NTPC board approves fundraising worth ₹18,000 crore via NCDs; check details

Energy conglomerate NTPC Ltd announced that its board of directors has considered and approved raising ₹18,000 crore in funds through the issuance of non-convertible debentures (NCDs) in its meeting held on Saturday, June 21.

The ₹18,000 crore in funds will be raised through the issue of “secured or unsecured, redeemable, taxable or tax-free, cumulative or noncumulative, non-convertible debentures”, NTPC said in a regulatory filing.

The funds will be raised in tranches of one or more, although not exceeding 12, on a private placement basis, the company further stated. Furthermore, the size, tenure, listing details, coupon, security, and other details will be decided at the time of issuing each tranche or series.

The company will issue the NCDs in tranches commencing from the date of passing the special resolution until completion of one year thereon, subject to shareholder approval, NTPC added.

The board further fixed Friday, June 20, 2025, as the cut-off date to reckon the names of members entitled to receive the postal ballot notice and voting rights.

On Tuesday, June 17, the company issued NCDs worth ₹4,000 crore on a private placement basis on the National Stock Exchange (NSE). The NCDs had a coupon rate of 6.89% per annum and a tenor of 10 years and one day.

NTPC stock performance

Shares of NTPC closed in the green at ₹334.20 apiece, up 1.26% on the NSE on Friday.

The stock surged 0.98% over the week and 0.39% since the beginning of June. The scrip has lost 6.26% so far in the first quarter of FY26 but gained 0.55% on a year-to-date basis.

It reached a 52-week low of ₹292.80 on February 17, 2025, and a high of ₹448.45 on September 20, 2024.

NTPC Ltd has a total market capitalisation of ₹3.24 lakh crore, as of June 21, 2025, as per the data on the NSE.