₹18,000 crore: NTPC board seeks shareholders' nod to raise funds via bonds; check e-voting dates and other details

State-owned NTPC on Monday, June 23, issued a notice of postal ballot to seek approval of the members by way of special resolution through remote e-voting regarding raising of funds through the issue of secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures (bonds/NCDs), amounting up to ₹18,000 crore, according to a regulatory filing.

The fund will be raised in one or more tranches/series not exceeding 12 through private placement in the domestic market during the period commencing from the date of passing of the special resolution till completion of one year thereof.

On June 21, the company's board of directors considered and approved the draft notice of postal ballot in respect of seeking shareholders’ approval for the issue of these NCDs.

The company fixed June 20, 2025, as the cut-off date for the purpose of reckoning the names of members entitled to receive a postal ballot notice and voting rights.

The remote e-voting will commence on June 24 and end on July 23.

As the company is under capacity expansion mode, a major portion of its capital expenditure requirements has to be funded by debt, the notice explained.

The company borrows in the form of NCDs, rupee term loans from banks and financial institutions, foreign currency borrowings, foreign currency bonds, etc.

The NCDs are raised by the company under the public issue route or through a private placement basis.

In addition to the capital expenditure requirement, the company needs to borrow to meet its working capital requirement and other general corporate purposes, which is partly proposed to be met through the issuance of NCDs.

At the time of writing this report, shares were trading 0.36% lower at ₹334 apiece on the NSE.

NTPC: Other updates

On Sunday, June 22, NTPC said that the 245 MW power capacity at Plot-3 of Nokh solar PV in Rajasthan has become fully operational with the start of commercial electricity supply from the second and last part of 52 MW.

The first part capacity of 193 MW started commercial operation on June 9, 2025, according to a regulatory filing.

Consequent upon successful commissioning, the second and last part capacity of 52 MW out of 245 MW capacity at Plot-3 of NTPC's Nokh Solar PV Project (3x245 MW), Rajasthan, is declared in Commercial Operation with effect from 00:00 hours of June 22, 2025, the filing stated.

With this, the total standalone and group commercial capacity has now become 60,318 MW & 81,420 MW, respectively, it stated.