NTPC Raises Rs 800 Crores

NTPC has raised Rs. 800 crore on 23 August 2016 through private placement of secured non-convertible debentures at a coupon of 7.58% p.a. with a door to door maturity of 10 years.

The proceeds will be utilized to finance capital expenditure / refinancing the debt requirement in on-going projects including recoupment of expenditure already incurred.

NTPC Limited is an Indian PSU Public Sector Undertaking, engaged in the business of generation of electricity and allied activities.

It is a company incorporated under the Companies Act 1956 and a “Government Company” within the meaning of the act.