NTPC to issue NCDs worth ₹4,000 crore next week; check details

NTPC Ltd will issue unsecured non-convertible debentures (NCDs) worth ₹4,000 crore on a private placement basis on Tuesday, June 17, 2025, the energy conglomerate said.

The PSU stated that the NCDs, with a coupon rate of 6.89% per annum and a tenor of 10 years and one day, will mature on June 16, 2035. It further added that the debentures have been proposed to be listed on the National Stock Exchange (NSE).

NTPC will utilise the ₹4,000 crore proceeds to fund capital expenditure, refinance existing loans and other general corporate purposes, the company said in a regulatory filing on Friday.

In June 2024, the Maharathna company’s board of directors had approved raising ₹12,000 crore through the issuance of “secured or unsecured, redeemable, taxable or tax-free, cumulative or non-cumulative, non-convertible debentures” on a private placement basis in the domestic market.

NTPC’s board had said that it would raise ₹12,000 crore in one or more tranches or series not exceeding 12 before the FY26 Annual General Meeting.

The ₹4,000 crore NCD issue is the third under the proposal to raise a total of ₹12,000 crore.

NTPC March quarter earnings

The energy conglomerate reported a 22% year-on-year (YoY) surge in its consolidated net profit to ₹7,897.14 crore in the fourth quarter of FY25, compared to ₹6,490.05 crore in the corresponding period last year.

It clocked a revenue of ₹49,352.99 crore alone from the generation business in the quarter under review, up from the ₹47,088.70 crore revenue garnered from the segment in the fourth quarter of FY24.

NTPC stock performance

Shares of NTPC settled at ₹331.95 apiece, rising 0.52% on the NSE on Friday. However, the NCD issue was announced after the market closed.

The stock lost 0.27% over the week and 0.58% since the beginning of June. It slipped 7.17% so far in Q1 FY26 and 0.42% on a year-to-date basis.

It hit a 52-week low of ₹292.80 on February 17, 2025, and a high of ₹448.45 on September 24, 2024.

According to NSE data, the total market capitalisation of NTPC stood at ₹3.22 lakh crore as of June 13, 2025.