security, if applicable, and other terms of each tranche will be determined at the time of issuance.

In May 2026, NTPC Group crossed 90 GW of installed power generation capacity. The company also has around 32 GW of capacity under construction. NTPC’s diversified energy portfolio includes thermal, hydro, solar, and wind power projects.

In FY26, NTPC added 5,488 MW of renewable capacity across solar, wind, and Pumped Storage Projects (PSP).

NTPC has set a target of achieving 149 GW total installed capacity by 2032, including 60 GW from renewable energy sources.

In addition to power generation, NTPC has expanded into several new business areas, including e-mobility, battery storage, pumped hydro storage, waste-to-energy, nuclear power, and green hydrogen solutions.

Tags:

Business

NTPC limited

NTPC fundraise

non convertible debentures

Private placement basis

NTPC Group installed capacity

NTPC Group RE projects

NTPC Group RE Target

NTPC Group portfolio