NTPC board approves Rs 12,000 crore NCD fundraising plan
NTPC Limited’s Board of Directors has approved a proposal to raise up to Rs 12,000 crore through non-convertible debentures (NCDs) in the domestic market. The proposal, approved at the Board meeting held on Friday, July 24, 2026, is subject to shareholder approval.
The fundraising gives NTPC the option to access the domestic debt market through multiple issuances over the approved period, with the structure and terms of individual tranches to be decided at the time of issuance.
Fundraising plan
NTPC plans to issue secured or unsecured, redeemable, taxable or tax-free, cumulative or non-cumulative NCDs through private placement. The proposed fundraising may be undertaken in one or more tranches comprising not more than 12 series.
The approval will cover the period beginning from the date shareholders pass the required special resolution until the completion of one year or the date of NTPC’s next Annual General Meeting in the financial year 2027-28, whichever is earlier.
The company has not yet finalised the terms of individual issuances. The size and tenor of each tranche or series, coupon rate, security structure and other applicable conditions will be determined when the respective issuance is undertaken. The NCDs may be listed on BSE and/or NSE.
Q1 performance
The fundraising approval comes as NTPC reported higher revenue and profit for the quarter ended June 2026.
Net profit increased 11.82% year-on-year to Rs 6,721.05 crore, compared with Rs 6,010.60 crore in the corresponding quarter of the previous fiscal year.
Revenue from sales rose 7.81% to Rs 50,740.96 crore during the quarter, from Rs 47,064.35 crore in Q1 FY26.
