NTPC Gets Shareholders' Nod To Raise Up To Rs 12,000 Cr Via Bonds

Business Standard

Topics

NTPC | non-convertible debentures | equity fundraising

Press Trust of India  |  New Delhi 

The state government holds a 26.85 per cent stake in SJVN, which owns and operates 2 GW of hydro power projects

NTPC has got shareholders' approval to raise up to Rs 12,000 crore through issuance of non-convertible debentures on private placement basis.

The resolution was passed with requisite majority in the annual general meeting held on Tuesday.

The funds to be raised in one or more tranches (not exceeding 12) will be used for capital expenditure, working capital and general corporate purposes, as per the notice for the AGM.

As the company is in capacity expansion mode, major portion of the capital expenditure requirement has to be funded by debt.

The company's board approved the proposal on July 29, 2022.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, August 31 2022. 13:49 IST

';$('#story-newsss .item a').each(function(i){var atext=$(this).text();var aurl=$(this).attr('href');gethtml+='';});gethtml+='
';$("#story-news").html(gethtml);setTimeout(function(){$(".story-slider").slick({dots:false,infinite:true,prevArrow:".slick-prev",nextArrow:".slick-next",arrows:true,slidesToShow:2,slidesToScroll:2,})},500);}}});$.ajax({url:'/request-handler/get-latest-articles/catId/101/cache-control/1800',async:true,success:function(data){$("#next-prev").html(data);var owl=$("#next-prev");if(data!=''){var checkIdExists=$(".more-stories-pagination.disNone div").hasClass("latestArticleId-122083100387");if(checkIdExists){$(".latestArticleId-122083100387").remove();}else{$(".latestArticleLastId").remove();}$(".more-stories-pagination.disNone").show();}if(owl.owlCarousel){owl.owlCarousel({items:2,itemsDesktop:[980,2],itemsDesktopSmall:[900,2],itemsTablet:[360,2],itemsMobile:false});}$(".next").click(function(){owl.trigger('owl.next');});$(".prev").click(function(){owl.trigger('owl.prev');});$(".play").click(function(){owl.trigger('owl.play',1000);});$(".stop").click(function(){owl.trigger('owl.stop');});}});function unFollowColumnist(){var author_id='0';var userInfo=decodeURIComponent(getCookie('_userLoggedIn'));var isPaidUser="N";if(userInfo!=null&&userInfo!='undefined'){var userType=JSON.parse(userInfo);if(userType!=null&&userType!='undefined'&&userType.s!='undefined'&&userType.s=='t'){isPaidUser="Y";}else{isPaidUser="N";}}if(author_id!=''){if(confirm("Are you sure to unfollow this columnist!")==true){$.ajax({url:'/request-handler/article/unmap-user-columnist',type:'post',data:{'authorId':author_id,'isPaidUser':isPaidUser},success:function(msg){if(msg=='success'){location.reload();return false();}else{message='Please try again';alert(message);return false();}}});}}else{alert("Invalid columnist request!");return false();}}function followColumnist(){var author_id='0';var userInfo=decodeURIComponent(getCookie('_userLoggedIn'));var isPaidUser="N";var isLoggedIn="N";if(userInfo!=null&&userInfo!='undefined'){var userType=JSON.parse(userInfo);if(userType!=null&&userType!='undefined'&&userType.s!='undefined'&&userType.s=='t'){isPaidUser="Y";isLoggedIn="Y";}else if(userType!=null&&userType!='undefined'){isPaidUser="N";isLoggedIn="Y";}}if(isLoggedIn=="Y"){if(author_id!=''){$.ajax({url:'/request-handler/article/map-user-columnist',type:'post',data:{'authorId':author_id,'isPaidUser':isPaidUser},success:function(msg){if(msg=='success'){location.reload();return false();}else{customLogin();}}});}else{alert("Invalid columnist request!");return false();}}else if(isLoggedIn=="N"){customLogin();}}function unLockArticle(){var article_id='122083100387';var userInfo=decodeURIComponent(getCookie('_userLoggedIn'));var isPaidUser="N";if(userInfo!=null&&userInfo!='undefined'){var userType=JSON.parse(userInfo);if(userType!=null&&userType!='undefined'&&userType.s!='undefined'&&userType.s=='t'){isPaidUser="Y";}else{isPaidUser="N";}}if(article_id!=''){$.ajax({url:'/request-handler/article/unlock-article',type:'post',data:{'article_id':article_id,'isPaidUser':isPaidUser},success:function(msg){console.log(msg);if(msg=='success'){location.reload();return false();}else{$(".iframe").trigger('click');}}});}else{alert("Invalid columnist request!");return false();}}function customLogin(){var author_id='0';var articleId='122083100387';var parentUrl=window.location.href;if(parentUrl.indexOf("?")>-1){parentUrl=parentUrl.substr(0,parentUrl.indexOf("?"));}$("#sign_in").fancybox({maxWidth:600,maxHeight:580,fitToView:false,autoSize:false,closeClick:false,href:'/core/request-handler/sign-in-content?ref='+parentUrl+'&fc='+author_id+'&articleId='+articleId,openEffect:'none',closeEffect:'none'});$('.fancybox').fancybox();$("#sign_in").trigger('click');}function showhide(){var div=document.getElementById("follow");if(div.style.display!=="block"){div.style.display="block";}else{div.style.display="none";}}$(document).ready(function(){$('.articleCompanyStockInfo').hide();$('.bsNewArticleCompanyStockInfo').show();var userInfo=decodeURIComponent(getCookie('_userLoggedIn'));if(userInfo!=null&&userInfo!='undefined'){var userType=JSON.parse(userInfo);if(userType!=null&&userType!='undefined'&&userType.s!='undefined'&&userType.s=='t'){$(".article-middle-banner").css("display","none");}else{$(".article-middle-banner").css("display","block");}}else{$(".article-middle-banner").css("display","block");}});

RECENT NEWS

Revoluts Australian Banking Licence Game Changer

Revolut has spent much of its life insisting that it is more than a bank. In Australia, it has now decided that becoming... Read more

The AI Bank Is Coming, But Who Controls The Risk?

Artificial intelligence is no longer something banks discuss as a distant possibility. It is already working behind the ... Read more

ClearBank UK Profit Leads To European Growth

ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more

Bank Of London Continues To Rebuild

ClearBank’s progress shows that modern clearing and banking infrastructure can become a sizeable and profitable busine... Read more

JPMorgan's Berlin Moment: Chase Takes On Europe

There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more

What Strategy's Bitcoin Sale Really Tells Us

There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy.