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NTPC Green Energy to Raise INR 2,500 Crore Through 10-Year NCD Issue

NTPC Green Energy has announced a private placement of unsecured non-convertible debentures worth INR 2,500 crore at a coupon rate of 7.27 percent, under a board-approved fundraising programme.

July 08, 2026. By Mrinmoy Dey

NTPC Green Energy (NGEL) has announced that it will issue unsecured non-convertible debentures (NCDs) worth INR 2,500 crore through private placement on July 9, 2026.

The debentures will carry a coupon rate of 7.27 percent per annum and have a tenor of 10 years, with maturity scheduled for July 9, 2036, stated the company in a regulatory filing.

The issuance is being undertaken pursuant to the approval granted by the company's Board of Directors on May 22, 2026, and marks the first debenture issue under the approved fundraising programme.

According to the company, the proceeds from the issue will primarily be utilised to finance capital expenditure, including the refinancing and recoupment of capital expenditure already incurred. The funds may also be deployed to provide financing for capital expenditure to the company's subsidiaries and joint ventures through inter-corporate loans, in addition to meeting general corporate requirements.

The NCDs are proposed to be listed on the National Stock Exchange (NSE), subject to the completion of necessary formalities.

NGEL has already crossed the 10 GW operational RE capacity mark and has hit 10.62 GW as of June 2026.

In July 2025, the Cabinet Committee on Economic Affairs (CCEA) enhanced NTPC's investment powers, enabling NTPC Green Energy to increase investments in NTPC Renewable Energy and other subsidiaries/JVs from the earlier limit of INR 7,500 crore to INR 20,000 crore to support its 60 GW renewable energy target by 2032.

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Private placement transaction

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