NTPC Green Energy to Raise INR 1,500 Crore Through NCD Issue

NTPC Green Energy Ltd. (NGEL) has announced plans to issue unsecured non-convertible debentures (NCDs) worth INR 1,500 crore on November 11, 2025, through private placement.

The NCDs carry a coupon rate of 7.01 percent per annum with a tenor of 10 years and 1 day, maturing on November 12, 2035. This marks the first issuance under the company’s board approval dated April 29, 2025.

The funds will be utilised for capital expenditure, including refinancing and recoupment of expenses already incurred, and for providing inter-corporate loans to subsidiaries and joint ventures, besides other general corporate purposes.

The debentures are proposed to be listed on the NSE, and the Debenture Trust Deed will be executed in compliance with the Companies Act and related rules.