News Announcement

NTPC: Corporate Disclosure

In line with Corporate Disclosure requirements we wish to inform that NTPC has decided to raise Rs. 4 300 crore through private placement of secured non-convertible bonds in the nature of debentures at a coupon of 7.32% p.a. with a door to door maturity of 10 years on July 17 2019. The proceeds will be utilized inter alia to finance capital expenditure refinancing the debt requirement in on-going projects and other general corporate requirements. The bonds are proposed to be listed on both NSE & BSE. Security for these bonds will be duly created as per the requirements of and within the period of time prescribed under the Companies Act and rules specified therein.

These bonds are issued under the approval obtained through shareholders resolution on September 20 2018.

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