NTPC’s ₹4,000 Crore NCD Issue Offers Steady Growth and Long-Term Value for Investors

India's largest power generation company NTPC Ltd. has said that it issued unsecured, non-convertible debentures (NCDs) to the tune of ₹4,000 crore as a private placement with an attractive coupon rate of 6.84% on an annualized basis for 10-year tenor. This is the company's effort, as in line with its regular strategy to obtain long-term finances for capex, refinancing of debt and general corporate use.

NTPC's new issue of NCDs will fuel its next round of expansion, providing stability to investors along with new money for India's energy future.

 

Source: Moneycontrol, NTPC Investor Announcements, India Infoline