NTPC Seeks Shareholders’ Nod to Raise ₹18,000 Crore via Bonds for Expansion

State-run power giant NTPC Ltd is planning to raise up to ₹18,000 crore by issuing non-convertible debentures (NCDs) or bonds on a private placement basis in the domestic market. The proposal is part of the company’s broader strategy to support its ongoing expansion and meet capital needs.

Postal Ballot and Shareholder Approval

The company has issued a postal ballot notice seeking shareholder approval through a special resolution via e-voting, which will take place between June 24 and July 23, 2025. The cut-off date for shareholders to be eligible to vote was set as June 20, 2025.

Fundraising Details

• The total fundraising amount is ₹18,000 crore.
• The funds may be raised in up to 12 tranches or series within one year from the date of approval.
• The bonds may be secured or unsecured, taxable or tax-free, and cumulative or non-cumulative.

Purpose of the Fundraising

NTPC is in a capacity expansion mode, requiring large capital investments. The funds will be used for:

• Capital expenditure (capex)
• Loan refinancing
• Working capital needs
• Other general corporate purposes

The company usually raises debt through various channels like public issues, private placements, bank loans, and foreign currency bonds.

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About NTPC 

NTPC (National Thermal Power Corporation) Ltd, along with its subsidiaries, associates, and joint ventures, primarily focuses on generating and supplying bulk electricity to state power utilities. In addition to power generation, the group is also engaged in consultancy services, project management and supervision, energy trading, coal mining, and oil & gas exploration activities.

On June 23, NTPC share price closed at ₹333, marking a decline of 0.78% from the previous trading session.

Conclusion

NTPC’s plan to raise ₹18,000 crore through bonds highlights its focus on scaling operations and managing financial requirements efficiently. With strong backing and structured planning, the company aims to maintain its leadership in India’s power sector while preparing for future growth.

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