NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Limited, has announced the issuance of unsecured non-convertible debentures (NCDs) worth ₹1,500 crore through a private placement.
According to a corporate disclosure filed with the National Stock Exchange (NSE) and the BSE, the debentures carry a coupon rate of 7.01% per annum and have a tenure of 10 years and 1 day, maturing on 12 November 2035. The issuance, scheduled for 11 November 2025, marks the first tranche under the board approval dated 29 April 2025.
The company stated that the proceeds will be used to finance capital expenditure, including refinancing and recoupment of investments already made. Additionally, the funds will support capital expenditure requirements of NGEL’s subsidiaries and joint ventures through inter-corporate loans, and be utilized for general corporate purposes.
The NCDs are proposed to be listed on the National Stock Exchange (NSE). NTPC Green Energy further noted that a Debenture Trust Deed will be executed in compliance with the Companies Act and applicable rules within the stipulated timeframe.
Headquartered at the NETRA Complex in Greater Noida, NTPC Green Energy Limited spearheads NTPC Group’s renewable energy initiatives. The company focuses on accelerating the transition to sustainable and clean power generation by expanding its portfolio in solar, wind, and hybrid energy projects.
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