Hot Pursuit     22-Jun-23
NTPC board to mull raising upto Rs 12,000 cr
The state-run power major announced that its board will meet on Saturday, 24 June 2023 to consider raising funds by issuing non-convertible debentures (NCDs) up to Rs 12,000 crore

The funds would be raised through issuance of secured/ unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures (bonds/NCDs), subject to approval of shareholders in the ensuing annual general meeting.

NTPC is India's largest energy conglomerate. It has presence in the entire value chain of the power generation business. As on 30 September 2022, the Government of India holds 51.10% in NTPC.

The company recorded 1% rise in standalone net profit to Rs 5,672.32 crore on a 21.8% increase in total income to Rs 43,399.15 crore in Q4 FY23 as compared with Q4 FY22.

Shares of NTPC were down 0.37% to Rs 186.80 on the BSE.

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