PSU Power Sector Co To Consider Raising Funds Up To Rs 12,000 Cr Via NCDs, Shares Rise

State-Owned Maharatna company, NTPC Ltd in its BSE filing dated June 21 said that it is planning to raise up to Rs 12,000 crores through the issuance of non-convertible debentures. NTPC shares gained 1.14% intraday to end at Rs 186.55 per share on BSE. NTPC stock witnessed a surge of 11% YTD and 14% in last 6-months. Check details below:

NTPC To Consider Raising Funds Up To Rs 12,000 Crore Via NCDs: According to the BSE filing of the company, "In terms of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations, 2015"), it is hereby intimated that a meeting of the Board of Directors of the Company is scheduled to be held at New Delhi on Saturday, 24th June, 2023 to, inter-alia, consider for issue of secured/ unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures ("Bonds/NCDs") up to Rs.12,000 Crore, subject to approval of shareholders in the ensuing Annual General Meeting."

NTPC Stock Performance & Return: Last trading price of NTPC share is Rs 186.55 apiece. Its 52-week high price is Rs 188.65 per share and 52-week low price is Rs 135.00 per share, respectively. It has a market capitalisation of Rs 1,80,891.31 crore. NTPC shares rallied 37% in last 1-year, 59% in last 2-years, and 85% in last 3-years. In last 5-years, NTPC stock surged 43%.

NTPC Financial Outlook: Earlier in this year in May, NTPC declared its fiscal fourth quarter results and announced a profit of Rs 5,672 crore against Rs 5,618 crore in the same quarter last year. NTPC's revenue was up 20% to Rs 41,317.9 crore as against Rs 34,358 crore in the fourth quarter of FY22.

About NTPC: NTPC is India's largest power utility with an installed capacity of 72,304 MW (including JVs), plans to become a 130 GW company by 2032. Established in 1975, NTPC aims to be the world's largest and best power major. NTPC has comprehensive Rehabilitation & Resettlement and CSR policies well integrated with its core business of setting up power projects and generating electricity, according to its official website.