NTPC's board has cleared a proposal to raise up to ₹12,000 crore through the issue of non-convertible debentures, giving the state-run power producer a fresh avenue to tap debt markets. The decision was taken at a board meeting, according to the company update.
The planned NCD issue signals NTPC's continued use of market borrowing as it manages funding needs in a capital-intensive power business. Non-convertible debentures are a debt instrument, allowing companies to raise money from investors without diluting equity.
Alongside the fundraising approval, NTPC reported an increase in commercial power generation for the quarter. Output rose to 93.63 billion units from 91.06 billion units in the corresponding period a year earlier, showing a year-on-year improvement in generation.
The combination of higher quarterly generation and the approved ₹12,000 crore NCD plan highlights NTPC's focus on both operational scale and financial flexibility. As one of India's biggest power producers, the company remains closely watched for signals on output growth and financing activity.
