NTPC Board Approves INR 12,000 Crore Fundraising Through Domestic Bond Issuance

NTPC Limited, India’s largest state-owned power generation company, has received approval from its Board of Directors to raise up to ₹12,000 crore through the issuance of non-convertible debentures (NCDs) or bonds. The approval was granted during a board meeting held on July 24, 2026, as part of the company’s ongoing efforts to strengthen its financial resources for future funding requirements.

The proposed fundraising plan is subject to approval from the company’s shareholders. According to the official filing submitted to the stock exchanges, the bonds will be issued through private placement in the domestic market. NTPC plans to raise the funds in one or more tranches, with a maximum of 12 separate series or issuances.

The company stated that the fundraising program will remain valid for one year from the date shareholders approve the special resolution or until the conclusion of the company’s next Annual General Meeting in the financial year 2027-28, whichever occurs earlier. This provides the company with flexibility to access the debt market based on its financing needs and prevailing market conditions.

NTPC also clarified that the proposed NCDs may be issued in different forms depending on market requirements. These may include secured or unsecured instruments, taxable or tax-free bonds, and cumulative or non-cumulative structures. The company noted that key financial details, including the size of each tranche, tenure, coupon or interest rate, security structure, and listing on stock exchanges such as the BSE and NSE, will be finalized at the time of each individual issuance.

The company made the disclosure in accordance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, which requires listed companies to promptly inform stock exchanges of material corporate developments.

The official communication was signed by Ritu Arora, Company Secretary and Compliance Officer of NTPC Limited. The planned bond issuance is expected to provide the company with additional financial flexibility to support its capital expenditure plans, ongoing power and renewable energy projects, and other corporate funding requirements while maintaining a diversified financing strategy.